Manaby Secures Loan for New Facility Costs
TOKYO, Jul 30 (Pulse News Wire) – Manaby CO.,LTD. (9222.T) announced today that it has resolved to secure a loan aimed at funding the establishment of a new facility and related expenses.
The decision was made during a board meeting held. The loan details include borrowing from Shichi-shichi Bank amounting to ¥100 million. The funds will be utilized specifically for the setup costs of the new office and associated expenditures.
The transaction is scheduled to take place on July 31, 2026, based on the bank's prevailing interest rates, with a repayment term spanning five years. Regarding future outlook, the company anticipates that the impact on its fiscal year ending March 2027 will be minor. However, Manaby CO.,LTD.
Commits to promptly disclosing any significant developments arising from this arrangement.
