Guarantees of グラモ’s Borrowings
First written in FY2021-Q1. 3 of 5 entries say "Mitigated", first in FY2022. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 6 of 28 companies on the "Worse" side.
27 other companies' latest entry also says "Mitigated".
- FY2023-Q2MitigatedAnnual report
「Reversal of provision for losses on guarantees: ¥19,500」
For the guarantee of Glamo's borrowings, a ¥19.5 million reversal of the provision for losses on guarantees was recognized, reducing the provision balance to zero. - FY2023-Q1MitigatedAnnual report
「Reversal of provision for losses on guarantees: ¥10,500」
For the guarantee of Glamo's borrowings, a ¥10.5 million reversal of the provision for losses on guarantees was recognized, reducing the provision balance from ¥19.5 million to ¥9 million. - FY2022MitigatedAnnual report
「Reversal of provision for losses on guarantees: ¥5.5 million」
For the guarantee of Glamo's borrowings, the provision declined from ¥25 million to ¥19.5 million, and a ¥5.5 million reversal was recognized. - FY2021-Q2MaterialisedAnnual report
「The provision for losses on guarantees increased by ¥25 million as a result of providing a guarantee for Glamo Co., Ltd.'s borrowings from Sumitomo Mitsui Banking Corporation.」
For the guarantee of Glamo's borrowings, a ¥25 million provision for losses on guarantees was recognized, giving concrete accounting form to the credit exposure as a loss provision. - FY2021-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 1 July 2020, the company resolved to provide a guarantee for borrowings by Glamo Co., Ltd. from Sumitomo Mitsui Banking Corporation. Guarantee limit: ¥25 million. Guarantee period: 1 July 2020 to 31 May 2021.」
The company newly disclosed its credit exposure from jointly guaranteeing Glamo's borrowings after Glamo's exclusion from consolidation. The guarantee limit was ¥25 million, and the term ran from 1 July 2020 to 31 May 2021.