Securing Cash on Hand and Liquidity and Maintaining Financial Soundness amid the Spread of COVID-19
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2022.
22 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「While continuing medium- to long-term growth investments, the Company will continue to pursue M&A opportunities that contribute to sustainable and profitable growth. Meanwhile, it will review expenses and investment projects that can be considered non-urgent.」
The Company continued to state its policy of pursuing growth investments and M&A while securing on-hand liquidity and financial soundness, and reviewing non-urgent expenses and investments. - FY2021-Q3RestatedAnnual report
「The main factors were ¥70 billion in proceeds from long-term borrowings for medium- to long-term growth funding and to secure liquidity if the spread of COVID-19 were prolonged, offset by ¥40 billion in repayments of short-term borrowings, ¥10 billion in repayments of bonds, and ¥21.1 billion in dividend payments.」
Continues to disclose the ¥70 billion in long-term borrowings for medium- to long-term growth funding and to secure liquidity if the spread of the infection is prolonged, as well as repayments of short-term borrowings and bonds. - FY2021-Q1AdvancedAnnual report
「The main factors were ¥70 billion in proceeds from long-term borrowings for medium- to long-term growth funding and to secure liquidity if the spread of COVID-19 were prolonged, ¥10 billion in repayments of bonds, and ¥10.4 billion in dividend payments.」
In FY2021-Q1, the Company drew down ¥70 billion in long-term borrowings to fund medium- to long-term growth and secure liquidity if the spread of the infection were prolonged. Cash and cash equivalents increased by ¥45.1 billion from the end of the previous fiscal year to ¥212.0 billion. - FY2020First statedAnnual report
「Despite the impact of the spread of COVID-19, the Company has secured sufficient on-hand liquidity through flexible financing and maintained a sound financial position. It will therefore continue making medium- to long-term growth investments and will continue to pursue M&A opportunities that contribute to sustainable and profitable growth, as before.」
As a financial response to the spread of the infection, the Company drew down ¥40 billion in short-term borrowings, increasing cash on hand by ¥43.9 billion from the end of the previous fiscal year to ¥166.9 billion. After the filing, it also drew down a total of ¥70 billion in borrowings to fund medium- to long-term growth and secure liquidity.