Enhancing funding liquidity through overdraft facilities
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2021.
40 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In addition to sufficient surplus funds, we have established overdraft facilities totaling ¥2,500 million with domestic financial institutions to supplement the liquidity of our group.」
The overdraft facilities were expanded from ¥2,000 million in total in the previous fiscal year to ¥2,500 million, strengthening the mechanism for supplementing liquidity. - FY2020RestatedAnnual report
「In addition to sufficient surplus funds, we have established overdraft facilities totaling ¥2,000 million with domestic financial institutions to supplement the liquidity of our group.」
The policy of supplementing liquidity with sufficient surplus funds and ¥2,000 million in overdraft facilities remains in place. - FY2019First statedAnnual report
「Funding is provided mainly by cash generated from operating activities, with short- or long-term borrowings arranged as necessary. At the end of the current consolidated fiscal year, interest-bearing debt, including borrowings and lease obligations, amounted to ¥4,728 million, while cash and cash equivalents amounted to ¥5,055 million. In addition to sufficient surplus funds, we have established overdraft facilities totaling ¥2,000 million with domestic financial institutions to supplement the liquidity of our group.」
The company describes a funding structure that relies primarily on cash from operating activities and supplements liquidity through borrowings as necessary and overdraft facilities totaling ¥2,000 million with domestic financial institutions.