Source disclosure: January 23, 2026
FUTABA CORPORATION [6986.T]
TOKYO, Jan 23 (Pulse News Wire) – Futaba Corporation (6986.T) resolved at its January 23 board meeting to extend the term of its commitment line agreement until February 26, 2027. As of today, there is no outstanding borrowing under this agreement.
The extension was made to maintain flexibility and stability in funding, ensuring adequate working capital for future growth and reinforcing the company's financial foundation. The agreement, originally set to expire on February 28, 2025, had previously been extended once to February 27, 2026.
Key details of the commitment line agreement include: - Counterparty: Chiba Bank Co., Ltd. - Type: Relative-form commitment line contract - Maximum borrowing limit: ¥5 billion - Contract signing date: March 1, 2024 - Initial term: March 1, 2024 to February 28, 2025, with two one-year renewal options The agreement remains unsecured and interest-free, with funds designated for operational purposes.
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