Securing Investment Funding Through Borrowings and Overdraft Facilities in Light of COVID-19
First written in FY2020-Q3. 1 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2023.
6 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Overdraft limit ¥600 million Borrowings drawn – Undrawn amount ¥600 million」
While maintaining the ¥600 million overdraft facility, borrowings drawn, which had stood at ¥200 million in the previous fiscal year, fell to zero at the end of the current fiscal year, and the short-term borrowings were also repaid. - FY2023-Q3Reduction in borrowingsAnnual report
「Current liabilities at the end of the third quarter of the current consolidated fiscal year decreased by ¥262.360 million from the end of the previous consolidated fiscal year to ¥393.391 million. This was mainly due to a ¥200.000 million decrease in short-term borrowings and a ¥42.616 million decrease in the provision for bonuses.」
As disclosures continued regarding borrowings and overdrafts maintained in preparation for the COVID-19 pandemic and other contingencies, short-term borrowings decreased by ¥200.000 million and current liabilities also declined. - FY2022RestatedAnnual report
「Overdraft limit ¥600 million Borrowings drawn ¥200 million Undrawn amount ¥400 million」
The Company continues to maintain overdraft agreements with 2 regional banks, with total limits of ¥600 million and borrowings drawn of ¥200 million, in preparation for the COVID-19 pandemic and other contingencies. - FY2020AdvancedAnnual report
「To efficiently raise working capital, the Company has entered into overdraft agreements with 2 relationship banks, Tsukuba Bank, Ltd. and Ashikaga Bank, Ltd. Tsukuba Bank, Ltd.: 12 June 2020; overdraft limit ¥300 million; borrowings drawn ¥100 million. Ashikaga Bank, Ltd.: 12 June 2020; overdraft limit ¥300 million; borrowings drawn ¥100 million.」
As a funding measure in preparation for the COVID-19 pandemic, the Company disclosed that it established total overdraft facilities of ¥600 million with 2 banks and drew down ¥200 million. - FY2020-Q3First statedAnnual report
「In light of the impact of the COVID-19 pandemic on our medium- to long-term growth plans, the Group entered into borrowing and overdraft agreements to secure investment funds for various initiatives, including new business development. Borrowing limit: ¥24 million. Contract limit: ¥300 million.」
In light of the impact of the COVID-19 pandemic on medium- to long-term growth plans, a subsidiary drew down ¥24 million in borrowings to secure funds for investment in new business development and other initiatives, while the parent company entered into overdraft agreements with limits of ¥300 million each.