Yahagi Construction (1870) · InitiativeAchieved
Ending bill payments to subcontractors and moving to full cash payment
First written in FY2024-Q3. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Transition to Bank Transfers following the Discontinuation of Certain Promissory NotesA theme 3 companies write about · 3 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Achieved".
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Full recordFilings, disclosures and news, newest first
- FY2024AchievedAnnual report
「“Notes and construction payables,” which had previously been presented under current liabilities, are presented as “construction payables” from the current consolidated fiscal year because bill-of-exchange payments have been discontinued and are not expected to arise in the future.」
In connection with the discontinuation of bill-of-exchange payments to partner companies and the transition to full cash payments, the company disclosed that bill-of-exchange payments had been discontinued and were no longer expected to arise in the future. - FY2024-Q3First statedAnnual report
「On 16 January 2024, we entered into a syndicated term loan agreement with our lending financial institutions, with a total principal amount of ¥5,000 million, to raise funds through our first-ever social loan.」
The company has newly disclosed an initiative to raise the additional working capital required to discontinue bill-of-exchange payments to all partner companies and transition to full cash payments through its first-ever social loan, a syndicated term loan with a total principal amount of ¥5 billion and a three-year term.