Liquidity Risk Related to Financing
First written in FY2019. 7 of 11 entries say "Mitigated", first in FY2023-Q2. Latest entry: FY2026.
41 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Total commitment line: ¥6,000 million Drawn balance: ¥5,000 million Undrawn amount: ¥1,000 million」
On 22 December 2025, the company entered into a syndicated commitment line totalling ¥6 billion, drew ¥5 billion and secured an undrawn capacity of ¥1 billion. No financial covenants are attached. - FY2025MitigatedAnnual report
「On 18 March 2025, we conducted a private placement capital increase with Dai Nippon Toryo Company,Limited as the allottee, and became its consolidated subsidiary. Going forward, we expect to secure the necessary funds with support from the financial institutions that do business with Dai Nippon Toryo Company,Limited.」
The company became a consolidated subsidiary of Dai Nippon Toryo Company,Limited, and its outlook for support from Dai Nippon Toryo Company,Limited's relationship financial institutions has advanced measures addressing cash management and liquidity. - FY2025-H1RestatedAnnual report
「In addition, from a financial perspective, we executed an amendment agreement to the financial covenants dated 29 March 2024 and expect to continue receiving support from our financial institutions.」
Measures to support cash management through an amendment agreement to the financial covenants and the outlook for support from financial institutions continue. - FY2024MitigatedAnnual report
「With respect to the committed term loan agreement under the syndicated loan executed on 23 December 2022, we terminated the agreement on its contractual maturity date of 29 December 2023 and entered into a commitment line agreement with Sumitomo Mitsui Banking Corporation on 29 December 2023.」
As a cash management measure, the existing committed term loan agreement was terminated and transitioned to a commitment line agreement with a committed amount of ¥750 million. - FY2024-Q3MitigatedAnnual report
「The committed term loan agreement under the syndicated loan will terminate on its contractual maturity date of 29 December 2023. We continue to consult with our major relationship financial institutions, including on entering into a new commitment line agreement, and expect to be able to secure the necessary funds.」
Cash management measures with financial institutions continue, including the termination of the existing committed term loan agreement and entry into a new commitment line agreement. - FY2024-Q2MitigatedAnnual report
「As amendment agreements to the financial covenants under each agreement were executed on 27 September 2023, the relevant issue had been resolved as of the end of the second quarter of the current consolidated fiscal year. In addition, funds were raised under a syndicated loan agreement on 27 September 2023.」
The breach was resolved through amendment agreements to the financial covenants, and additional funds were raised through a syndicated loan. Measures to address liquidity and cash management have advanced. - FY2023MitigatedAnnual report
「We are consulting with our relationship financial institutions regarding waivers of their rights relating to the loss of the benefit of time and other matters. As we have obtained agreement from those institutions not to exercise their rights relating to the loss of the benefit of time and other matters, we expect to continue receiving their support.」
Even after breaching financial covenants, the company obtained agreement from its financial institutions not to exercise their rights relating to the loss of the benefit of time and indicated that it expects continued support from those institutions. - FY2023-Q3MitigatedAnnual report
「In addition, from a financial perspective, we are working to stabilise our financial base by proceeding with the sale of assets, including cross-shareholdings and company housing, and by raising funds under a term loan agreement associated with the syndicated loan agreement executed on 23 December 2022, as well as through a committed term loan agreement.」
In addition to asset sales, the company entered into a term loan and a committed term loan under a syndicated loan, providing concrete measures to stabilise its financial base. - FY2023-Q2MitigatedAnnual report
「As we expect to be able to secure the necessary funds after discussions with our relationship financial institutions, we believe there are no concerns regarding cash management.」
Amid concerns regarding going concern, the company stated that it expects to secure the necessary funds through discussions with its relationship financial institutions and determined that there were no concerns regarding cash management. - FY2020RestatedAnnual report
「Based on reports from each department, the Planning and Accounting Office (accounting and finance) prepares and updates cash flow plans in a timely manner and seeks to manage liquidity risk by adopting diverse short-term funding methods.」
Liquidity risk management through the preparation and updating of cash flow plans and diverse short-term funding methods continues. - FY2019First statedAnnual report
「Management of liquidity risk relating to financing, namely the risk of being unable to make payments when due」
The theme of managing insolvency risk through the preparation and updating of cash flow plans and diverse short-term funding methods is explicitly disclosed for the first time.