Supplementing liquidity through additional commitment line capacity
First written in FY2020. 3 of 6 entries say "Softened", first in FY2023. Latest entry: FY2026.
Dainichiseika Color & Chemicals Mfg. moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「We have established loan commitment lines totaling ¥6.5 billion individually with 4 relationship banks, enabling us to provide additional liquidity support.」
Loan commitment lines declined from ¥7 billion in the previous fiscal year to ¥6.5 billion, leaving a net available amount of ¥4.5 billion. - FY2024SoftenedAnnual report
「We have established loan commitment lines totaling ¥7 billion individually with 4 relationship banks, enabling us to provide additional liquidity support.」
Total loan commitments declined from ¥10.5 billion in the previous disclosure to ¥7 billion. The amount drawn was ¥2.5 billion, leaving a net available amount of ¥4.5 billion. - FY2023Reduction in total commitment lines and partial drawdownAnnual report
「Total loan commitments: ¥10,500 million; amount drawn: ¥2,500 million; net available amount: ¥8,000 million」
Total commitments at the end of the current period were ¥10.5 billion, down from the previously disclosed ¥24 billion. Of this amount, ¥2.5 billion had been drawn, leaving ¥8 billion undrawn. - FY2021-Q2AdvancedAnnual report
「We have entered into loan commitment line agreements with 3 relationship banks to procure working capital efficiently, and have also entered into new loan commitment line agreements with 3 relationship banks to secure cash on hand.」
Following the establishment of additional loan commitment lines, total loan commitments as of 30 September 2020 increased to ¥24 billion from the existing ¥8 billion. There was no outstanding amount drawn, leaving a net available amount of ¥24 billion. - FY2021-Q1AdvancedAnnual report
「To secure cash on hand, we have entered into new loan commitment line agreements with 3 relationship banks.」
The company entered into agreements with 3 banks for the loan commitment lines for which additional facilities had been requested. The facilities total ¥16 billion and have a 1-year term, making the measures to secure cash on hand concrete. - FY2020First statedAnnual report
「In addition to the ¥8 billion loan commitment line mentioned above, we have asked our financial institutions to establish additional loan commitment lines of approximately twice that amount, equivalent to 2 months of funding.」
In addition to the existing ¥8 billion commitment line, the company has asked its financial institutions to provide additional facilities of approximately twice that amount in light of the impact of the novel coronavirus disease.