MEIHO ENTERPRISE CO.,LTD. [8927.T]
TOKYO, Mar 26 (Pulse News Wire) – Meiho Enterprise CO.,LTD. (8927.T) announced today that its subsidiary, Koyu Co., Ltd., has entered into an overdraft agreement with East Japan Bank.
The agreement, approved during a board meeting held, sets a limit of ¥200 million and runs until March 31, 2028. The purpose of the agreement is to secure construction funds and stabilize the financial foundation for MEIHO's construction projects. Interest rates will be based on the prime rate plus a spread, and there will be no collateral involved.
Looking ahead, the company stated that this agreement does not affect its fiscal year 2026 July term performance forecasts. Meiho Enterprise CO.,LTD. will promptly disclose any further significant developments related to this agreement.
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