Financing for construction of the new Saitama plant (provisional name)
First written in FY2017-Q1. 2 of 4 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2017.
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- FY2017AchievedAnnual report
「The Saitama No. 2 plant, dedicated to processed dairy products, was completed in March 2017 in Kuki, Saitama Prefecture.」
Construction of the Saitama No. 2 plant was completed. Capital investment during the fiscal year was ¥4,348 million, and ¥4,260 million in proceeds from long-term borrowings was also used to finance construction. - FY2017-Q3AdvancedAnnual report
「Total assets at the end of the third quarter of the current fiscal year were ¥37,581 million, up ¥7,060 million from the end of the previous consolidated fiscal year. Although cash and deposits, and buildings and structures declined, total assets increased because of increases in notes and accounts receivable, construction in progress, and raw materials and supplies.」
The increase in construction in progress was reported, indicating that construction of the new plant was under way. Completion and commencement of operations were not mentioned. - FY2017-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥1,613 million, compared with ¥107 million used in the same quarter of the previous year. This mainly reflected ¥1,596 million in spending to acquire property, plant and equipment, including partial payments for construction of the new plant and the installation of production equipment at existing plants. Net cash provided by financing activities was ¥980 million, compared with ¥723 million used in the same quarter of the previous year. This mainly reflected ¥1,600 million in proceeds from long-term borrowings.」
The Company made partial payments for construction of the new plant, indicating that construction was under way. It also raised ¥1,600 million through long-term borrowings. - FY2017-Q1First statedAnnual report
「The Company entered into the following loan agreement on 29 July 2016 to finance construction of the new Saitama plant (provisional name). Borrowing amount: ¥2,660 million Drawdown date: 30 December 2016 Repayment date: 10 September 2026」
The Company entered into a ¥2,660 million loan agreement to finance construction of the new Saitama plant. The filing confirms execution of the loan agreement but does not state that the plant had been completed or begun operations.