TOKYO, May 14 (Pulse News Wire) – SmartDrive Inc. (5137.T) announced that its board of directors, convened on January 29, 2026, approved loans totaling ¥10 billion from three financial institutions to fund the acquisition of shares in Interzone Co., Ltd.
The initial drawdown was executed on January 29, 2026, followed by subsequent draws on January 30, 2026, and February 18, 2026. The loans, which carry fixed interest rates based on one-month TIBOR plus a certain margin, are set to mature on January 31, 2036; January 31, 2033; and January 31, 2031, respectively. Each loan agreement includes equal principal repayment schedules without collateral or guarantees.
In a statement, the company noted that the impact of these borrowings on its fiscal year 2026 operating results is expected to be minor, with interest payments already incorporated into the initial earnings forecast. The acquired shares aim to fully consolidate Interzone Co., Ltd. into SmartDrive's subsidiary structure, enhancing strategic control and operational synergy within the group.
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