Dependence on Committed Credit Lines With Financial Covenants
First written in FY2022-Q2. 1 of 3 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2023.
The whole theme swung hardest in 2025: 23 of 75 companies on the "Worse" side.
5 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「The Group procures the funds required under its business plans, which primarily involve manufacturing and selling seafood-based processed products, through bank borrowings.」
This report contains no specific disclosure confirming the previously stated dependence on commitment lines with 17 banks or on financial covenants. Funding through borrowings is disclosed separately. - FY2022-Q3WorsenedAnnual report
「The Company and its consolidated subsidiaries have entered into overdraft agreements and loan commitment line agreements with 17 banks to enable flexible and stable procurement of working capital.」
Drawn borrowings at the end of the third quarter were ¥7,857.500 million, and the net balance was ¥7,178.790 million. Drawn borrowings increased and undrawn capacity decreased from the end of the second quarter. The agreements continue to contain financial covenants. - FY2022-Q2First statedAnnual report
「The Company and its consolidated subsidiaries have entered into overdraft agreements and loan commitment line agreements with 17 banks to enable flexible and stable procurement of working capital. The undrawn amounts and other balances under these agreements at the end of the previous consolidated fiscal year and at the end of the second-quarter consolidated accounting period are as follows. The commitment line agreements contain financial covenants.」
The company uses overdraft and commitment line agreements with 17 banks. At the end of the second quarter, drawn borrowings were ¥5,415.727 million and undrawn amounts and other balances were ¥10,042.483 million. The agreements contain financial covenants.