TOKYO, Apr 30 (Pulse News Wire) – Shikibo Ltd. (3109.T) implemented a loan transaction based on a commitment line agreement with 15 financial institutions to enhance its working capital efficiency.
The loan was executed, involving the repayment of existing borrowings amounting to ¥8 billion and securing a new borrowing of ¥7.760 billion. The debt is unsecured and set to mature on May 29, 2026. According to the agreement, Shikibo Ltd. is committed to maintaining its net assets at 75% or higher compared to the previous fiscal year-end balance sheet figures.
Additionally, the company must ensure that its ordinary profit does not show consecutive losses during each fiscal year's settlement period. In a statement, President and CEO Suzuki Atsumi highlighted that the impact of this transaction on the company’s performance is expected to be minor. Shikibo Ltd. also noted that it will promptly disclose any further significant developments related to this transaction.
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