Yamazen : Notice Regarding Conclusion of Commitment Line Contracts
August 20, 2020 at 09:23 pm EDT
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August 7, 2020
Company name: YAMAZEN CORPORATION Representative: Yuji NAGAO, President, CEO (Code No. 8051; The first section of Tokyo Stock Exchange) Inquiries: Hayato HIRATA, Manager, IR & PR Dept.
TEL 06-6534-3095
Notice Regarding Conclusion of Commitment Line Contracts
YAMAZEN CORPORATION (the "Company") hereby announces that it has entered into commitment line contracts as described below.
1. Purpose of the commitment line contracts
The Company has entered into these contracts to provide a backup line of credit for the purpose of securing a flexible and stable means of financing and operating stable management over the medium to long term amid the great changes occurring in the economy and society due to the impact of the spread of the novel coronavirus disease (COVID-19).
2. Outline of the commitment line contracts
(i) Lenders
Mizuho Bank, Ltd., Resona Bank, Limited, Sumitomo Mitsui Banking
Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(ii) Maximum loan amount
20.0 billion yen
(iii) Date of contracts
July 2020
(iv) Term of contracts
1 year
(v) Form of contracts
Execution of bilateral commitment line contracts with each lender
(vi) Security
Unsecured and non-guaranteed
3. Future outlook
The effect of this conclusion of commitment line contracts on the Company's consolidated performance for the fiscal year ending March 31, 2021 is immaterial.
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YAMAZEN Corporation published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 01:23:04 UTC
YAMAZEN CORPORATION is a Japan-based company engaged in the sale of production goods, home building materials and household equipment products. The Company operates in three business segments. The Production Goods segment provides the machinery business and kiko business. The machinery business is engaged in the sale, import and export of machine tools, forging and sheet metal machines, machine tool peripherals. The kiko business is engaged in the sale, import and export of materials handling, mechatronics, environmental improvement equipment, cutting tools, steel processing machinery, air conditioning equipment. The Housing segment is engaged in the sale of kitchen appliances, cooking appliances, bathroom appliances, wash basins. The Household Equipment segment is engaged in the plan, development and sale of home appliances, interior goods, leisure and sports goods, pet supplies, gardening goods. The Company also provides event planning, travel mediation, storage business.
YAMAZEN CORPORATION 
