First Stage Corporation [2985.T]
TOKYO, May 15 (Pulse News Wire) – First Stage Corporation (2985.T) announced today that its board of directors approved two separate borrowings related to real estate acquisitions. The company will secure a loan of ¥1.800 billion from SBJ Bank scheduled for June 08, 2026, while its subsidiary, First Stage Development Co., Ltd., will obtain a loan of ¥2.070 billion from Kansai Sumitomo Mitsui Banking Corporation on May 15, 2026.
For First Stage Corporation, the borrowing will be used to finance the purchase of properties intended for sale, with a total amount of __NUM_0__. The interest rate will be based on TIBOR plus spread, and the term of the loan is set for two years.
Meanwhile, First Stage Development's loan will be utilized for acquiring distinct properties for sale, with an interest rate tied to the short-term prime rate plus spread. Regarding future outlook, the company stated that the impact on the fiscal year ending March 2027 is expected to be minor.
However, any significant developments that require public disclosure will be promptly communicated.
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