¥1.3 Billion Borrowing as a Precaution Against COVID-19
First written in FY2020. 5 of 9 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2024.
10 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The Company had entered into commitment line agreements with 5 major financial institutions to secure stable and flexible financing for future business needs, but these agreements had been cancelled as of the end of the consolidated fiscal year.」
The former ¥1 billion commitment line agreement had been cancelled as of the end of the year. - FY2024-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 25 September 2023, the company entered into a syndicated loan agreement in the form of a term loan on 29 September 2023 and drew down the loan, for the purpose of establishing a stable and flexible funding structure for its business operations and securing working capital as on-hand liquidity.」
For the purpose of establishing a stable and flexible funding structure and securing on-hand liquidity, the company drew down a ¥500 million unsecured syndicated term loan on 29 September 2023. - FY2023AdvancedAnnual report
「The undrawn balance and other matters relating to the commitment line agreement at the end of the consolidated fiscal year were as follows. Total commitment lines: ¥1,000 million. Drawn balance: ¥500 million. Undrawn amount: ¥500 million.」
For the commitment line, the company had drawn ¥500 million of the total ¥1 billion, leaving an undrawn amount of ¥500 million at the end of the fiscal year. - FY2023-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 27 September 2022, and in light of the impact of COVID-19 on the business, the company entered into an agreement to execute a syndicated commitment line in the form of a term loan, for the purpose of securing working capital as on-hand liquidity and establishing a stable and flexible capital-raising structure, and drew down the loan on 30 September 2022.」
As a precaution against the impact of the pandemic on the business, the company drew down a ¥500 million unsecured syndicated term loan on 30 September after the reporting period, securing on-hand liquidity. - FY2021RestatedAnnual report
「To ensure stable and flexible funding for the funding needs arising from future business development, we have entered into commitment line agreements totaling ¥1 billion with 6 major financial institutions.」
The company continues to maintain commitment lines totaling ¥1 billion with 6 banks as a stable and flexible funding structure to prepare for the pandemic and other risks. - FY2021-Q3RestatedAnnual report
「The purpose is to establish a stable and flexible funding structure in light of the impact of COVID-19 on the business. Commitment amount ¥1 billion Contract date 30 September 2020 Term 1 year Collateral Unsecured」
The company continues to disclose an unsecured commitment line agreement with a commitment amount of ¥1 billion and a 1-year term as a precaution against the impact of the pandemic on the business. - FY2021-Q2AdvancedAnnual report
「The purpose is to establish a stable and flexible funding structure in light of the impact of COVID-19 on the business.」
As a precaution against the impact of COVID-19, the company entered into an unsecured commitment line agreement on 30 September 2020, with a commitment amount of ¥1 billion and a 1-year term. - FY2021-Q1AdvancedAnnual report
「Total liabilities increased by ¥1.261 billion from the end of the previous consolidated fiscal year to ¥4.235 billion, mainly due to a ¥1.211 billion increase in long-term borrowings.」
The borrowings disclosed in the previous fiscal year as a precaution against COVID-19 were reflected in the financial position as an increase in long-term borrowings at the end of the current quarter. - FY2020First statedAnnual report
「We have borrowed funds as follows to prepare for unforeseen circumstances arising from the impact of COVID-19.」
From April through May 2020, the company borrowed a total of ¥1.3 billion from multiple financial institutions on an unsecured and unguaranteed basis to prepare funds for the impact of the pandemic. The repayment deadlines ranged from April 2024 to May 2025.