Kyobashi Art Residence Co.,Ltd. [5536.T]
TOKYO, Mar 30 (Pulse News Wire) – Kyobashi Art Residence CO.,LTD. (5536.T) announced today that it has decided to secure a loan for the purchase of properties intended for sale.
The loan amount is ¥387 million. It will be provided by Chiba Bank and executed on March 30, 2026. The interest rate will be based on Chiba Bank's benchmark rate, and the loan duration is set to be one year and eleven months. Additionally, collateral assets will be offered, and there will be financial covenants attached to the agreement.
Under the financial covenants, the company must ensure that ordinary profit does not show losses for two consecutive periods. Furthermore, the equity portion must remain at least 75% times the higher value between the net asset amount for the fiscal year ending November 2025 and the net asset amount at the end of the previous fiscal period. Lastly, the average deposit balance must be maintained at ¥150 million or more. Regarding future outlook, while the impact on performance for the fiscal year ending November 2026 is expected to be minor, the company stated that it will promptly disclose any significant developments going forward.
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