Working Capital Funding Through a Syndicated Commitment Line
First written in FY2021-Q3. 8 of 11 entries say "Restated". Latest entry: FY2026-H1.
Muromachi Chemicals moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
2 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「The company has entered into commitment line agreements with 2 transaction banks to secure short-term working capital flexibly and stably. It has also entered into overdraft agreements with 2 transaction banks. The undrawn borrowing capacity under these agreements at the end of the interim accounting period was as follows.」
The structure changed from the previous arrangement to one combining commitment lines with 2 transaction banks and overdraft agreements with 2 banks. The total contract amount was ¥1,600 million, with no borrowings drawn and ¥1,600 million undrawn. - FY2025-H1ReframedAnnual report
「The company has entered into commitment line agreements with 3 transaction banks to secure short-term working capital flexibly and stably. It has also entered into overdraft agreements with 2 transaction banks. The undrawn borrowing capacity under these agreements at the end of the interim accounting period was as follows: total commitment lines and overdraft agreements, ¥2,500 million; borrowings drawn, ¥10 million; undrawn amount, ¥2,490 million.」
The disclosure changed from the previous structure involving commitment lines with 5 banks to a structure combining commitment lines with 3 banks and overdraft agreements with 2 banks. The total contract amount was ¥2,500 million. - FY2024-Q2RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably. The undrawn commitments at the end of the second quarter accounting period under this agreement are as follows.」
The company continues to maintain commitment lines totaling ¥1,650 million with 5 banks. At the end of the second quarter, borrowings drawn amounted to ¥100 million, with ¥1,550 million undrawn. - FY2024-Q1RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably. The undrawn commitments at the end of the first quarter accounting period under this agreement are as follows.」
The company continues to maintain commitment lines totaling ¥1,650 million with 5 banks. At the end of the quarter, borrowings drawn amounted to ¥200 million, with ¥1,450 million undrawn. - FY2023-Q3RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably. The undrawn commitments at the end of the third quarter accounting period under this agreement are as follows.」
The company continues to maintain commitment line agreements totaling ¥1,650 million with 5 banks. At the end of the third quarter accounting period, borrowings drawn amounted to ¥850 million, with ¥800 million undrawn. - FY2023-Q2RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably. The undrawn commitments at the end of the second quarter accounting period under this agreement are as follows.」
The company continues to maintain a syndicated committed credit facility totaling ¥1,650 million with 5 banks. - FY2023-Q1RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably. The undrawn commitments at the end of the first quarter accounting period under this agreement are as follows.」
The company continues to maintain a syndicated committed credit facility with 5 banks. Total commitments were ¥1,650 million, outstanding borrowings were ¥900 million, and undrawn commitments were ¥750 million. - FY2022RestatedAnnual report
「For borrowings from financial institutions, the company has entered into a syndicated committed credit facility agreement with its relationship financial institutions, with a borrowing limit of ¥1,650 million for working capital, establishing a stable funding structure.」
The company continues to maintain a stable working capital funding structure through a ¥1,650 million syndicated committed credit facility. - FY2022-Q3RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably.」
The company continues to maintain a syndicated committed credit facility with 5 banks. At the end of the third quarter, total commitments were ¥1,650 million, outstanding borrowings were ¥750 million, and undrawn commitments were ¥900 million. - FY2022-Q1RestatedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably.」
The company continues to maintain a syndicated committed credit facility with 5 banks. At the end of the first quarter, total commitments were ¥1,650 million and outstanding borrowings were ¥750 million. - FY2021-Q3First statedAnnual report
「The company has entered into a syndicated committed credit facility agreement with 5 relationship banks to obtain short-term working capital flexibly and stably.」
The company describes the committed credit facility agreements with 5 relationship banks as a means of financing short-term working capital. Both the total commitment and outstanding borrowings are ¥1,650 million.