Securing Funding for New Store Openings and Equipment Upgrades through a Committed Credit Facility
First written in FY2018-Q2. 4 of 15 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026-H1.
TETSUJIN Holdings moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 2 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「This agreement is intended to fund working capital. Facility amount: ¥600 million (borrowing limit) Agreement date: 31 March 2026 Commitment period: 31 March 2026 to 31 March 2028」
The company changed from the previous agreement for new store openings, renovations and repayment of existing borrowings to a ¥600 million committed credit facility for working capital. The facility also includes financial covenants. - 2026-03-19ReframedOccurring Fact
「This agreement will be implemented for business working capital.」
The renewal agreement for the commitment line specifies a borrowing limit of ¥600 million and a contract period from 31 March 2026 to 31 March 2028. Unlike the previous purposes of funding new store openings and equipment upgrades and making early repayments of existing borrowings, the purpose this time is business working capital. - FY2024-Q3Drawdown under a committed credit facility to repay existing borrowingsAnnual report
「Borrowing amount: ¥600 million」
Separately from the ¥500 million term loan for new store openings and renovations, the company drew down ¥600 million under a committed credit facility to make early repayment of part of its existing borrowings. - FY2024-Q2ReframedAnnual report
「This agreement is intended to fund the opening and renovation of stores operated by subsidiaries. Facility amount: ¥500 million; drawdown period: 5 April 2024 to 31 March 2025 (scheduled)」
Separately from the former committed credit facility, which had already ended, a ¥500 million term loan with staggered drawdowns from April 2024 through March 2025 was established to fund the opening and renovation of subsidiary stores. - FY2022DroppedAnnual report
「We had maintained a committed credit facility through March 2022, but as the agreement has already ended, there was no applicable amount at the end of the current consolidated fiscal year.」
The ¥700 million committed credit facility ended by March 2022, leaving no undrawn balance at the end of the fiscal year. - FY2022-Q2RestatedAnnual report
「Total committed credit facility: ¥700,000 thousand; drawn balance: —; undrawn balance: ¥700,000 thousand」
The ¥700 million committed credit facility remained fully undrawn at the end of the quarter. - FY2021-Q3Committed credit facility fully undrawnAnnual report
「Total committed credit facility: ¥700,000 thousand; drawn balance: —; undrawn balance: ¥700,000 thousand」
Against the total committed credit facility of ¥700 million, there was no drawn balance at the end of the quarter, leaving an undrawn balance of ¥700 million. - FY2021-Q1RaisedAnnual report
「In October 2020, we entered into a new committed credit facility arranged through a syndicated structure with 2 banks.」
In addition to the existing ¥100 million committed credit facility, the company entered into a new facility arranged through a syndicated structure with 2 banks in October 2020, bringing the total facility amount to ¥700 million and the undrawn balance to ¥600 million. - FY2020-Q3ReframedAnnual report
「The committed credit facility entered into in March 2018 was cancelled during the third quarter of the current consolidated accounting period, and a new committed credit facility was entered into in March 2020. The new facility includes financial covenants requiring consolidated net assets or ordinary profit to remain above specified amounts from the consolidated fiscal year ending August 2019 onward.」
The existing ¥500 million committed credit facility was cancelled and changed in March 2020 to a new facility with a total amount and drawn balance of ¥100 million. - FY2020-Q2AdvancedAnnual report
「Total committed credit facility: ¥500 million; drawn balance: ¥400 million; undrawn balance: ¥100 million」
The drawn balance under the committed credit facility for new store openings, store renovations and system investment increased from ¥60 million to ¥400 million, leaving an undrawn balance of ¥100 million. - FY2019-Q3AdvancedAnnual report
「During the third quarter of the current consolidated cumulative period, we borrowed ¥60 million through the committed credit facility with financial institutions to secure liquidity, and executed ¥67 million in lease transactions to diversify our funding sources.」
The company borrowed ¥60 million under the committed credit facility and executed ¥67 million in lease transactions, thereby diversifying its funding sources. - FY2019-Q2AdvancedAnnual report
「The borrowings of ¥100 million each drawn down during the first quarter and the second quarter of the current consolidated accounting period were fully repaid during the second quarter of the current consolidated accounting period.」
Under the committed credit facility, ¥100 million was drawn in each of the first and second quarters and fully repaid during the second quarter. - FY2019-Q1AdvancedAnnual report
「During the first quarter of the current consolidated cumulative period, we borrowed ¥100 million through the committed credit facility entered into with financial institutions to fund the opening and renovation of karaoke stores.」
The company drew down ¥100 million under the committed credit facility to fund new store openings and renovations. - FY2018-Q3RestatedAnnual report
「We entered into the committed credit facility agreement described below to raise funds for business growth.」
The company continues to maintain a committed credit facility with a borrowing limit of ¥500 million, to be used for new store openings, renovations and format conversions of existing stores, and system upgrade costs. - FY2018-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 30 March 2018, we resolved to enter into the committed credit facility agreement described below to raise funds for business growth.」
The borrowing limit is ¥500 million, and the commitment period runs from 30 March 2018 to 31 March 2020. The stated uses of funds are new store openings, renovations or format conversions of existing stores, and system upgrades.