Premium Group Announces Auditor Nominations

Premium Group Co., Ltd. (JP:7199) has announced the nomination of candidates for auditors at its upcoming General Shareholders’ Meeting. The company plans to reappoint two auditors and introduce a new outside auditor, Yukari Narita, who has extensive finance and accounting experience. This decision aims to enhance the company's auditing capabilities and ensure independent oversight.

TABLE-Premium Group -2024/25 group results (IFRS)

Premium Group Unit Secures 18.5 Billion Yen from Major Lenders for Working Capital

Premium Group's consolidated subsidiary has secured a total of 18.5 billion yen from major lenders for working capital, according to its bourse filing on Tuesday. The loans carry fixed interest rates based on prevailing market conditions and a five-year repayment term. The borrowings, scheduled for execution on April 30, were provided by Aozora Bank (5 billion yen), Mizuho Bank (5 billion yen), Rakuten Bank (4.5 billion yen), and Sumitomo Mitsui Banking Corp. (4 billion yen).

Premium Group Plans 58.8% Emissions Reduction by 2034

Premium Group aims to cut greenhouse gas emissions by 58.8% by 2034 from 2023 levels, targeting carbon neutrality by 2050, according to a Friday filing on the Tokyo Stock Exchange. The company plans to achieve this by increasing the adoption of hybrid and electric vehicles, purchasing non-fossil fuel certificates, and using renewable energy sources such as biofuels.

Premium Group to Liquidate 7.3 Billion Yen Auto Credit Receivables

Premium Group said its subsidiary, Premium Co., will liquidate 7.3 billion yen in auto credit receivables through Aozora Bank's Positive Impact Finance program, according to a Friday filing on the Tokyo Stock Exchange. The move aims to reduce interest rate risks, optimize assets, and strengthen financial stability. The transaction is set for Feb.27.