Parent-Company Borrowings and Liquidity Preservation in Response to COVID-19
First written in FY2020. 4 of 10 entries say "Restated". Latest entry: FY2026.
10 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「We generally fund this working capital and investment capital through operating cash flow, while obtaining financing as necessary.」
There is no longer any specific disclosure of a borrowing facility or parent-subsidiary loan from DD Group as a response to COVID-19. The general financing policy remains disclosed. - FY2024-Q3RestatedAnnual report
「In terms of financing, we are promoting financing centered on parent-subsidiary loans and other arrangements with DD Group, our parent company, as the lender, thereby securing liquidity. We have sufficient working capital for the foreseeable future.」
The company continued its policy of securing liquidity through financing centered on parent-subsidiary loans and other arrangements from its parent company, DD Group. - FY2024-Q2RestatedAnnual report
「In terms of financing, we are promoting financing centered on parent-subsidiary loans and other arrangements with DD Group, our parent company, as the lender, thereby securing liquidity. We have sufficient working capital for the foreseeable future.」
The company continued its policy of securing working capital for the foreseeable future through financing centered on parent-subsidiary loans and other arrangements from DD Group. - FY2023AdvancedAnnual report
「Fiscal year from 1 March 2022 to 28 February 2023 Parent company DD Holdings Co., Ltd. Borrowings ¥60 million Short-term borrowings: ¥60 million」
The company drew down ¥60 million in short-term borrowings from its parent company, DD Holdings, and continued financing through parent-subsidiary loans to secure liquidity. - FY2022MitigatedAnnual report
「Current liabilities decreased by ¥1,173 million from the end of the previous fiscal year to ¥616 million. This was mainly due to a ¥1,054 million decrease in short-term borrowings resulting from the contribution in kind of loan receivables held by DD Holdings Co., Ltd., our parent company, against the company, constituting a debt-to-equity swap (DES), and partial repayment and other factors.」
Regarding borrowings from the parent company, short-term borrowings decreased by ¥1,054 million due to the conversion of ¥800 million of debt into equity through a DES and the repayment of ¥250 million in short-term borrowings, among other factors. - FY2022-Q3RestatedAnnual report
「While monitoring our future financial position, we are promoting financing centered on parent-subsidiary loans and other arrangements with DD Holdings Co., Ltd., our parent company, as the lender, thereby securing liquidity. We have sufficient working capital for the foreseeable future and have determined that there is no material uncertainty regarding the going concern assumption.」
The company continued its policy of securing liquidity through financing centered on parent-subsidiary loans and other arrangements from DD Holdings. - FY2022-Q2RestatedAnnual report
「While monitoring our future financial position, we are promoting financing centered on parent-subsidiary loans and other arrangements with DD Holdings Co., Ltd., our parent company, as the lender, thereby securing liquidity. We have sufficient working capital for the foreseeable future and have determined that there is no material uncertainty regarding the going concern assumption.」
The company continued its policy of securing liquidity through financing centered on parent-subsidiary loans and other arrangements from DD Holdings. During the quarter, it repaid ¥150 million in short-term borrowings. - FY2021AdvancedAnnual report
「While monitoring our future financial position, we are promoting financing centered on parent-subsidiary loans and other arrangements with DD Holdings Co., Ltd., our parent company, as the lender, thereby securing liquidity. We have sufficient working capital for the foreseeable future and have determined that there is no material uncertainty regarding the going concern assumption.」
The company continued promoting financing centered on borrowings from its parent company, borrowing ¥900 million from the parent company during the fiscal year, and had short-term borrowings of ¥1,054 million at the fiscal year-end. - FY2021-Q1AdvancedAnnual report
「The company established an ¥800 million borrowing facility with DD Holdings Co., Ltd., its parent company, as the lender, and borrowed ¥600 million from DDHD during the cumulative first-quarter period.」
Following the establishment of the borrowing facility disclosed previously, the company actually borrowed ¥600 million from DDHD during the first quarter. Measures to secure liquidity in response to COVID-19 progressed to the execution stage. - FY2020First statedAnnual report
「We established a borrowing facility of up to ¥800 million from that date onward, with DD Holdings Co., Ltd. as the lender, and drew down funds as follows. Borrowing amount: ¥400 million Drawdown date: 17 April 2020 Final repayment date: 31 July 2020」
In response to the impact of COVID-19 on the business, the company began borrowing ¥400 million from its parent company and establishing a borrowing facility of up to ¥800 million to maintain ample liquidity.