August 10, 2022
For Immediate Release
Company name: First Brothers Co., Ltd.
President: | Tomoki Yoshihara |
(TSE Prime Market, Stock code: 3454) | |
Inquiries: | Chief Financial Officer |
Yoshinobu Hotta | |
(Tel: +81-3-5219-5370) |
Notice on Borrowing of Funds by a Consolidated Subsidiary
First Brothers Co., Ltd. hereby announces that on August 10, 2022, it reached the decision for its consolidated subsidiary, Higashinihon Fudosan Co., Ltd., to obtain a capital loan as outlined below.
1. Reason for obtaining the capital loan
One of the basic policies the First Brothers Group outlines in its growth strategy is the acquisition of quality real estate for lease that can produce stable revenues. The purpose of the capital loan is to obtain funds for the acquisition of real estate trust beneficiary rights based on this strategy.
2. | Outline of capital loan | |||
Lender | Amount to be | Scheduled | Term of loan | |
borrowed | borrowing date | |||
The 77 Bank, Ltd. | ¥1,050 million | August 10, 2022 | 34 years | |
3. | Outlook |
The impact of this loan transaction has been factored into our consolidated earnings forecast for the fiscal year ending November 30, 2022, released on January 12, 2022. In case future assessments of the transaction reveal matters that require public disclosure, we will promptly disclose such matters.
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First Brothers Co. Ltd. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 12:12:17 UTC.