Hikari Holdings Secures Loans Amid Financial Reorganization

TOKYO, Jul 15 (Pulse News Wire) – Hikari Holdings CO.,LTD. (1445.T) announced that it and its subsidiary, Hiryo Co., Ltd., resolved to secure loans during a board meeting held.

Hikari Holdings plans to borrow ¥170 million from Kiraboshi Bank's Nihonbashi Branch at a floating interest rate of TIBOR plus 1.090%. The loan is secured by deposits and is scheduled to be executed on July 31, 2026, with a term of two years. Hiryo Co., Ltd. intends to raise operating funds through a loan from Fukushima Bank's Omiya Branch.

The total amount borrowed will consist of ¥75 million from the bank itself and ¥25 million guaranteed by a credit guarantee association, totaling ¥100 million. The loan will carry an interest rate of 1.980% for part A and 1.880% for part B, and is set to be executed on July 31, 2026, with a term of one year. No collateral is required for this loan. Regarding future outlook, the company stated that the impact of these loans on the consolidated performance for the fiscal year ending August 2026 is expected to be minor and will be reflected in future earnings reports.