Source disclosure: February 25, 2026, 16:00 JST
NIHONWASOU HOLDINGS,INC. [2499.T]
TOKYO, Feb 25 (Pulse News Wire) – Nihonwasou Holdings,inc. (2499.T) announced today that its subsidiary, Nichikure Co., Ltd., has resolved to enter into a loan agreement with financial covenants at a board meeting held.
The purpose of the loan is to secure operating funds. The loan agreement, scheduled to be finalized on March 26, 2026, involves a major urban bank and carries a principal amount of ¥1 billion. The loan period extends until December 28, 2029, with disbursements possible from March 31, 2026, through December 30, 2026. The loan is unsecured but includes financial restrictions requiring the maintenance of certain metrics such as net assets, ordinary profit, and leverage ratios. Under the agreement, Nichikure Co., Ltd. must maintain net assets at least equal to the larger of 80% or the previous fiscal year-end level, ensure ordinary profit exceeds ¥0, and adhere to specific ratio limits related to bad debt reserves and interest-bearing liabilities.
Failure to meet these conditions consecutively for two periods could result in the loss of grace period benefits at the lender's request. Nichikure Co., Ltd., located at Tokyo, Chuuou Ku Ginza 1-18-6, is led by President Norio Noguchi and specializes in installment sales facilitation. The subsidiary has a capital of ¥100 million and is wholly owned by Nihonwasou Holdings,inc. with a stake of 100% percent. The company expects the impact on consolidated performance to be minor. Any significant developments will be disclosed promptly.
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