MIRAI Corporation announced that it has executed interest rate swap agreements for a part of long-term loans with floating rates, which are stated in the “Notice Concerning Borrowing of Funds” announced on December 13, 2021. Details are as follows. Reason for Executing Interest Rate Swap Agreements.

The reason for executing interest rate swaps is to hedge against the interest rate volatility risk by practically fixing the floating rate of long-term loans (total of JPY 1.3 billion with maturity of 7 years) scheduled to be borrowed on March 25, 2022. Lender: Mizuho Bank, Ltd; Resona Bank, Limited. Notional principal of loans: JPY 1.0 billion; JPY 0.3 billion.

Counterparty: Nomura Securities Co. Ltd. Interest rate: fixed rate paid: 0.28500% (note 2); 0.28500% (note 3) respectively. commencement: Mach 25, 2022.

Termination date: February 28, 2029. Term of swaps: 7 years.