TOKYO, Mar 17 (Pulse News Wire) – Kushikatsu Tanaka Holdings Co. (3547.T) announced today that its board of directors, held , approved plans to borrow funds for the expansion of its direct-store operations in the fiscal year ending November 2026.
The company intends to secure a loan amounting to ¥500 million from Sumitomo Mitsui Banking Corporation. The borrowing will carry a floating interest rate based on the benchmark rate plus spread.
The loan is scheduled to be executed on March 31, 2026 and will run for a five-year term without collateral or guarantees. Regarding the impact on performance, the company stated that the borrowing would have a minor effect on its consolidated earnings for the fiscal year.
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