TOKYO, Jun 10 (Pulse News Wire) – Cacco Inc. (4166.T) resolved at its board meeting held, to enter into a loan agreement with Mizuho Bank for the acquisition of shares in Anycloud Co., Ltd.
The loan amount is ¥247 million. Key terms of the agreement include a repayment period of one year, interest based on benchmark rates plus spread, and no collateral or guarantees. Financial covenants stipulate maintaining consolidated cash balances of ¥250 million or more at the end of each fiscal year, and ensuring consolidated net assets remain at ¥450 million or higher.
Additionally, the company must maintain operating profits in black figures post-acquisition and retain a voting stake of 100% in Anycloud. The impact of this borrowing on Cacco's December 2026 consolidated performance is expected to be minor. Based on current financial conditions, the company believes there is little risk of breaching the agreed-upon financial covenants.
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