Securing Liquidity Through Asset Sales and an Overdraft Facility
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2024.
24 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「We held ¥6.6 billion in cash and cash equivalents at the end of the current consolidated fiscal year and had entered into overdraft agreements with financial institutions to obtain working capital flexibly. Accordingly, we believe that sufficient funding and liquidity have been secured.」
The disclosure cites ¥6.6 billion in cash and cash equivalents and overdraft facilities as the basis for securing funding and liquidity. - FY2022AdvancedAnnual report
「During the current consolidated fiscal year, as part of efforts in the housing business to use management resources efficiently, strengthen our financial position and pursue a sustainable growth strategy by securing cash on hand, we transferred fixed assets owned as solar power generation facilities on 31 October 2022. As a result of the transfer, we recognized a ¥338 million gain on the sale of fixed assets as extraordinary income during the current consolidated fiscal year. The facilities continue to be used under lease after the transfer.」
As a measure to secure cash on hand and strengthen the financial position, solar power generation facilities were transferred and a ¥338 million gain on sale was recognized. The facilities continue to be used after the transfer. - FY2021AdvancedAnnual report
「We held ¥5.3 billion in cash and cash equivalents at the end of the current consolidated fiscal year and had entered into overdraft agreements with financial institutions to obtain working capital flexibly. Accordingly, we believe that sufficient funding and liquidity have been secured.」
The disclosure cites ¥5.3 billion in cash and cash equivalents and overdraft facilities as the basis for securing funding and liquidity. - FY2020First statedAnnual report
「As part of our financial strategy, in preparation for the prolonged impact of the spread of COVID-19, we worked to strengthen our financial base by increasing on-hand liquidity through the sale of assets and other measures, while securing funds for the time being within the limits of overdraft facilities arranged with financial institutions for normal working capital needs.」
The disclosure outlines financial measures to secure on-hand liquidity and working capital through asset sales and overdraft facilities in preparation for the prolonged impact of the infection.