Working Capital Borrowing in Preparation for a Prolonged COVID-19 Pandemic
First written in FY2020. 7 of 15 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
Pia moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As ticket sales remained strong amid the maintenance and expansion of the Group's business activities and the market's recovery from the COVID-19 pandemic, and cash flow was improving, the company entered into a syndicated loan agreement with its existing financial institutions to secure the funds necessary to stabilize its financial base over the medium to long term.」
The company's financial policy shifted from emergency working-capital financing in preparation for a prolonged COVID-19 pandemic to stabilizing its financial base over the medium to long term and maintaining and utilizing syndicated loans in light of improved cash flow. - FY2025AdvancedAnnual report
「As ticket sales remained strong amid the maintenance and expansion of the Group's business activities and the market's recovery from the COVID-19 pandemic, and cash flow was improving, the company entered into a syndicated loan agreement with its existing financial institutions to secure the funds necessary to stabilize its financial base over the medium to long term.」
The company has progressed from funding measures in preparation for the prolonged infectious disease crisis to maintaining and utilizing syndicated loans to stabilize its financial base over the medium to long term in light of improved cash flow. - FY2025-H1AdvancedAnnual report
「Net cash used in financing activities was ¥510 million (¥2.085 billion used in the same interim period of the previous year). This was mainly attributable to ¥507 million in repayments of long-term borrowings.」
The company recorded ¥507 million in cash outflows for repayments of long-term borrowings, reducing cash used in financing activities from the same interim period of the previous year. The balance of long-term borrowings also declined from the end of the previous fiscal year. - FY2024AdvancedAnnual report
「As ticket sales remained strong amid the maintenance and expansion of the Group's business activities and the market's recovery from the COVID-19 pandemic, and cash flow was improving, the company reviewed its existing syndicated loan agreement with financial institutions and entered into a new syndicated loan agreement to secure the funds necessary to stabilize its financial base over the medium to long term.」
The company progressed from securing funds during the prolonged COVID-19 period to reviewing its existing syndicated loan and entering into a new agreement in light of improved cash flow. - FY2024-Q3Decrease in total borrowings; reclassification to long-term borrowingsAnnual report
「Current portion of long-term borrowings 9,065 1,015 Long-term borrowings 12,159 17,873」
The current portion of long-term borrowings declined from ¥9.065 billion to ¥1.015 billion, while long-term borrowings increased from ¥12.159 billion to ¥17.873 billion. The combined balance declined from ¥21.224 billion to ¥18.888 billion, indicating progress in repayments and reclassification to long-term borrowings. - FY2024-Q2Continued debt repayments; slight decline in balanceAnnual report
「Net cash used in financing activities was ¥2.085 billion (¥3.14 billion used in the same quarter of the previous year). This was mainly attributable to ¥7 billion in proceeds from long-term borrowings and ¥9.082 billion in repayments of long-term borrowings.」
While undertaking ¥7 billion in long-term borrowings, the company repaid ¥9.082 billion in long-term borrowings. The balance of long-term borrowings declined slightly from the end of the previous fiscal year, and debt repayments are continuing. - FY2024-Q1Decline in long-term borrowingsAnnual report
「Current portion of long-term borrowings 9,065 1,015 Long-term borrowings 12,159 18,381」
The combined balance of the current portion of long-term borrowings and long-term borrowings declined from ¥21.224 billion at the end of the previous fiscal year to ¥19.396 billion at the end of the first quarter of the current fiscal year. The company has maintained zero short-term borrowings, and debt repayments are progressing. - FY2023-Q3Continued repayment of borrowingsAnnual report
「Short-term borrowings 2,500 －」
Short-term borrowings fell from ¥2.5 billion at the end of the previous fiscal year to zero at the end of the third quarter of the current fiscal year. Long-term borrowings also declined from ¥21.225 billion to ¥20.238 billion, indicating continued progress in debt repayments. - FY2023-Q2Progress in Debt RepaymentAnnual report
「The main factors were cash outflows of ¥2.5 billion for repayment of short-term borrowings and ¥657 million for repayment of long-term borrowings.」
Rather than drawing new borrowings, the company advanced repayments of ¥2.5 billion in short-term borrowings and ¥657 million in long-term borrowings, indicating a shift from a funding phase to a repayment phase. - FY2022RestatedAnnual report
「To secure the funds necessary to maintain and expand the group’s business activities and to address the possibility that the current COVID-19 pandemic would be prolonged and sales would continue to decline, the company is raising funds through short- and long-term borrowings from financial institutions.」
The company continues its policy of securing funding through short- and long-term borrowings in preparation for a prolonged pandemic and maintaining business continuity through cooperation with financial institutions. - FY2021AdvancedAnnual report
「For the existing ¥14.5 billion in short-term borrowings, the company signed an agreement with its main financial institutions at the end of December 2020 to switch to a ¥15 billion syndicated loan consisting primarily of long-term borrowings, and executed the loan at the end of January 2021. In addition, it steadily raised ¥900 million in long-term borrowings, primarily in the form of subordinated capital loans for 4 consolidated subsidiaries, from government-affiliated financial institutions, namely 株式会社日本政策金融公庫, and by the end of the fiscal year raised ¥3 billion in subordinated capital loans from 株式会社商工組合中央金庫.」
The company completed the switch from ¥14.5 billion in short-term borrowings to a syndicated loan consisting primarily of long-term borrowings, and raised ¥900 million and ¥3 billion in subordinated capital loans from government-affiliated financial institutions, with the latter raised at the end of the fiscal year. - FY2021-Q3AdvancedAnnual 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.」
At the end of December, the company signed an agreement to switch its existing ¥14.5 billion in short-term borrowings to a syndicated loan totaling ¥15 billion, consisting primarily of long-term borrowings, and executed the loan at the end of January 2021. It also received preliminary approval from financial institutions to revise its financial covenants. - FY2021-Q2AdvancedAnnual report
「Regarding cash flow, we have taken comprehensive measures since the end of the previous fiscal year, periodically renewing ¥14.5 billion in short-term borrowings and securing sufficient liquidity to continue operations through the following fiscal year. We are also focusing on securing funding that will contribute to strengthening our financial base from a medium- to long-term perspective.」
The company explains that it continued ¥14.5 billion in short-term borrowings and secured liquidity through the following fiscal year. In addition, it implemented medium- to long-term funding measures, including the disposal of treasury shares through a third-party allotment, the granting of restricted stock and ¥2 billion in long-term borrowings. - FY2021-Q1AdvancedAnnual report
「Regarding cash flow, we have taken comprehensive measures since the end of the previous fiscal year. We have continued to renew short-term borrowings as needed and have secured sufficient liquidity to continue operations through the following fiscal year. Going forward, we will also focus on securing funding from a medium- to long-term perspective. Total overdraft facility limits and lending commitments ¥23,941 million Drawn borrowings ¥23,941 million Undrawn amount ¥0 million」
The company explains that it secured liquidity through the following fiscal year by continuing its short-term borrowings. As of 30 June 2020, the entire ¥23.941 billion in overdraft facility limits and lending commitments had been drawn, leaving no undrawn amount. - FY2020First statedAnnual report
「To address the possibility that the impact of COVID-19 would be prolonged and sales would continue to decline, the company drew down borrowings as described below.」
In preparation for a prolonged impact from the infectious disease and declining sales, the company borrowed ¥10 billion in working capital from 13 financial institutions with which it does business on 1 April 2020, without collateral or guarantees.