Funding Working Capital and Capital Expenditure with Internal Funds and Bank Borrowings
First written in FY2018. 3 of 9 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2023-Q2.
1 other company's latest entry also says "Softened".
- FY2023-Q2SoftenedAnnual report
「The Group had entered into overdraft agreements with 6 lending banks, with total overdraft facilities of ¥9,500 million, to secure flexible and stable funding in preparation for the spread of COVID-19 and unforeseen circumstances, but had terminated these agreements as of the end of the current second-quarter accounting period. In addition, the Group has entered into overdraft agreements with 4 lending banks to efficiently procure working capital and other funds, and the undrawn portions and other details under these agreements are as follows.」
The overdraft agreements with 6 banks and total facilities of ¥9,500 million entered into as a precaution against COVID-19 were terminated. The Group continues to maintain agreements with 4 banks, but total overdraft facilities contracted from ¥10,160 million to ¥760 million, and borrowings drawn from ¥2,150 million to ¥100 million. - FY2023-Q1Increase in overdraft facilities and borrowings drawnAnnual report
「Total overdraft facilities ¥10,160 million ¥10,160 million Borrowings drawn 2,150,000 2,150,000 Available balance 8,010,000 8,010,000」
Total overdraft facilities amounted to ¥10,160 million and borrowings drawn to ¥2,150 million. Both increased from the previously reported facilities of ¥10,100 million and borrowings drawn of ¥2,100 million. - FY2021RestatedAnnual report
「The company entered into overdraft agreements with 6 lending banks, with total overdraft facilities of ¥9,500 million, to secure flexible and stable funding in preparation for the spread of COVID-19 and unforeseen circumstances.」
The company continues to fund operations through internal funds and borrowings from financial institutions and maintains overdraft agreements with total facilities of ¥9,500 million. Borrowings drawn amounted to ¥2,100 million. - FY2021-Q3Increase in borrowings drawn and decrease in long-term borrowingsAnnual report
「Total overdraft facilities ¥10,100 million ¥10,100 million Borrowings drawn 2,000,000 2,100,000」
While total overdraft facilities remained unchanged at ¥10,100 million, borrowings drawn increased from ¥2,000 million to ¥2,100 million. Long-term borrowings decreased by ¥748 million. - FY2021-Q2Increase in borrowings drawn and continued repayment of long-term borrowingsAnnual report
「Total overdraft facilities ¥10,100 million ¥10,100 million Borrowings drawn 2,000,000 2,100,000」
While total overdraft facilities remained unchanged at ¥10,100 million, borrowings drawn increased from ¥2,000 million to ¥2,100 million. The company repaid ¥516 million of long-term borrowings. - FY2020AdvancedAnnual report
「To prepare for the spread of COVID-19 and unforeseen circumstances, the company entered into overdraft agreements with 6 banks during the current fiscal year, with total overdraft facilities of ¥9,500 million, to secure flexible and stable funding.」
The company entered into new agreements with 6 banks for overdraft facilities of ¥9,500 million. Including existing agreements, total facilities amounted to ¥10,100 million, and borrowings drawn amounted to ¥2,000 million. - FY2020-Q3AdvancedAnnual report
「This was mainly due to decreases of ¥861 million in accounts payable, ¥322 million in accrued corporate taxes and other taxes, and ¥400 million in other current liabilities, respectively, and increases of ¥1,000 million in short-term borrowings and ¥680 million in long-term borrowings, respectively.」
The company reported specific funding results under its policy of using borrowings from financial institutions, with short-term borrowings increasing by ¥1,000 million and long-term borrowings by ¥680 million. - FY2020-Q2AdvancedAnnual report
「The purpose is to stabilize the management base by maintaining ample liquidity on hand in preparation for the spread and prolonged impact of COVID-19.」
In addition to its existing funding policy based on borrowings from financial institutions, the company entered into overdraft agreements with 5 lending institutions, providing total overdraft facilities of ¥9,000 million, to address the spread and prolonged impact of COVID-19, and borrowed ¥1,100 million from 2 institutions. - FY2018First statedAnnual report
「We fund working capital and capital expenditure with internal funds or borrowings from financial institutions.」
Newly states the funding policy of financing working capital and capital expenditure with internal funds or borrowings from financial institutions.