TOKYO, Apr 21 (Pulse News Wire) – Sunwels CO.,LTD. (9229.T) announced changes to its loan repayment conditions and funds usage following a board meeting held today.
The company agreed with nine financial institutions to defer principal repayments from April 30, 2026, to September 30, 2026, due to significant structural reforms planned for fiscal year 2027. Under the revised terms, the total amount of principal repayments deferred during this period is ¥574 million (part of the total debt of ¥6.197 billion as of March 31, 2026). Interest payments will continue as usual throughout the deferral period. Further discussions on post-deferral repayment conditions and potential extensions beyond October 2026 are scheduled for the next bank meeting in September 2026.
Additionally, the company adjusted the intended use of funds raised through share buybacks and stock sales. Originally planned for equipment investments related to PD House projects, part of these funds will now be used as working capital to ensure operational stability. The revised allocation includes: - Equipment investment for two new PD House facilities: 1,585 until March 2027 - Purchase of furniture and appliances for 20 PD House facilities: 1,400 until March 2026 - Loan repayment: 398 million yen from December 2025 to March 2026 - Working capital: 1,162 million yen from April to September 2026 Total revised fund usage stands at 4,545 million yen. The impact on the company's performance for the fiscal year ending March 2027 is expected to be minor and will be reflected in future earnings forecasts.
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