Securing Cash on Hand in Preparation for the COVID-19 Outbreak
First written in FY2020-Q3. 3 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
Eternal Hospitality Group moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
2 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「As of the end of the consolidated fiscal year, the total commitment lines entered into by the Group amounted to ¥1,500 million (undrawn amount: ¥1,500 million).」
The undrawn commitment line was reduced from ¥4,500 million in the previous fiscal year to ¥1,500 million. - FY2023RestatedAnnual report
「As of the end of the consolidated fiscal year, the total amount of commitment line agreements entered into by our group was ¥4.5 billion, of which ¥4.5 billion remained undrawn.」
As a liquidity measure to prepare for unforeseen events such as infectious disease outbreaks, the Company maintains a ¥4,500 million undrawn commitment line. - FY2022AdvancedAnnual report
「As of the end of the consolidated fiscal year, the total amount of commitment line agreements entered into by our group was ¥4.5 billion, of which ¥4.5 billion remained undrawn.」
As a liquidity measure in preparation for a pandemic, the company secured ¥4.5 billion under commitment lines, all of which remained undrawn. The available capacity increased from ¥3 billion described in the previous fiscal year. - FY2021AdvancedAnnual report
「During the consolidated fiscal year, in response to the spread of COVID-19, we used the Development Bank of Japan's enhanced support for businesses including food-service and lodging operators to borrow ¥3 billion and repay existing borrowings, thereby extending the borrowing period by 1 year. We also entered into commitment line agreements totalling ¥3 billion with financial institutions, of which ¥3 billion remained undrawn.」
The company borrowed ¥3 billion, repaid existing borrowings and extended the borrowing period by 1 year, and also entered into a ¥3 billion commitment line. - FY2020AdvancedAnnual report
「During the fiscal year, in response to the spread of COVID-19, we secured ¥6.5 billion in working capital through borrowings from multiple financial institutions to stabilise our financial base. We also entered into commitment line agreements totalling ¥4 billion with multiple financial institutions, of which ¥4 billion remained undrawn.」
In addition to the financing described through the previous quarter, the company secured ¥6.5 billion in working capital from multiple financial institutions for the full fiscal year and entered into commitment line agreements. - FY2020-Q3First statedAnnual report
「During the nine-month period, we raised an additional ¥2,500,000 thousand to secure cash on hand in preparation for the uncertain outlook resulting from the global spread of COVID-19.」
To address the uncertain outlook caused by COVID-19, the company raised ¥2.5 billion to secure cash on hand.