Japan Retail Investment (JP:8953) has released an update.
Japan Metropolitan Fund Investment Corporation has secured new refinancing terms with lower interest rates than previously forecasted, which is expected to increase profits by reducing non-operating expenses. The impact on the immediate February 2025 fiscal period is considered minor, with detailed forecasts available in a separate press release. The loans from MUFG Bank and Development Bank of Japan Inc. total ¥3.3 billion with fixed interest rates under 1% and a 7-year repayment period.
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