TOKYO, Mar 12 (Pulse News Wire) – CORREC HOLDINGS Inc. (6578.T) announced today that its board of directors has approved a commitment line agreement aimed at securing growth funding for future high-growth phases.
The agreement involves a credit limit of ¥1 billion and was signed with Resona Bank on March 12, 2026, with a contract term ending on March 31, 2026. Key terms of the agreement include interest payments based on benchmark rates plus spread, and the deal is unsecured and non-guaranteed.
The funds will be used for working capital purposes. Additionally, the agreement includes options for two-year extensions annually, making the total potential duration up to five years.
Regarding the impact on the fiscal year ending February 2027, the company expects minimal effects on its operating performance.
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