TOKYO, Mar 24 (Pulse News Wire) – Premium Group CO.,LTD. (7199.T) announced today that its subsidiary, Premier Corporation, resolved to enter into a loan agreement with financial covenants during a board meeting held on March 24, 2026.
Premier Corporation, established on July 31, 2007, operates financing services centered around auto credit and various related services. It has a capital of ¥1.515 billion and is headquartered at Tokyo, Minato Ku Toranomon Ni Choume10-4, Okura Prestige Tower, with Mr. Kunihiro Saito serving as the representative director. The loan agreement, set to be finalized on March 31, 2026, involves a principal amount of ¥5 billion. The lender is Aozora Bank, and the repayment deadline is scheduled for March 31, 2031.
The interest rate is fixed, and there is no collateral attached to the loan. Financial covenants stipulate maintaining the total capital balance on the consolidated balance sheet at the end of each fiscal year and semi-annual quarters at 75% times the higher value among the March 2025 quarter-end or the latest previous quarter-end figures. Additionally, operating profit should not show consecutive losses at the end of each fiscal year and semi-annual quarters. The impact of this loan agreement on the performance for the fiscal year ending March 2026 is expected to be minor. Any future developments that could significantly affect performance will be disclosed promptly.
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