Taka-Q to Prepay Part of Debt Ahead of Schedule

TOKYO, Jul 29 (Pulse News Wire) – Taka-q CO.,LTD. (8166.T) announced today that it has decided to prepay part of its debt ahead of schedule.

The decision was made during a board meeting held. Under the terms of an agreement signed on May 23, 2024, Taka-Q agreed to repay its debts based on its performance. As part of efforts to improve its financial health early, the company plans to make an additional repayment beyond the scheduled amount. The prepayment involves loans from Aozora Revitalization Support Corporation, Shokocho Central Cooperative Bank, Mizuho Bank, and Jojima General Partnership. The total amount to be prepaid is ¥200 million.

The funds for this repayment will come from the company's own resources. This move is aimed at compressing interest-bearing liabilities and advancing the improvement of the company’s financial structure. Following this repayment, the total interest-bearing liabilities will decrease by 200 units from 1,618 to 1,418. Looking forward, Taka-Q anticipates that the impact on its fiscal year ending February 2027 will be minor. However, the company will promptly disclose any significant effects on future operations.

Taka-Q remains committed to strengthening its financial foundation and enhancing corporate value moving forward.