Media Do Co., Ltd. (TSE: 3678) told the Tokyo Stock Exchange on August 26, 2026 that its board had approved a ¥12.4bn loan agreement carrying financial covenants. The digital-content distributor will draw the loan on September 4, 2026, and repay it by August 29, 2036, a term of roughly ten years.
| Feature | Detail |
|---|---|
| Principal | ¥12.4bn |
| Execution / draw date | September 4, 2026 |
| Maturity | August 29, 2036 |
| Lenders | Mizuho Bank, MUFG Bank, Resona Bank, Awa Bank, Tokushima Taisho Bank |
| Collateral | Unsecured |
| Covenant 1 | Maintain consolidated shareholders' equity at 75% or more of the year-earlier level |
| Covenant 2 | No consolidated ordinary loss for two consecutive fiscal periods |
Five banks are lenders on the facility: Mizuho Bank, MUFG Bank, Resona Bank, Awa Bank, and Tokushima Taisho Bank. The loan is unsecured.
The money replaces a short-term bridge loan Media Do took out to fund its acquisition of Seven Seas Entertainment, LLC, disclosed in March 2026. That deal made Seven Seas a consolidated subsidiary, and the borrowing announced days later covered the interim cash needed to close it. The new ten-year loan converts that short-term debt into long-term financing.
The agreement carries two financial covenants that run for the life of the loan. Media Do must keep its consolidated shareholders' equity at 75% or more of the year-earlier level, and it must avoid posting a consolidated ordinary loss for two consecutive fiscal periods.
Media Do said the impact on its consolidated results is minor and pledged to disclose further developments promptly.