Liberta has extended an unsecured ¥500mn commitment line with Resona Bank for one year, renewing on June 30, as it seeks flexible working-capital funding and a steadier financial base while it pursues business expansion. The money matters, but the strings attached matter more.
| Feature | Detail |
|---|---|
| Lender | Resona Bank |
| Size | ¥500mn |
| Renewal date | June 30, 2026 |
| Term | One year |
| Security | Unsecured |
| Purpose | Working capital and financial-base stability as the company prepares for business expansion |
| Key covenants | Consolidated net assets must stay at 75% or more of the prior-year level, and consolidated operating profit must not fall into loss |
The renewed facility keeps two maintenance tests. At each reporting period-end after signing, Liberta must keep consolidated net assets at 75% or more of the prior-year level, and it must avoid an operating loss on its consolidated income statement. If either covenant is breached and the lender makes a demand, the company says it would lose the benefit of term. In other words, access to committed funding stays tied to routine balance-sheet and earnings checkpoints. The filing does not disclose how much of the line is currently drawn.
Separately, Liberta said on the same day that it signed an unsecured ¥500mn working-capital loan with Resona, due on Dec. 30, under a March 2022 commitment-line arrangement and subject to the same covenant package. Management said the impact on consolidated results should be minor.