Changes in Cash Flow and Financing Conditions
First written in FY2016. 11 of 20 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2026.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Total lending commitments increased from ¥3 billion at the end of the previous consolidated fiscal year to ¥5 billion, with no borrowings drawn.」
The lending commitment facility increased to ¥5 billion and remained fully undrawn. Long-term borrowings also decreased from ¥13,302 million at the end of the previous fiscal year to ¥12,304 million, indicating improvement in both funding capacity and outstanding borrowings. - FY2026-H1MitigatedAnnual report
「Total lending commitments ¥3,000 million Outstanding borrowings — Available amount ¥3,000 million」
The ¥3 billion lending commitment remains fully undrawn, while repayments of long-term borrowings progressed. Long-term borrowings subject to financial covenants decreased from ¥13,302 million at the end of the previous fiscal year to ¥12,803 million. - FY2025MitigatedAnnual report
「The ¥13,302 million in long-term borrowings of the Group, including long-term borrowings due for repayment within one year, is subject to the following financial covenants.」
Long-term borrowings subject to financial covenants decreased from ¥14,301 million at the end of the previous fiscal year to ¥13,302 million. The ¥3 billion lending commitment remains fully undrawn. - FY2025-H1MitigatedAnnual report
「Financial covenants apply to ¥13,802 million in long-term borrowings of our group, including long-term borrowings due for repayment within 1 year.」
Long-term borrowings subject to financial covenants decreased from ¥14,301 million at the end of the previous consolidated fiscal year to ¥13,802 million. Loan commitments were ¥3 billion, and borrowings drawn remained at zero. - FY2024-Q1Reduction in loan commitment limitsAnnual report
「Total loan commitments ¥5,000 million ¥3,000 million Borrowings drawn － － Undrawn amount 5,000 3,000」
Total loan commitments decreased from ¥5 billion at the end of the previous consolidated fiscal year to ¥3 billion, while borrowings drawn remained at zero and the undrawn amount was ¥3 billion. - FY2023-Q3MitigatedAnnual report
「Total loan commitments: ¥5,000 million; borrowings drawn: －; undrawn amount: ¥5,000 million」
The full ¥5 billion in loan commitments remained undrawn, and borrowings drawn, which stood at ¥2.5 billion at the end of the previous consolidated fiscal year, had been eliminated. Financing capacity improved from the end of the previous period, while financial covenants remain in place for long-term borrowings. - FY2023-Q2MitigatedAnnual report
「Total loan commitments: ¥5,000 million; borrowings drawn: －; undrawn amount: ¥5,000 million」
The full ¥5 billion in loan commitments remained undrawn, and short-term borrowings, which stood at ¥2.5 billion at the end of the previous consolidated fiscal year, had also fallen to zero. Long-term borrowings and financial covenants remain in place. - FY2023-Q1MitigatedAnnual report
「Total loan commitments: ¥5,000 million; borrowings drawn: －; undrawn amount: ¥5,000 million」
Borrowings drawn, which stood at ¥2,500 million at the end of the previous consolidated fiscal year, had been eliminated by the end of the first quarter of the current year, leaving the full ¥5,000 million in loan commitments undrawn. Short-term borrowings also fell from ¥2.5 billion to zero, improving financing capacity. Financial covenants remain in place for long-term borrowings. - FY2022MitigatedAnnual report
「Total loan commitments: ¥5,000 million; borrowings drawn: ¥2,500 million; undrawn amount: ¥2,500 million」
Of the ¥5,000 million in loan commitments, ¥2.5 billion remained undrawn, while short-term borrowings decreased from ¥5 billion at the end of the previous period to ¥2.5 billion. Although the company remained in breach of financial covenants, its cash management and borrowing balance improved. - FY2022-Q2MitigatedAnnual report
「Total overdraft limits and loan commitments: ¥5,000 million; borrowings drawn: ¥2,500 million; undrawn amount: ¥2,500 million」
Of the ¥5 billion in overdraft facilities and loan commitments, ¥2.5 billion remained undrawn, while short-term borrowings decreased from ¥5 billion at the end of the previous consolidated fiscal year to ¥2.5 billion. The agreement relating to ¥2,397 million in long-term borrowings was amended on 31 August 2021. Financial covenants remain in place. - FY2021WorsenedAnnual report
「Although the amount of net assets in the consolidated balance sheet at the end of the current consolidated fiscal year was below 75% of the amount of net assets at the end of the most recent fiscal year, this did not result in a loss of the benefit of time.」
The company fell below the threshold under the financial covenant concerning the maintenance of net assets. However, it stated that amendments to the agreements and consent from financial institutions meant that it would not lose the benefit of time. - FY2021-Q3MitigatedAnnual report
「In addition, at the end of December, the company entered into an agreement with its principal financial institutions to change its existing short-term borrowings of ¥1.45 billion to a syndicated loan totaling ¥1.5 billion, primarily comprising long-term borrowings, which was drawn down at the end of January 2021. The company had also obtained preliminary consent from the relevant financial institutions to revise the covenants relating to its long-term borrowings.」
In response to the risk of changes in financing terms, the company proceeded to change short-term borrowings to a syndicated loan primarily comprising long-term borrowings and to revise its financial covenants. - FY2021-Q2WorsenedAnnual report
「Total overdraft limits and loan commitments: ¥23,862 million; borrowings drawn: ¥23,862 million; undrawn amount: ¥－ million」
All ¥2,386 million of overdraft facilities and loan commitments had been drawn, leaving no undrawn amount. In addition to the increased reliance on borrowings, financial covenants concerning the maintenance of net assets and avoidance of ordinary losses for 2 consecutive periods were also disclosed. - FY2020RestatedAnnual report
「Going forward, while efficiently allocating funds and considering ways to strengthen our financial base, we will continue to pursue improvements in cash flow from the next fiscal year onward. However, changes in the environment surrounding the capital markets and banking industry may affect financing terms and other conditions.」
The company continues its policy of improving cash flow and strengthening its financial base, as well as addressing the risk of changes in financing terms due to changes in the capital markets and banking industry environment. - FY2019RestatedAnnual report
「Going forward, while efficiently allocating funds and considering ways to strengthen our financial base, we will continue to pursue improvements in cash flow from the next fiscal year onward. However, changes in the environment surrounding the capital markets and banking industry may affect financing terms and other conditions.」
The company continues to disclose its policy of improving cash flow and the risk of changes in financing terms due to changes in the capital markets and banking industry environment. - FY2018RestatedAnnual report
「While efficiently allocating funds and considering ways to strengthen our financial base, we will continue to pursue improvements in cash flow from the next fiscal year onward. However, changes in the environment surrounding the capital markets and banking industry may affect financing terms and other conditions.」
The company continues to disclose its policy of improving cash flow and strengthening its financial base, as well as the risk of changes in financing terms due to changes in the capital markets and banking industry environment. - FY2017RestatedAnnual report
「Changes in the environment surrounding the capital markets and banking industry may affect financing terms and other conditions.」
The risk of changes in financing terms continues to be disclosed. Cash and cash equivalents at fiscal year-end were ¥1,885 million, an increase from the end of the previous period. - FY2016First statedAnnual report
「Changes in the environment surrounding the capital markets and banking industry may affect financing terms and other conditions.」
Cash and cash equivalents at the end of the period were ¥1,511 million, and cash flow from operating activities was ¥277 million.