Flexible Development Financing through a Special Overdraft Facility Agreement
First written in FY2018. 6 of 8 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2025.
41 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Funds provided by financing activities during the consolidated fiscal year under review amounted to ¥1,415.853 million, compared with ¥242.563 million in proceeds in the previous corresponding period. This was primarily attributable to increases including ¥1,490.589 million in proceeds from long-term borrowings and ¥495.920 million in short-term borrowings, partly offset by decreases including ¥508.654 million in repayments of long-term borrowings.」
To support the expansion of development projects, the company raised ¥1,490.589 million through long-term borrowings and ¥495.920 million through short-term borrowings. - FY2024-Q2AdvancedAnnual report
「This was primarily due to ¥684.000 million in proceeds from long-term borrowings and a net increase of ¥145.000 million in short-term borrowings.」
To support the expansion of development projects, the company raised ¥684.000 million through long-term borrowings and increased short-term borrowings by a net ¥145.000 million. The balance of long-term borrowings reached ¥1,311.462 million. - FY2024-Q1AdvancedAnnual report
「This was primarily due to an increase of ¥558.290 million in advances received, an increase of ¥420.000 million in short-term borrowings and an increase of ¥289.227 million in long-term borrowings associated with financing for the acquisition of development land.」
The company arranged financing for the acquisition of development land, increasing short-term borrowings by ¥420.000 million and long-term borrowings by ¥289.227 million. This indicates progress toward the execution stage, with borrowings supporting land acquisitions under the development-and-sale scheme. - FY2021RestatedAnnual report
「To arrange land-purchase financing flexibly under the “development-and-sale scheme,” the group entered into a special overdraft facility with Mizuho Bank, Ltd. with a borrowing limit of ¥1 billion. It also entered into a ¥500 million overdraft facility with MUFG Bank, Ltd. to arrange financing flexibly.」
The company continues to maintain a ¥1 billion facility for land-purchase financing under the development-and-sale scheme and a ¥500 million facility for flexible financing. Neither facility was used at fiscal year-end. - FY2020AdvancedAnnual report
「During the consolidated fiscal year under review, the company raised ¥396 million for land purchases and repaid ¥168 million upon selling land with buildings. The outstanding balance drawn under this facility at the end of the consolidated fiscal year under review was ¥228 million.」
The company used the special overdraft facility with Mizuho Bank to raise ¥396 million for land purchases and repaid ¥168 million. It also secured total working capital facilities of ¥1.5 billion under agreements with Resona Bank, Mizuho Bank and MUFG Bank. - FY2019AdvancedAnnual report
「During the consolidated fiscal year under review, the company raised ¥656 million to finance land purchases under the “development-and-sale scheme” and repaid the full amount upon selling the land and land with buildings. Going forward, it will continue to arrange land-purchase financing flexibly by using the special overdraft facility with Mizuho Bank, Ltd. and other facilities.」
The company used the special overdraft facility with a borrowing limit of ¥1 billion to raise and repay ¥656 million in land-purchase financing. - FY2019-Q2AdvancedAnnual report
「For land acquisitions under the “development-and-sale scheme,” the company raised ¥288 million through short-term borrowings under the special overdraft facility entered into with Mizuho Bank, Ltd. during the previous consolidated fiscal year.」
The company used the special overdraft facility with Mizuho Bank, entered into during the previous consolidated fiscal year with a borrowing limit of ¥1 billion, to raise ¥288 million for land acquisitions under the development-and-sale scheme. - FY2018First statedAnnual report
「On the financial front, amid a challenging environment in which financial institutions have taken a strict stance toward real estate investment, the company entered into a special overdraft facility with Mizuho Bank, Ltd., which had recognized the credibility of its business, with a borrowing limit of ¥1 billion.」
To meet funding needs associated with acquiring land under the development-and-sale scheme, the company entered into a special overdraft facility with Mizuho Bank with a borrowing limit of ¥1 billion and indicated a policy of arranging financing flexibly as needed.