TOKYO, Mar 27 (Pulse News Wire) – Storage-oh CO.,LTD. (2997.T) announced today that its board of directors approved a syndicated loan agreement led by Mizuho Bank.
The loan, structured as a commitment-term loan, has a total borrowing limit of ¥800 million. The contract was finalized and will run until March 27, 2035. The funds will support the company's mid-term business plan aimed at enhancing revenue through stable development financing and increasing stock-type income from container-based storage facilities. Participating banks include Mizuho Bank, Chiba Bank, and Tokyo Tokai Credit Union. Additionally, the loan includes financial covenants requiring the company to maintain certain financial ratios.
Key conditions stipulate that the consolidated net assets must remain above either 75% times the amount reported at the end of January 2026 or 75% times the previous fiscal year-end figure. Furthermore, operating profit should avoid consecutive losses over two consecutive fiscal periods starting from the fiscal year ending January 2027. Other covenants mandate maintaining a net debt-to-equity ratio below 2.5 times and a net leverage ratio below 9.0 times. These measures are incorporated into the company’s forecast for the fiscal year ending January 2027, previously disclosed on March 16, 2026. Any significant developments will be promptly communicated.
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