Stabilizing cash flow through repayment deferrals from financial institutions and changes to financial covenants
First written in FY2019. 7 of 14 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「This was mainly due to cash outflows of ¥2,040 million for repayment of short-term borrowings and ¥233 million for repayment of long-term borrowings.」
Repayment of borrowings, including the syndicated loan, progressed, and the balances of short-term and long-term borrowings were eliminated by the end of the fiscal year. The company progressed from pursuing long-term borrowing agreements with financial institutions to a position in which its existing borrowings had been repaid. - 2026-03-31AchievedTimely disclosureSuggests it is closing out
「We and our subsidiary 日本ノズル株式会社 have completed full repayment of the borrowings under the syndicated loan agreement announced on 24 February 2023, as described below.」
Full repayment of the borrowings of the company and 日本ノズル株式会社 under the syndicated loan was completed, in connection with the policy of seeking to enter into a long-term borrowing agreement with financial institutions. The canonical thread itself remains unchanged. - FY2026-H1RestatedAnnual report
「We will also promote efforts toward entering into long-term borrowing agreements with the financial institutions after ensuring that they fully understand our group's business plan.」
A policy of pursuing long-term borrowing agreements was reaffirmed in order to transition away from reliance on short-term amendments to the terms of agreements with financial institutions. - FY2023-Q3RestatedAnnual report
「We will also work toward entering into long-term borrowing agreements with the financial institutions.」
A policy of pursuing long-term borrowing agreements with financial institutions was reaffirmed in order to transition away from reliance on short-term amendments to loan terms. - FY2023-Q2RestatedAnnual report
「We will also work toward entering into long-term borrowing agreements with the financial institutions.」
A policy of pursuing long-term borrowing agreements with financial institutions was reaffirmed as part of the transition away from reliance on short-term amendments to loan terms. - FY2023-Q1RestatedAnnual report
「We will also work toward entering into long-term borrowing agreements with the financial institutions.」
A policy of pursuing long-term borrowing agreements with financial institutions was reaffirmed as part of the transition away from reliance on short-term amendments to loan terms. - FY2022-Q1RestatedAnnual report
「We will also work toward entering into long-term borrowing agreements with the financial institutions.」
A policy of pursuing long-term borrowing agreements with financial institutions was reaffirmed as part of the transition away from reliance on short-term amendments to loan terms. - FY2021ReframedAnnual report
「Although we believe that we will continue to receive support from the financial institutions, as we have been able to maintain close relationships with them, particularly our main bank, our group will work toward entering into long-term borrowing agreements with each financial institution.」
The issue was reframed from stabilizing cash management based on short-term repayment deferrals and amended terms to entering into long-term borrowing agreements with a view to the period from March 2022 onward. - FY2021-Q3AdvancedAnnual report
「Although advances received increased by ¥526 million and notes and accounts payable increased by ¥353 million, liabilities declined by ¥594 million from the end of the previous consolidated fiscal year to ¥5,360 million, due mainly to a ¥465 million decrease in short-term borrowings and a ¥930 million decrease in long-term borrowings due within one year.」
As repayments progressed, short-term borrowings decreased by ¥465 million, long-term borrowings due for repayment within 1 year decreased by ¥930 million, and total liabilities decreased by ¥594 million. The financial stabilization measures based on repayment deferrals and amended terms agreed with financial institutions progressed through actual repayments. - FY2021-Q2AdvancedAnnual report
「Liabilities decreased by ¥257 million from the end of the previous consolidated fiscal year to ¥5,697 million, mainly because short-term borrowings decreased by ¥465 million and long-term borrowings due for repayment within 1 year decreased by ¥901 million.」
Repayment of short-term borrowings and long-term borrowings due within 1 year progressed, reducing liabilities by ¥257 million from the end of the previous consolidated fiscal year. Interest-bearing debt stood at ¥3,207 million. - FY2021-Q1AdvancedAnnual report
「In addition, on 30 April 2020, we made an interim repayment of ¥1,300 million to the lending financial institutions, funded by proceeds from the transfer of diamond wire production equipment and other assets to 江蘇三超社, as well as proceeds from the exercise of stock acquisition rights. We also plan to make further interim repayments of a certain amount as funds are received from 江蘇三超社.」
An interim repayment of ¥1,300 million was made to the financial institutions, and a policy of making additional repayments funded by proceeds from the transfer of equipment and other assets was announced. - FY2020-Q3RestatedAnnual report
「As we have been able to maintain close relationships with each financial institution, particularly our main bank, we believe that we will continue to receive their support.」
It was reconfirmed that the policy is to obtain continued support based on the amended agreements with financial institutions. - FY2020-Q1RestatedAnnual report
「Based on this consent, we have already executed amendments to the terms of the individual bilateral borrowing agreements, and have likewise executed amendments to the terms of the syndicated loan agreement.」
It was reconfirmed that consent to repayment deferrals from financial institutions and amendments to the borrowing agreements had been completed. - FY2019First statedAnnual report
「As of the date of filing this annual securities report, each lending financial institution has agreed to defer repayment of the principal of borrowings through the end of March 2020.」
As a response to material uncertainties regarding the going concern assumption, we obtained the consent of all 13 financial institutions to defer scheduled repayments and also changed the amount of the syndicated loan and the financial maintenance requirements.