Happiness and D Co.,Ltd. [3174.T]
TOKYO, May 29 (Pulse News Wire) – Happiness And D CO.,LTD. (3174.T) and its subsidiary AbHeri executed loan agreements totaling ¥100 million, aimed at funding inventory acquisition and operational expenses.
For Happiness And D CO.,LTD., the primary purpose was to secure funds for inventory procurement. The loan was extended by Chiba Bank and is set to be repaid by May 28, 2027, carrying an annual interest rate of 3.25%. As collateral, the company offered trust beneficiary rights based on its accounts receivable. Additionally, the firm utilized a demand overdraft agreement with a limit of ¥400 million, resulting in a net borrowing amount of ¥100 million.
AbHeri, the subsidiary, secured two separate loans from Shounan Credit Union. The first loan of ¥35 million and the second of ¥15 million, both due on May 20, 2033, carry respective annual interest rates of 1.95% and 2.35%. These loans are unsecured but backed by guarantees from the Tokyo Guarantee Association. Regarding the impact on performance, the company anticipates minimal effects on its fiscal year ending August 2026.
However, any significant changes will be promptly disclosed.
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