TOKYO, May 14 (Pulse News Wire) – RitaX Inc. (393A.T) announced today that its board of directors, held , approved a loan agreement aimed at securing operating funds and stabilizing the company's financial foundation.
The company plans to borrow an amount of ¥200 million from Chiba Bank. The loan will carry a floating interest rate based on the benchmark rate plus spread.
Scheduled for execution on June 01, 2026, the loan will have a term of one year and will be unsecured and unsupported. In a statement, Chief Executive Officer Koichi Ando emphasized that while the impact on the company’s consolidated performance for the fiscal year ending December 2026 is expected to be minor, RitaX remains committed to promptly disclosing any significant developments related to this transaction.
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