Securing Cash on Hand in Preparation for the Spread of COVID-19
First written in FY2021-Q1. 3 of 5 entries say "Restated". Latest entry: FY2022.
22 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Amid the spread of COVID-19, the company procured long-term borrowings to secure cash on hand in preparation for changes in the financial environment.」
Amid the spread of the infection, the company continued to secure cash on hand through long-term borrowings in preparation for changes in the financial environment. - FY2021RestatedAnnual report
「The main factor behind the increase in liabilities was a ¥1,086 million increase in borrowings from the end of the previous fiscal year, resulting from procuring long-term borrowings to meet funding needs for securing cash on hand, the additional acquisition of shares in 双福鋼器株式会社 and capital investment amid the spread of COVID-19.」
The company confirmed for the full fiscal year that it had secured cash on hand amid the spread of the infection, taken out long-term borrowings for the full acquisition of 双福鋼器 and undertaken capital investment. - FY2021-Q3RestatedAnnual report
「The main factor behind the increase in liabilities was a ¥1,893 million increase in borrowings from the end of the previous fiscal year, resulting from procuring long-term borrowings to respond flexibly to funding needs for the additional acquisition of shares in 双福鋼器株式会社 and capital investment amid the spread of COVID-19.」
The company continued to procure long-term borrowings to meet funding needs amid the spread of the infection, with the additional acquisition of shares in 双福鋼器 and capital investment in mind. - FY2021-Q2Continued efforts to secure cash on handAnnual report
「The main factor behind the increase in liabilities was a ¥3,223 million increase in borrowings from the end of the previous fiscal year, resulting from bringing forward the procurement of long-term borrowings to secure cash on hand.」
In preparation for changes in the financial environment caused by the spread of the infection, the company brought forward the procurement of long-term borrowings and increased borrowings by ¥3,223 million from the end of the previous fiscal year. Cash and deposits increased by ¥1,905 million from the end of the previous fiscal year. - FY2021-Q1First statedAnnual report
「The main reasons for the increase in total assets were a ¥4,185 million increase in cash and deposits from the end of the previous fiscal year in preparation for changes in financial conditions resulting from the spread of COVID-19, and a ¥512 million increase in inventories from the end of the previous fiscal year due to planned production in preparation for an anticipated sharp recovery in sales. The main reason for the increase in liabilities was a ¥4,740 million increase in borrowings, resulting from the early procurement of long-term borrowings to secure cash on hand.」
The Group increased cash and deposits by ¥4,185 million and raised long-term borrowings ahead of schedule to secure liquidity in preparation for changes in financial conditions caused by the pandemic.