Nichikure Co., Ltd., a consolidated subsidiary, entered into a loan agreement with a commitment line facility of up to 500 million yen with a major city bank. The agreement includes a financial covenant requiring the subsidiary to maintain net assets at 80% or more of the prior year-end level as of each fiscal year-end.
¥500M
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Summary
Nichikure Co., Ltd., a consolidated subsidiary, entered into a loan agreement with a commitment line facility of up to 500 million yen with a major city bank. The agreement includes a financial covenant requiring the subsidiary to maintain net assets at 80% or more of the prior year-end level as of each fiscal year-end.