Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
3900
million yenWording
Conditional
How definitive the wording is.Decision and Details
Board of DirectorsEntry into a syndicated loan agreement
Decision24 August 2021
Period CoveredFrom 31 August 2021 to 30 August 2024
ImplementationAgreement date: 27 August 2021 (scheduled); loan drawdown date: 31 August 2021
Going forwardThe agreement is scheduled to be executed on 27 August 2021, and the loan is scheduled to be drawn down on 31 August 2021.
AmountSyndicated loan amount: ¥3,900 million; lump-sum repayment of existing borrowings: ¥3,000 million
Reason
To fund working capital.
Impact on Business Performance
The impact on consolidated results for the fiscal year ending April 2022 will be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Entry into a syndicated loan agreement |
| Decision-Making Body | Board of Directors |
| Decision Date | 24 August 2021 |
| Implementation Date | Agreement date: 27 August 2021 (scheduled); loan drawdown date: 31 August 2021 |
| Period Covered | From 31 August 2021 to 30 August 2024 |
| Amount | Syndicated loan amount: ¥3,900 million; lump-sum repayment of existing borrowings: ¥3,000 million |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending April 2022 will be immaterial. |
| Reason | To fund working capital. |
| Related previous disclosures | Notice Regarding Borrowing of Funds dated 28 July 2021 |
| Future plans | The agreement is scheduled to be executed on 27 August 2021, and the loan is scheduled to be drawn down on 31 August 2021. |
Items this document does not state (2)
Quantity / scaleGoverning Rule
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To fund working capital.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.