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Access (4813) · RiskFirst stated

Impact on Deposits Following the Collapse of Silicon Valley Bank

First written in FY2023. . Latest entry: FY2023.

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Impact on Deposits from the Failure of Silicon Valley BankA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2023First statedAnnual report

    「The company’s U.S. subsidiary IP Infusion Inc. (IPI) used Silicon Valley Bank as its principal banking partner and held deposits and other assets of US$11 million with the bank as of 28 February 2023. However, as of 31 March 2023, the transfer of nearly all such funds to banks other than Silicon Valley Bank had been completed, and the event had no material impact on consolidated operating results or financial position.」

    The failure of Silicon Valley Bank was disclosed as an event that could affect the US$11 million in deposits and other assets held by IP Infusion. It was explained that nearly all funds had been transferred by 31 March 2023 and that there was no material impact on consolidated results or financial position.
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Impact on Deposits Following the Collapse of Silicon Valley Bank | ACCESS CO.,LTD. (4813) | Komori