TOKYO, May 28 (Pulse News Wire) – Konaka CO.,LTD. (7494.T) announced changes to the repayment terms of its financial agreements with related financial institutions effective May 26, 2026.
The modifications aim to ensure stability and flexibility in future funding arrangements amid recent shifts in operating conditions and the group's financial status. Under the revised agreement, the repayment deadlines for Tranche A remain unchanged at May 14, 2027, while those for Tranches B and C have been extended to August 31, 2026. The loans involve three major banks, one regional bank, and one trust bank, totaling approximately ¥1.882 billion for Tranche A, ¥313 million for Tranche B, and ¥966 million for Tranche C.
Additionally, the company maintains certain financial covenants, including maintaining consolidated ordinary profit and parent company shareholders' net income at planned levels of 90%, keeping consolidated net assets above the previous fiscal year’s level, and ensuring individual total borrowings do not exceed operational funds. These stipulations apply to both the parent company and its subsidiaries. Regarding future outlook, Konaka anticipates minimal impact on performance for the September 2026 fiscal quarter.
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