TOKYO, May 14 (Pulse News Wire) – Faithnetwork Co.,ltd (3489.T) announced today that its subsidiary, Iwamoto Group Co., Ltd., has resolved to enter into an overdraft agreement with Tokushima Daishodo Bank. The agreement, set to take effect on May 14, 2026, establishes a borrowing limit of ¥340 million.
The purpose of this contract is to enhance the group's ability to respond flexibly to future development projects and business expansion. As part of efforts to build a system capable of swiftly securing funds for ongoing project acquisition and development, this agreement represents a key step forward. The contract will remain valid from May 14, 2026 through June 30, 2027, with interest rates based on the prime rate plus spread.
No collateral will be required for this arrangement. Iwamoto Group Co., Ltd., located at Prime Sendagaya Building, 3rd Floor, 4-23-5, Tokyo, Shibuya Ku Sendagaya, operates primarily in construction work execution and design. It has a capital of ¥20 million.
Regarding the impact on the fiscal year ending March 2027, the company anticipates a minor influence on consolidated performance due to this agreement.
🟡 Confidence: Standard AI-translated content.