Euglena subsidiary Q-Partners declares special dividend, secures new loan

Q-Partners, a consolidated subsidiary of Euglena Co., Ltd., will pay a special dividend totaling 8.18 bn yen on December 25, 2025. Euglena will receive 4.01 bn yen, with non-controlling shareholders receiving 4.17 bn yen. This dividend follows the successful business expansion and strong performance of the Quysai Group, which includes Quysai Corporation.

In connection with the special dividend, Quysai Corporation has secured a new loan agreement amounting to 17.56 bn yen, along with an unused 1.8 bn yen commitment line. This new financing refinances the existing LBO loan (remaining balance: 11.56 bn yen), allowing for its full prepayment and an increase in borrowing. The loan agreement, signed on December 22, 2025, includes financial covenants such as gross leverage ratio and debt service coverage ratio.

The special dividend is sourced from Q-Partners' capital surplus and is not expected to impact Euglena’s consolidated or standalone performance, though the portion paid to non-controlling shareholders will reduce consolidated net assets.