TOKYO, Mar 19 (Pulse News Wire) – Shinden Hightex Corporation (3131.T) announced today that it has decided to borrow up to $80 million to ensure stable operations and supply chain management amid fluctuations in the semiconductor and electronic components market, particularly in Memory Shikyou. The borrowing will be conducted through multiple domestic financial institutions and executed sequentially starting from March 26, 2026.
The loan will carry variable interest rates plus spread and will be unsecured. It will be used primarily as working capital and will have a term ranging from one month to one year, with options for renewal upon repayment.
Shinden Hightex stated that the impact of this borrowing on its consolidated performance for the fiscal year ending March 2026 is expected to be minor at this stage. The company also noted that it will promptly disclose any further significant developments related to this financing arrangement.
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