TOKYO, Mar 31 (Pulse News Wire) – Sharp Corporation (6753.T) has concluded a syndicated loan agreement worth ¥391.4 billion with Mizuho Bank and Mitsubishi UFJ Financial Group acting as arrangers. The agreement was finalized on March 31, 2026 to replace an existing loan set to expire on April 28, 2026.
Under the new contract, which runs from April 28, 2026, to March 31, 2028, Sharp will maintain collateral consisting of real estate, machinery, inventory assets, securities, accounts receivable, promissory notes, and subsidiary shares. The loan will serve as operational funding to support ongoing growth initiatives outlined in its mid-term business plan.
Key financial covenants tied to the loan stipulate maintaining consolidated net assets at least 80% higher than either the previous fiscal year-end or interim balance sheet figures, ensuring consolidated operating profit, ordinary profit, and net income remain above ¥0 for each reporting period. According to the company, the impact on its consolidated performance is expected to be minor.
Sharp plans to continue advancing its mid-term strategy and sustainable growth objectives through effective utilization of the borrowed funds.
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