TOKYO, Mar 25 (Pulse News Wire) – Data Horizon CO.,LTD. (3628.T) announced today that its subsidiary, DESC Healthcare Co., Ltd., resolved at a board meeting held, to extend the loan agreement with parent company DeNA Corp.
Until March 31, 2028. The extension involves a revolving credit facility of up to [¥2.800 billion] yen, with a borrowing rate based on the one-month Japanese TIBOR plus [0.5%]. The decision was made due to DESC's need for additional operating capital during peak receivables collection periods and to support anticipated revenue growth.
The loan does not require collateral or guarantees but includes provisions for late payment penalties at an annual rate of [14.5%]% if the obligations are not met. In accordance with minority shareholder protection policies outlined in its Corporate Governance Report disclosed on June 30, 2025, Data Horizon ensured the fairness and transparency of the transaction through independent reviews and consultations with external directors who confirmed the and necessity of the arrangement. This extension is expected to have a minor impact on the company’s performance for the fiscal year ending March 2026 and subsequent years.
🟢 Confidence: High AI-translated content.