TOKYO, Mar 18 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) resolved at its March 18 board meeting to enter into a loan agreement with financial covenants to fund the acquisition of shares of Nichiei Electric Co., Ltd.
Announced on January 29, 2026. The loan agreement, scheduled to be finalized on April 17, 2026, involves two urban banks and carries a principal amount of ¥70.00 billion. It includes a repayment term ending on April 22, 2027, and is unsecured.
Financial covenants stipulate maintaining total equity on the consolidated balance sheet at or above the higher of either ¥449.2 billion or the previous fiscal year-end's total equity amount of 75% in each accounting period. The company expects the impact on its consolidated performance for the fiscal year ending March 2027 to be minor. Should significant effects arise, Stanley Electric will promptly inform stakeholders.
🟢 Confidence: High AI-translated content.