TOKYO, Jun 03 (Pulse News Wire) – Eidai CO.,LTD. (7822.T) announced today that its subsidiary ENBoard Kabushiki Kaisha has revised the financial covenants attached to a money lending agreement.
The changes were approved during a board meeting held on April 27, 2026, and finalized on April 30, 2026. The modifications were made following discussions with ENBoard Kabushiki Kaisha's borrowing bank to align the financial restrictions with the company's future business plans. Under the original agreement, signed on November 30, 2022, ENBoard Kabushiki Kaisha was obligated to maintain a combined total of equity and borrowings from Eidai CO.,LTD. and JapaneseNobo Pao Kougyou Kabushiki Kaisha companies at or above ¥0 million. Additionally, ENBoard Kabushiki Kaisha had to ensure two consecutive fiscal quarters without operating losses starting from March 2026. Under the amended contract, ENBoard Kabushiki Kaisha will now need to avoid two consecutive quarterly operating losses beginning from March 2027.
Furthermore, the requirement to maintain a certain level of equity and debt has been removed. However, the stipulation related to Japanese Novopan Industry Co., Ltd. remains unchanged. The impact on ENBoard Kabushiki Kaisha's performance for the fiscal year ending March 2027 is expected to be minor. The capital of ENBoard Kabushiki Kaisha stands at ¥100 million. The loan amount is ¥3.850 billion, with repayment due by November 30, 2037.
The collateral includes land, buildings, and structures owned by ENBoard Kabushiki Kaisha.
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