TOKYO, Mar 16 (Pulse News Wire) – Japan Excellent, Inc. (8987.T) announced today that it has secured a loan of March 16, 2026 amounting to [NUM_0] yen from Mizuho Bank.
The loan carries a variable interest rate based on the TIBOR benchmark rate for one month in Japanese yen, effective from March 19, 2026, until March 19, 2027, with repayment due on the settlement date. This unsecured loan will be used partially to fund the additional acquisition of shares in Akasaka Intercity AIR and related expenses. Further details on the transaction can be found in the announcement dated February 20, 2026, which covers the acquisition of domestic real estate trust beneficiary rights and the transfer of certain properties. In addition, the company disclosed that the funds raised will specifically cover the increased shareholding in Akasaka Intercity AIR and associated costs. The expenditure is scheduled for March 19, 2026.
Following this borrowing, the total liabilities of Japan Excellent, Inc. will increase by 5,000 million yen, bringing the overall indebtedness to 136,100 million yen. The breakdown shows an increase in short-term borrowings from [NUM_5] million yen to [NUM_6] million yen, while long-term borrowings remain unchanged at 84,600 million yen. The total debt now stands at [NUM_8] million yen compared to 93,100 million yen previously. Regarding risks associated with this financing, the company stated there have been no changes since its latest securities report filed on September 26, 2025.
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