Flexible Funding Framework Through Commitment Lines
First written in FY2021-Q1. 5 of 13 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2027-H1.
Horiifoodservice moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
9 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total overdraft limit and commitment line agreements: ¥2,000 million Drawn borrowings: ¥1,300 million Undrawn capacity: ¥700 million」
While total commitments remained at ¥2,000 million, drawn borrowings declined from ¥1,400 million to ¥1,300 million and undrawn capacity increased from ¥600 million to ¥700 million. - FY2026-H1WorsenedAnnual report
「Total overdraft limit and commitment line agreements: ¥2,000 million Drawn borrowings: ¥1,400 million Undrawn capacity: ¥600 million」
Total commitments under the commitment line and other facilities declined from ¥2,100 million at the end of the previous consolidated fiscal year to ¥2,000 million, while drawn borrowings declined from ¥1,500 million to ¥1,400 million. Undrawn capacity was maintained at ¥600 million. - FY2024-Q3WorsenedAnnual report
「Total overdraft limit and commitment line agreements ¥2,400 million ¥2,100 million Drawn borrowings ¥1,500 million ¥1,500 million Undrawn capacity ¥900 million ¥600 million」
Drawn borrowings remained at ¥1,500 million, while total commitments declined from ¥2,400 million to ¥2,100 million and undrawn capacity declined from ¥900 million to ¥600 million. - FY2024-Q1RestatedAnnual report
「As part of our funding plan and in preparation for unforeseeable events during the period, we entered into a commitment line agreement with a financial institution in February 2023.」
The commitment line agreement for unforeseeable funding needs remains in place, with total commitments of ¥2,400 million, drawn borrowings of ¥1,500 million, and undrawn capacity of ¥900 million maintained. - FY2023AdvancedAnnual report
「As part of our funding plan and in preparation for unforeseeable events during the period, we entered into a commitment line agreement with a financial institution in February 2023, as stipulated in the overdraft and commitment line agreements.」
The company entered into a commitment line agreement with a financial institution in February 2023 to prepare for unforeseeable funding needs, including those arising from infectious diseases. - FY2023-Q3RestatedAnnual report
「In terms of funding, we entered into a 2-year commitment line agreement with our relationship financial institutions in February 2021, enabling us to secure sufficient working capital even if an unforeseen event occurs. The agreement is scheduled for renewal in February of the current year.」
The structure for securing working capital through the 2-year commitment line agreement remains in place, and the agreement is scheduled to be renewed in February of the current year. - FY2023-Q2RestatedAnnual report
「Total overdraft limit and commitment line agreements: ¥2,400 million Drawn borrowings: ¥1,500 million Undrawn capacity: ¥900 million」
The funding structure, comprising total commitments of ¥2,400 million under the commitment line and other facilities, drawn borrowings of ¥1,500 million, and undrawn capacity of ¥900 million, has been maintained unchanged since the end of the previous fiscal year. - FY2022-Q2AdvancedAnnual report
「Total overdraft limit and commitment line agreements: ¥2,400 million Drawn borrowings: ¥1,500 million Undrawn capacity: ¥900 million」
Against total commitments of ¥2,400 million under the commitment line and other facilities, drawn borrowings increased from ¥500 million at the end of the previous fiscal year to ¥1,500 million, leaving ¥900 million available for drawdown. - FY2022-Q1AdvancedAnnual report
「Total overdraft limit and commitment line agreements: ¥2,400 million Drawn borrowings: ¥1,000 million Undrawn capacity: ¥1,400 million」
Drawn borrowings at the end of the first quarter were ¥1,000 million, up from ¥500 million at the end of the previous fiscal year. Of the total ¥2,400 million in commitments, ¥1,400 million remained available for drawdown. - FY2021RestatedAnnual report
「In terms of funding, we renewed in February 2021 the commitment line agreement with our relationship financial institutions that we had entered into in mid-May 2020, extending and renewing it for a new 2-year term. This enables us to secure sufficient working capital even if an unforeseen event occurs.」
The 2-year commitment line agreement was renewed, maintaining a structure for securing working capital in preparation for unforeseen events such as infectious diseases. - FY2021-Q3AdvancedAnnual report
「In terms of funding, we also renewed the existing commitment line agreement, entered into a new 2-year agreement, and established a structure that enables us to secure ample funding quickly and flexibly.」
The previous commitment line agreement was renewed and a new 2-year agreement was signed. The funding structure for the pandemic was renewed and maintained. - FY2021-Q2AdvancedAnnual report
「The undrawn borrowing capacity at the end of the second quarter accounting period was as follows: Total overdraft limit and commitment line agreements: ¥2,400 million Drawn borrowings: ¥500 million Undrawn capacity: ¥1,900 million」
The company drew ¥500 million under its commitment line and other facilities. Of the total ¥2,400 million in commitments, ¥1,900 million remained available for drawdown. - FY2021-Q1First statedAnnual report
「In terms of funding, we have also entered into a commitment line agreement and established a structure that enables us to secure ample funding quickly and flexibly.」
As part of its working-capital funding structure, the company increased the combined amount of its overdraft and commitment line agreements from ¥600 million to ¥2,600 million, drew ¥300 million, and secured ¥2,300 million of undrawn capacity.