TOKYO, Apr 02 (Pulse News Wire) – Plan-D Co., Ltd. (458A.T) announced today that it has finalized a financial covenant-backed loan agreement with Chiba Bank to fund the acquisition of real estate properties previously disclosed on February 26, 2026.
The loan amount is ¥615 million. The contract will be signed and executed on April 13, 2026, with a term of 1.5 years at a floating interest rate. The loan is secured by collateral.
Under the financial covenants attached to the loan agreement, Plan-D Co., Ltd. is committed to maintaining its net assets at least 75% times higher than either the net asset value reported in the fiscal year ending November 2025 or the latest previous reporting period's net asset value. Additionally, the company must avoid consecutive losses in ordinary income for two consecutive fiscal years starting from the fiscal year ending November 2026.
Regarding the impact on the current fiscal performance, the company anticipates a minor effect but will promptly disclose any significant developments.
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