Securing Stable Funding Through Overdraft Facilities and Syndicated Loans
First written in FY2018-Q1. 3 of 15 entries say "Restated". Latest entry: FY2026.
Waseda Academy moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
8 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The Group has entered into overdraft agreements with 3 relationship banks in the previous consolidated fiscal year and with 2 relationship banks in the current consolidated fiscal year to efficiently raise working capital.」
The number of relationship banks under the overdraft agreements decreased from 3 to 2, and the limit decreased from ¥3.1 billion to ¥3.0 billion. Drawn borrowings nevertheless remained zero. - FY2024-Q3RestatedAnnual report
「The Group has entered into overdraft agreements with 3 relationship banks to efficiently raise working capital. The undrawn balances under these agreements are as follows.」
The overdraft limit of ¥3.1 billion with 3 relationship banks was maintained. There were no drawn borrowings at the end of the third quarter, and the entire amount remained undrawn. - FY2024-Q2RestatedAnnual report
「The Group has entered into overdraft agreements with 3 relationship banks to efficiently raise working capital. The undrawn balances under these agreements are as follows.」
The overdraft limit of ¥3.1 billion with 3 relationship banks was maintained. There were no drawn borrowings at 30 September 2023, and the entire amount remained undrawn. - FY2021MitigatedAnnual report
「To prepare for funding needs resulting from the spread of COVID-19 and other factors, the Group drew ¥2.0 billion from relationship financial institutions on 20 April 2020, and repaid the amount in full on its maturity date in March 2021.」
The ¥2.0 billion borrowed in response to COVID-19 was repaid in full on its maturity date in March 2021. Drawn borrowings under the overdraft agreements were also zero at the end of the fiscal year. - FY2021-Q1Expansion of the overdraft facility and drawdownAnnual report
「The Group has entered into overdraft agreements with 3 relationship banks to efficiently raise working capital and prepare for funding needs resulting from the impact of COVID-19 and other factors. The undrawn balances under these agreements are as follows.」
The overdraft limit increased from ¥3.1 billion to ¥5.1 billion, and ¥2.0 billion had been borrowed by the end of the first quarter. The remaining undrawn balance was ¥3.1 billion. - FY2020Additional borrowing in response to COVID-19Annual report
「To prepare for funding needs resulting from the spread of COVID-19 and other factors, the Group newly entered into special overdraft agreements with 2 relationship financial institutions and drew ¥2.0 billion on 20 April 2020.」
To prepare for funding needs associated with the spread of COVID-19, the Group entered into special overdraft agreements with 2 banks and borrowed ¥2.0 billion on 20 April 2020. - FY2020-Q3Termination of the syndicated loan and changes to the overdraft agreementAnnual report
「The Group has entered into overdraft agreements with 3 relationship banks to efficiently raise working capital. It had also entered into syndicated loan agreements with 7 relationship banks, with a drawdown period allowing installment borrowings, to secure stable funding and strengthen its financial base; however, these agreements terminated upon expiry in October 2019.」
The number of relationship banks under the overdraft agreements increased to 3, while the syndicated loan agreements with 7 banks terminated upon expiry in October 2019. - FY2020-Q2Drawn Balance Reduced to ZeroAnnual report
「To procure working capital efficiently, our group has entered into an overdraft agreement with 1 relationship bank. To secure stable funding and strengthen its financial base, it has also entered into a syndicated loan agreement with 7 relationship banks that includes a period during which drawdowns may be made in instalments. The undrawn balances under these agreements are as follows.」
While the facility limit was maintained at ¥1.6 billion, drawn borrowings decreased from ¥400 million at 31 March 2019 to zero at the end of the second quarter, resulting in an undrawn balance of ¥1.6 billion. - FY2020-Q1Increase in drawn balanceAnnual report
「To procure working capital efficiently, our group has entered into an overdraft agreement with 1 relationship bank. To secure stable funding and strengthen its financial base, it has also entered into a syndicated loan agreement with 7 relationship banks that includes a period during which drawdowns may be made in instalments. The undrawn balances under these agreements are as follows.」
While the facility limit was maintained at ¥1.6 billion, drawn borrowings increased from ¥400 million at 31 March 2019 to ¥800 million at 30 June 2019, resulting in an undrawn balance of ¥800 million. - FY2019-Q3Reduced facility limits and increased drawn borrowingsAnnual report
「The Group has entered into overdraft agreements with 1 relationship bank (2 in the previous consolidated fiscal year) to efficiently raise working capital, and syndicated loan agreements with 7 relationship banks, with a drawdown period allowing installment borrowings, to secure stable funding and strengthen its financial base. The undrawn balances under these agreements are as follows.」
The limits under the overdraft and syndicated loan agreements decreased from ¥3.1 billion at the end of the previous consolidated fiscal year to ¥1.6 billion, while drawn borrowings increased from ¥800 million to ¥1.3 billion, resulting in an undrawn balance of ¥300 million. - FY2019-Q2Decrease in Drawn AmountsAnnual report
「Our group has entered into overdraft agreements with 2 relationship banks to procure working capital efficiently, and a syndicated loan agreement with 7 relationship banks that permits drawdowns in instalments to secure stable funding and strengthen its financial base.」
The ¥3.1 billion commitment was maintained, while the outstanding drawn balance decreased from ¥800 million at the end of the previous consolidated fiscal year to ¥500 million at the end of the second quarter, leaving an undrawn balance of ¥2.6 billion. - FY2019-Q1Increase in drawn balanceAnnual report
「Our group has entered into overdraft agreements with 2 relationship banks to procure working capital efficiently, and a syndicated loan agreement with 7 relationship banks that permits drawdowns in instalments to secure stable funding and strengthen its financial base.」
The ¥3.1 billion commitment was maintained, while the outstanding drawn balance increased from ¥800 million at the end of the previous consolidated fiscal year to ¥1.3 billion at the end of the first quarter, leaving an undrawn balance of ¥1.8 billion. - FY2018RestatedAnnual report
「As of the end of the current consolidated fiscal year, the group had entered into an overdraft agreement with its relationship banks to procure working capital efficiently, and a syndicated loan agreement with its relationship banks that permits drawdowns in instalments to secure stable funding and strengthen its financial base.」
The policy of procuring working capital and securing stable funding through overdraft and syndicated loan agreements has continued. The outstanding drawn balance at the end of the fiscal year was ¥800 million. - FY2018-Q3AdvancedAnnual report
「To procure working capital efficiently, our group has entered into overdraft agreements with 2 relationship banks (1 bank in the previous consolidated fiscal year). To secure stable funding and strengthen its financial base, it has also entered into a syndicated loan agreement with 7 relationship banks that includes a period during which drawdowns may be made in instalments. The undrawn balances under these agreements are as follows.」
The number of relationship banks providing overdraft facilities increased from 1 to 2, and the combined commitment under the overdraft and syndicated loan agreements increased from ¥1.6 billion to ¥3.1 billion. ¥1,200 million had been drawn, leaving an undrawn balance of ¥1,900 million. - FY2018-Q1First statedAnnual report
「To procure working capital efficiently, our group has entered into an overdraft agreement with 1 relationship bank. To secure stable funding and strengthen its financial base, it has also entered into a syndicated loan agreement with 7 relationship banks that includes a period during which drawdowns may be made in instalments. The undrawn balances under these agreements are as follows.」
To procure working capital efficiently and strengthen its financial base, the group has entered into an overdraft agreement and a syndicated loan agreement with 7 relationship banks. The total commitment is ¥1.6 billion, and there was no outstanding drawn balance at the end of the current quarter.