TOKYO, Mar 17 (Pulse News Wire) – Hitomile CO.,LTD. (7686.T) announced today that its board of directors approved a commitment line agreement with financial covenants.
The agreement, set to be finalized on March 26, 2026, will remain effective from March 31, 2026, to March 31, 2027, with an option to extend up to two years. Under the syndicated commitment line arrangement, HitoMile secured a borrowing limit of ¥5 billion. Mizuho Bank acts as the arranger and agent, alongside participating financial institutions such as Sumitomo Mitsui Banking Corporation, Resona Holdings, Yokohama Bank, Mitsubishi UFJ Financial Group, Kiraboshi Bank, West Japan City Bank, and Fukuoka Bank. The agreement is unsecured.
Key financial covenants stipulate that the consolidated net assets as reported on the balance sheet at the end of each fiscal quarter must maintain a level of ¥4.230 billion or higher since the fiscal year ending March 2026. Additionally, the ordinary profit shown in the consolidated income statement for consecutive two fiscal quarters cannot show losses during the contract period, with the initial assessment based on the fiscal year ending March 2027 and the preceding fiscal year. Looking ahead, the company expects the impact on its performance for the fiscal year ending March 2026 to be minor. However, should significant impacts arise in future periods, HitoMile will promptly disclose such developments.
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