Shinko to Borrow Funds for Subsidiarization of TAC Shares

TOKYO, Jun 19 (Pulse News Wire) – SHINKO Inc. (7120.T) announced today that its board of directors, held , resolved to borrow funds for the acquisition of shares in TAC Corporation, which was disclosed on May 28, 2026.

The borrowing details are as follows: - Lender: Sumitomo Mitsui Banking Corporation - Amount: ¥600 million - Interest Rate: Variable rate - Execution Date: June 30, 2026 (tentative) - Term: Five years - Repayment Method: Equal principal repayment - Collateral: Shares of the subsidiary - Guarantee: None In a statement, SHINKO stated that the impact on its performance due to this transaction is expected to be minor. However, the company will promptly disclose any significant developments going forward.