Rising Corporation Inc. [207A.T]
TOKYO, May 15 (Pulse News Wire) – Rising Corporation Inc. (207A.T) announced today that its board of directors approved a term loan agreement with a commitment period to finance the acquisition and development of fixed assets.
The transaction was initially disclosed on January 15, 2026, concerning the commencement of new business and asset acquisition. The loan, secured from Kii Bank Co., Ltd., will amount to ¥568 million, increasing to ¥284 million post-term loan conversion. The agreement includes a commitment period lasting one year followed by a total contract duration of 17 years. Interest payments will be based on the prime rate plus a spread.
Scheduled repayments will begin in August 2027, with equal principal installments over ¥201 million periods until maturity. Additionally, the loan features cash sweep provisions allowing for prepayment of excess income exceeding projected annual revenue forecasts. The transaction is expected to close in late June 2026. Looking ahead, the impact of this financing on the current fiscal performance is reflected in the previously released earnings forecast.
Any significant developments related to this matter will be promptly disclosed.
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