2 stories mentioning TYO:141AUpdated 53m ago
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Trial's (TYO:141A) same-store sales in July gained 4% year on year, according to a Monday filing on the Tokyo Stock Exchange.The discount retailer said average spending per shopper rose 1.9%, while customer count rose 2% in July.All-store sales jumped 10.6% year-over-year during the month.The number of stores stood at 380 after the opening of two new outlets.
Trial (TYO:141A) has finalized a syndicated term loan agreement with MUFG Bank as arranger to refinance the 317.4 billion yen bridge loan used for its July 2025 acquisition of Seiyu, according to a Tokyo bourse filing on Wednesday.The new facility consists of a 317.4 billion yen term loan and an additional 50 billion yen tranche, both with 10-year repayment periods and unsecured terms, featuring equal quarterly principal repayments starting in September.The agreement includes financial covenants requiring net assets to remain above 75% of the previous fiscal year's level and prohibiting operating losses for two consecutive periods.The company expects to record approximately 5.5 billion yen in arrangement fees as non-operating expenses for fiscal 2026, though this has already been factored into its earnings forecast, with plans to hedge interest rate risks through swap transactions.
