Borrowing of Working Capital for New Transactions with Major Merchant Partners
First written in FY2019-Q3. 1 of 2 entries say "Advanced", first in FY2019. Latest entry: FY2019.
53 other companies' latest entry also says "Advanced".
- FY2019AdvancedAnnual report
「Cash provided by financing activities amounted to ¥7,959.019 million, compared with ¥18,067.432 million in the same period of the previous year. Although cash decreased mainly because of dividend payments of ¥2,134.832 million, it increased as a result of a net increase in short-term borrowings of ¥11,699 million.」
Short-term borrowings increased by a net ¥11,699 million, reflecting borrowings executed to meet funding needs in the financial services business and other operations for the full year. - FY2019-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 17 June 2019, the Company resolved to borrow funds as follows. Purpose of funds: to finance working capital required for new transactions with major merchants. Lenders: 3 relationship financial institutions. Borrowing amount: ¥8,000 million. Interest rate: floating rate linked to market interest rates. Drawdown dates: 1 July 2019 to 2 July 2019. Repayment term: within 1 year.」
The Company resolved to borrow ¥8 billion from 3 relationship financial institutions as working capital required for new transactions with major merchants. The drawdown dates were set for 1 July to 2 July 2019, with repayment due within 1 year.