Sanritsu Secures Loan Agreement with Financial Covenants

TOKYO, Jun 30 (Pulse News Wire) – Sanritsu Corporation (9366.T) announced that it has resolved to enter into a loan agreement with financial covenants at a board meeting held . The funds will be used for constructing a new warehouse in Chiba Prefecture.

Key details of the loan agreement include: - Loan Closure Date: June 30, 2026 - Lenders: Major banks, regional banks, and trust banks - Principal Amount: ¥2.090 billion (estimated) - Repayment Term: July 31, 2041 - Collateral: Land, buildings, and building facilities As part of the agreement, Sanritsu will provide collateral securing a total amount of ¥5.300 billion. Cumulatively, ¥5.260 billion has already been borrowed as of June 30, 2026. Financial covenants stipulate that Sanritsu must maintain its consolidated net assets at least equal to either 120% of the amount recorded as of March 31, 2024, or 110% of the latest fiscal year-end figure.

Additionally, the company cannot incur consecutive operating losses in any two fiscal years ending March 31, 2025, and onwards. Looking ahead, the impact on the company's consolidated performance for the fiscal year ending March 2027 is expected to be minor. Sanritsu will promptly disclose any significant impacts on future earnings.