MKSystem (3910) · InitiativeRestated
¥500 Million Borrowing to Pay License Costs from Prior Fiscal Years
First written in FY2019-Q1. 1 of 3 entries say "Achieved", first in FY2019-Q2. Latest entry: FY2019-Q3.
3entries
2years
0from disclosures
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Same theme, other companies
Borrowing to Fund License Fee PrepaymentsA theme 5 companies write about · 0 as a headwind · 4 as a tailwind
1 other company's latest entry also says "Restated".
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Full recordFilings, disclosures and news, newest first
- FY2019-Q3RestatedAnnual report
「However, the Company drew down a ¥500 million bank loan to cover payment of license fees from prior years identified during the first quarter of the fiscal year.」
The Company has reconfirmed that it has drawn down a ¥500 million bank loan to cover payment of license fees from prior years. - FY2019-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 17 July 2018, the Company entered into and drew down the following monetary loan agreement dated 30 July 2018 to prepare for additional payments of license fees from prior years.」
The Company entered into and drew down a ¥500 million loan on 30 July 2018 to prepare for additional payments of license fees from prior years. The final repayment date is 30 July 2023. - FY2019-Q1First statedAnnual report
「However, the Company plans to borrow ¥500 million from a bank to cover payment of license fees from prior years identified during the current first quarter of the fiscal year.」
The Company plans to borrow ¥500 million primarily to cover additional payments for license fees from prior years. The planned borrowing date is 30 July 2018, the scheduled repayment date is 30 July 2023, the interest rate is the benchmark rate (1-month Japanese TIBOR) + 0.4%, and the borrowing is unsecured.