Keikyu secures ¥157 bn syndicated loan for Shinagawa Station development

Keikyu Corporation announced the signing of a ¥157 billion syndicated loan agreement, effective October 29, 2025. This financing is specifically for the Shinagawa Station West Exit Area (Takanawa 3-chome) development project. The loan involves city banks, government-affiliated financial institutions, regional banks, and others, with a repayment due date of October 31, 2035, and no collateral required.

The agreement includes several financial covenants. Starting with the fiscal year ending March 31, 2026, Keikyu must maintain consolidated and non-consolidated net assets at 75% or more of the previous fiscal year's amount. Additionally, for any two consecutive fiscal years, beginning with the fiscal year ending March 31, 2026, ordinary income (loss) on both consolidated and non-consolidated statements must not be a loss.

Keikyu Corporation anticipates that the execution of this agreement will have an immaterial impact on its consolidated financial results. The company, led by president and representative director Yukihiro Kawamata, detailed these terms in its official notice.