Toyobo Co., Ltd. Announces Notice Regarding Early Repayment of Subordinated Loan
March 23, 2023 at 03:00 am EDT
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Toyobo Co., Ltd. announces that it decided to make an early repayment of the subordinated loan financed in March 2018 on March 27, 2023. The total amount of the Subordinated Loan is JPY 15.0 billion . Toyobo aimed to maintain its financial stability by financing the Subordinated Loan for an early repayment of the subordinated loan financed in March 2014.
On the other hand, Toyobo strived to strengthen its financial base and grow business by formulating 2018 Medium-Term Management Plan in May 2018 and 2025 Medium-Term Management Plan in May 2022. As a result, since Toyobo satisfied the exception 1 and 2 of replacement clause listed in 2. Toyobo makes an early repayment by its own capital and borrowings. The impact of the Early Repayment on Toyobo's consolidated business performance of fiscal year ending March 2023 is minor.
The consolidated shareholder's equity is JPY 164.4 billion and D/E ratio is 0.99 as of December 31, 2022. Loan amount JPY 15.0 billion Signing date; March 20, 2018 Loan execution date Match 26, 2018 Final repayment date March 28, 2078 However, Toyobo may make early repayment of all or part of the principal of the Subordinated Loan on any interest payment date thereafter March 2023.
Toyobo Co Ltd is a Japan-based company mainly engaged in the film and functional resin business, industrial material business, and textile and commerce business. It has five business segments. Film and Functional Resin segment manufactures, processes and sells packaging films, industrial films, industrial adhesives, engineering plastics and optical functional materials. Industrial Materials segment manufactures, processes and sells automotive fiber materials, super fibers, non-woven fabrics. Textile and Trading segment manufactures and sells functional clothing, apparel products, clothing textiles, and clothing fibers. Healthcare segment manufactures, processes and sells bio products, pharmaceuticals, medical membranes, medical devices, aqua membranes, and functional filters. It is also engaged in the assembly and sale of seawater desalination modules. The Real Estate segment sells, rents and manages movables. It also designs and constructs buildings and machinery and sells equipment.
TOYOBO CO., LTD. 
