Source disclosure: February 27, 2026, 16:00 JST
Flier Inc. [323A.T]
TOKYO, Feb 27 (Pulse News Wire) – Flier Inc. (323A.T) announced today that it has finalized a loan agreement worth ¥350 million to fund the acquisition of Zealox Corporation.
The loan, secured through Resona Bank, carries financial covenants requiring the company to maintain its consolidated net assets at least 75% higher than the previous year's balance as of the end of each fiscal quarter post-closure date. Additionally, Flier Inc. must ensure two consecutive quarters without operating losses and maintain a debt service coverage ratio (DSCR) of 1.2 times or more starting from the fiscal year ending February 2027.
The loan agreement was approved during the board meeting held on February 13, 2026, and final adjustments were made based on the agreed-upon financial conditions. The interest payments associated with this loan are expected to have a minor impact on Flier Inc.'s consolidated performance for the fiscal year ending February 2026. Further details on the potential effects of related expenses incurred due to the acquisition will be disclosed once evaluated.
Flier Inc.’s CFO, Mitsuki Tsukimiya, stated that the company remains committed to fulfilling these financial obligations while executing the strategic move to integrate Zealox Corporation into its operations.
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