Reducing working capital funding costs through a ¥50 billion commitment line
First written in FY2019-Q2. 5 of 9 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
63 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Total lending commitments ¥50,000 million Borrowings drawn —」
The Company maintained the ¥50 billion commitment line and reconfirmed that year-end borrowings drawn were zero. - FY2024AdvancedAnnual report
「Total lending commitments ¥50,000 million Borrowings drawn —」
The Company disclosed that borrowings drawn at the end of the current consolidated fiscal year were zero while maintaining the ¥50 billion commitment line. - FY2022RestatedAnnual report
「To obtain working capital efficiently, the Company has entered into lending commitment agreements with 8 transaction banks. At the end of the consolidated fiscal year, the total lending commitments under these agreements were ¥50,000 million, while borrowings drawn amounted to ¥8,000 million.」
The Company maintained the ¥50 billion commitment line and disclosed year-end borrowings drawn of ¥8,000 million. - FY2020AdvancedAnnual report
「To obtain working capital efficiently, the Company has entered into lending commitment agreements with 8 transaction banks. At the end of the consolidated fiscal year, the total lending commitments under these agreements were ¥50,000 million, while borrowings drawn amounted to ¥8,000 million.」
The Company maintained the ¥50 billion commitment line and disclosed borrowings drawn of ¥8,000 million at year-end. It also stated that the ordinary profit margin was 1.27%, due in part to lower interest expense. - FY2020-Q3AdvancedAnnual report
「Ordinary profit was ¥7,940 million, up 9.0% year on year, and the ordinary profit margin was 1.32%, as arrangement fees for the commitment line and other facilities recorded as non-operating expenses in the same period of the previous year were not recorded in the first nine months of the current consolidated fiscal year, while interest expense also declined.」
As arrangement fees for the commitment line and other facilities were not recorded in the current period and interest expense also declined, ordinary profit increased 9.0% year on year. - FY2020-Q2AdvancedAnnual report
「Ordinary profit was ¥5,403 million, up 15.6% year on year, and the ordinary profit margin was 1.33%. Arrangement fees for the commitment line and other facilities, recorded as non-operating expenses in the same period of the previous year, were not recorded in the six months ended 30 September, and interest expense also declined.」
As arrangement fees for the commitment line and other facilities were not recorded in the current period and interest expense also declined, ordinary profit increased 15.6% year on year. - FY2020-Q1AdvancedAnnual report
「Ordinary profit increased 5.6% year on year to an ordinary profit margin of 1.38%, as the ¥100 million arrangement fee for the commitment line recorded as a non-operating expense in the same period of the previous year was not recorded in the first quarter of the current consolidated fiscal year, and interest expense declined following the establishment of the commitment line.」
The Company stated that ordinary profit increased 5.6% year on year, as the ¥100 million arrangement fee recorded in the same period of the previous year was absent and interest expense also declined following the establishment of the ¥50 billion commitment line. - FY2019-Q3RestatedAnnual report
「Ordinary profit declined due to the impact of recording the upfront fee for the ¥50 billion commitment line established to secure the working capital required as sales increase on a more stable basis and under more favorable terms in the first quarter of the consolidated fiscal year. However, because financing costs will be lower than before, the measure will have no impact on earnings for the full year and will lead to cost reductions over the medium to long term.」
The Company has reiterated the impact of the initial fee for the ¥50 billion commitment line on the current period's profit, as well as the resulting reductions in funding costs and medium- to long-term expenses. - FY2019-Q2First statedAnnual report
「The Company recorded an initial fee for the ¥50 billion commitment line in the first quarter of the consolidated fiscal year. As a result, profit declined, but because the line reduces funding costs from previous levels, it will have no impact on full-year earnings and will lead to cost savings over the medium to long term. The line was established to enable the Company to raise the working capital required as sales increase in the future more steadily and on more advantageous terms.」
The Company established a ¥50 billion commitment line to secure stable funding for working capital and recorded the initial fee. It also disclosed the resulting future reductions in funding costs and expenses.