TOKYO, Jun 17 (Pulse News Wire) – Kanmonkai CO.,LTD. (3372.T) announced today that its board of directors, held , approved the establishment of an overdraft facility with Chiba Bank.
The agreement, set to be finalized on June 30, 2026, allows for a borrowing limit of ¥100 million. The contract duration is one year with automatic renewal options. The interest rate will be based on a benchmark rate plus a spread.
The funds will be used primarily for operational purposes, with repayment due in a lump sum upon maturity. Notably, there will be no collateral or guarantees attached to the loan. Looking ahead, the company expects the impact on its fiscal year ending March 2027 to be minimal.
This move underscores Kanmonkai's strategic approach to maintaining liquidity and enhancing operational flexibility.
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