Keihan Holdings secures JPY38bn loan with covenants

Keihan Holdings Co., Ltd. disclosed that it has secured a JPY38 billion loan through a syndicate of trust banks, with the agreement finalized on June 26, 2025. The funds are earmarked for sub-leasing to the company's subsidiaries. Repayment is structured across three dates: June 30, 2027, June 29, 2029, and June 30, 2031. Notably, the loan agreement includes financial covenants requiring the company to maintain the net assets section in its consolidated balance sheet at a minimum of 75% of the previous year's level. Keihan Holdings anticipates only a minor impact on its consolidated financial results for the fiscal year ending March 2026. No collateral has been pledged as part of the agreement.