Securing Working Capital Through Commitment Lines
First written in FY2020-Q3. 2 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
Mitsuchi moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
41 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Total overdraft facilities ¥2,950 million Drawn borrowings ¥1,300 million Undrawn amount ¥1,650 million」
The overdraft facility increased from ¥2,650 million in the previous fiscal year to ¥2,950 million, while drawn borrowings decreased from ¥2,000 million to ¥1,300 million. The undrawn facility increased from ¥650 million to ¥1,650 million. - FY2025SoftenedAnnual report
「Total overdraft facilities ¥2,650 million Drawn borrowings ¥2,000 million Undrawn amount ¥650 million」
The working capital overdraft facility increased from ¥2.3 billion in the previous fiscal year to ¥2.65 billion, while drawn borrowings stood at ¥2 billion and the undrawn facility decreased from ¥900 million to ¥650 million. - FY2023ReframedAnnual report
「The group has entered into overdraft agreements with 5 banks in order to secure working capital efficiently. The undrawn amounts and other details relating to the overdraft agreements as of the end of the current consolidated fiscal year are as follows.」
The explanation of working capital funding has shifted from a focus on commitment lines to overdraft agreements with 5 banks. The total facility amount is ¥2.3 billion, drawn borrowings are ¥1.4 billion and the undrawn amount is ¥900 million. - FY2021SoftenedAnnual report
「Total overdraft facilities and commitment lines ¥2,100 million Drawn borrowings ¥500 million Undrawn amount ¥1,600 million」
The working capital facility decreased from ¥2.9 billion in the previous fiscal year to ¥2.1 billion. At the end of the current fiscal year, ¥500 million had been drawn and the undrawn amount was ¥1.6 billion. The commitment line agreement had been cancelled as of the fiscal year-end. - FY2020AdvancedAnnual report
「Total overdraft facilities and commitment lines ¥2,900 million Drawn borrowings — ¥ million Undrawn amount ¥2,900 million」
The working capital funding facility increased from ¥2.2 billion in the previous fiscal year to ¥2.9 billion, and no borrowings had been drawn as of the end of the current consolidated fiscal year. - FY2020-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 30 April 2020, the company resolved to enter into the following commitment line agreement and concluded the agreement on the same date. Lender: MUFG Bank, Ltd. Commitment amount: ¥1 billion Agreement date: 30 April 2020 Agreement period: 30 April 2020 to 28 April 2021 Use of funds: Working capital Collateral and guarantee: Unsecured and unguaranteed」
On 30 April 2020, the company entered into an unsecured and unguaranteed commitment line agreement with a commitment amount of ¥1 billion and a term of just under one year, for working capital purposes.