Securing liquidity through commitment lines during COVID-19
First written in FY2021-Q1. 3 of 11 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2027-H1.
20 other companies' latest entry also says "Other".
- FY2027-H1Short-term borrowings continued to be repaidAnnual report
「This was mainly due to dividend payments of ¥1,376 million and ¥1 billion in repayments of short-term borrowings.」
The Company repaid ¥1 billion of short-term borrowings, resulting in an outflow of ¥2,407 million from financing activities. Repayment of borrowings continued from the previous fiscal year. - FY2023RestatedAnnual report
「This was mainly attributable to ¥2 billion in proceeds from short-term borrowings, ¥2 billion in repayments of short-term borrowings, ¥3 billion in proceeds from long-term borrowings, ¥3 billion in repayments of long-term borrowings and ¥1.376 billion in dividend payments.」
The company drew down and repaid equal amounts of short-term borrowings and long-term borrowings, confirming that it was managing funds while advancing repayments after securing liquidity. - FY2023-Q2Short-term borrowings and repayments were equalAnnual report
「This was mainly attributable to ¥2 billion in proceeds from short-term borrowings, ¥2 billion in repayments of short-term borrowings and ¥1.376 billion in dividend payments.」
During the cumulative second quarter, the company drew down and repaid ¥2 billion in short-term borrowings, respectively, and continued to repay borrowings after securing liquidity. - FY2022Liabilities reduced through debt repaymentAnnual report
「Net cash used in financing activities was ¥2.288 billion. This was mainly attributable to ¥2 billion in proceeds from short-term borrowings, ¥3 billion in repayments of short-term borrowings and ¥1.158 billion in dividend payments.」
While the company drew down ¥2 billion in short-term borrowings during the pandemic, it repaid ¥3 billion. Debt repayment reduced liabilities by ¥1.236 billion from the end of the previous fiscal year. - FY2022-Q3Short-term borrowings continued to be repaidAnnual report
「This was mainly attributable to a ¥1 billion decrease in short-term borrowings and a ¥125 million decrease in long-term borrowings, while notes and accounts payable increased by ¥988 million, accounts payable increased by ¥193 million and accrued income taxes increased by ¥316 million, among other factors.」
Even after borrowings to secure liquidity, short-term borrowings decreased by ¥1 billion from the end of the previous consolidated fiscal year, and repayments continued. - FY2022-Q2Short-term borrowings continued to be repaidAnnual report
「Liabilities decreased by ¥1.514 billion from the end of the previous consolidated fiscal year to ¥15.917 billion. This was mainly due to a ¥1 billion decrease resulting from the repayment of short-term borrowings, a ¥117 million decrease in notes and accounts payable and a ¥159 million decrease in accrued income taxes, among other factors.」
Short-term borrowings decreased by ¥1 billion from the end of the previous fiscal year. On a cash flow basis, ¥2 billion in short-term borrowings and ¥3 billion in repayments were recorded, indicating that repayments continued even after liquidity was secured. - FY2022-Q1¥1 billion of short-term borrowings repaidAnnual report
「Liabilities decreased by ¥790 million from the end of the previous consolidated fiscal year to ¥16.640 billion. This was mainly due to a ¥1 billion decrease resulting from the repayment of short-term borrowings, despite a ¥259 million increase in notes and accounts payable, among other factors.」
Although borrowings to secure liquidity had been disclosed, the company repaid ¥1 billion of short-term borrowings during the quarter, reducing total liabilities from the end of the previous fiscal year. - FY2021AdvancedAnnual report
「Net cash provided by financing activities was ¥615 million. This was mainly attributable to ¥3 billion in proceeds from short-term borrowings, ¥3 billion in proceeds from long-term borrowings, ¥3.982 billion in repayments of long-term borrowings and ¥1.374 billion in dividend payments.」
In addition to securing liquidity through a committed line of credit and other measures, the company drew down ¥3 billion in short-term borrowings and ¥3 billion in long-term borrowings. - FY2021-Q3AdvancedAnnual report
「This was attributable to a ¥3 billion increase in short-term borrowings and increases of ¥812 million in notes and accounts payable, while long-term borrowings decreased by ¥907 million, accounts payable decreased by ¥791 million and income taxes payable decreased by ¥779 million, among other factors.」
The increase of ¥3 billion in short-term borrowings to meet funding needs during the pandemic was disclosed as a factor behind the change in the financial position. - FY2021-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 16 September 2020, the company resolved to borrow funds for working capital purposes and executed the borrowing as described below. Borrowing amount: ¥1 billion. (Omitted.) Borrowing date: 30 September 2020; repayment due date: 29 September 2023.」
The company borrowed ¥1 billion from MUFG Bank on 30 September 2020 for working capital purposes. The disclosure covers executed financing in addition to the commitment line. - FY2021-Q1First statedAnnual report
「In May 2020, we entered into commitment line agreements with 3 domestic financial institutions to prepare for unforeseen circumstances arising from the impact of COVID-19. Total borrowing limit: ¥6,000 million. Agreement periods: Sumitomo Mitsui Banking Corporation, 31 July 2020 to 30 July 2021; Mizuho Bank, Ltd., 15 May 2020 to 15 May 2021; and MUFG Bank, Ltd., 15 May 2020 to 30 April 2021.」
To prepare for unforeseen circumstances arising from the infection, the company entered into commitment line agreements with 3 domestic financial institutions for a total of ¥6 billion. The agreement periods and financial covenants were also specified.