TOKYO, Apr 02 (Pulse News Wire) – HPC Systems Inc. (6597.T) announced today that its board of directors approved a special overdraft agreement with Mizuho Bank.
The agreement, set to be finalized on April 02, 2026, includes a borrowing limit of ¥12.00 billion. Key details of the contract include a base interest rate plus spread, a two-year and four-month duration, and no collateral or guarantees. The funds will partially finance materials procurement related to a significant order previously disclosed on April 01, 2026.
Financial covenants stipulate that the company's consolidated net profit must not show consecutive losses starting from the fiscal year ending June 2026. Additionally, the consolidated shareholders’ equity must remain at least 75% of the previous fiscal year-end figure throughout the contract period. Violation of these conditions could result in the loss of benefit of the contractual provisions.
Regarding the impact on the company’s performance forecast for the fiscal year ending June 2026, HPC Systems stated that further details would be communicated promptly should any significant developments arise.
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