¥7,000 Million in Long-Term Borrowings to Fund Business Operations
First written in FY2020-Q2. 1 of 3 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2020.
6 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「In addition to the above, during the current consolidated fiscal year the Company raised ¥7 billion in new financing from financial institutions, in preparation for the uncertain conditions arising from the spread of COVID-19 and in consideration of the need to increase cash on hand and liquidity.」
The ¥7 billion in total business financing disclosed in the second quarter of the previous fiscal year was described as financing completed during the current consolidated fiscal year. - FY2020-Q3AdvancedAnnual report
「Long-term borrowings 7,935 13,493」
The balance of long-term borrowings increased from ¥7,935 million at the end of the previous consolidated fiscal year to ¥13,493 million, confirming in the financial statements the increase in borrowings following the business financing disclosed in the previous quarter. - FY2020-Q2First statedAnnual report
「For the purpose of applying the funds to future business operations, the Company separately agreed with financial institutions on the following financing arrangements, some of which have already been executed. Borrowing amount: ¥7 billion in total; borrowing dates: from late April 2020 to mid-May 2020; borrowing period: 10 years; assets pledged as collateral or guarantees: none.」
The Company disclosed financing of ¥7 billion in total from The Hachijuni Bank, MUFG Bank and Mizuho Bank, with the borrowings intended to fund future business operations and having a 10-year term. Some of the borrowings were drawn from late April to mid-May 2020, with no collateral or guarantees.