Construction company Tobishima Corp. said Tuesday it has devised a new rehabilitation plan to cut its group interest-bearing debts of 135 billion yen by 50 billion yen over three years.
The plan features financial help from Fuji Bank.
Tobishima said that in parallel with the debt repayment plan, it will eliminate by March 31 88 billion yen in guarantee-related obligations for debts repayments by its group companies to 33 creditor financial institutions.