Securing liquidity through commitment lines and overdraft facilities
First written in FY2018. 11 of 18 entries say "Advanced", first in FY2019. Latest entry: FY2026.
- FY2026Lower cash balance; credit facilities maintainedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥153,366 million in cash and deposits as standby funds for necessary working capital and growth investment, and also had total borrowing facilities of ¥278,000 million.」
While maintaining ¥278.0 billion in borrowing facilities for growth investment and liquidity, cash and deposits declined from ¥200.36 billion in the previous fiscal year to ¥153.366 billion. - 2026-06-01RestatedGeneral Meetings of Shareholders
「Undrawn balance of overdraft agreements: ¥171,954 million Undrawn balance of loan commitment agreements: ¥114,000 million」
The status of liquidity secured through overdraft agreements and loan commitment agreements was updated. - FY2025RestatedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥200,360 million in cash and deposits as standby funds for necessary working capital and growth investment, and also had total borrowing facilities of ¥278,000 million.」
The company maintained ¥200.36 billion in cash and deposits and ¥278.0 billion in borrowing facilities to support growth investment and secure liquidity. - FY2024AdvancedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥219,810 million in cash and deposits and cash equivalents as standby funds for necessary working capital and growth investment, and also had total borrowing facilities of ¥278,000 million.」
After the acquisition of Rovio, the company maintained ¥219.81 billion in cash and cash equivalents and total borrowing facilities of ¥278.0 billion, continuing to prepare for growth investment and liquidity needs. - FY2024-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 January 2024, the company resolved to refinance, as long-term borrowings, the funds borrowed to pay the costs of the tender offer for Rovio Entertainment Corporation. ……(3) Total borrowings: ¥105.0 billion ……(5) Borrowing date: 31 January 2024 ……(6) Borrowing term: 7 years」
The company entered into an agreement to refinance ¥105.0 billion of funds borrowed to finance the acquisition of Rovio with a 7-year term loan, which was drawn down on 31 January 2024. It extended the maturity of acquisition financing after the acquisition. - FY2024-Q2AdvancedAnnual report
「Cash and cash equivalents at the end of the second quarter of the current consolidated fiscal period increased by ¥24,221 million from the end of the previous consolidated fiscal year to ¥203,730 million.」
Although cash flows from investing activities resulted in an outflow of ¥99,640 million, including ¥79,052 million for the acquisition of shares in Rovio, the company drew ¥100,485 million in short-term borrowings and secured ¥203,730 million in cash and cash equivalents. - FY2023AdvancedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥179,509 million in cash and deposits, equivalent to approximately 6 months of monthly sales, and total borrowing facilities of ¥288,000 million after increasing the committed credit line at the standalone company by ¥35,000 million and the overdraft facility by ¥20,000 million, in anticipation of securing funds for future growth investments.」
In anticipation of securing funds for growth investments, total borrowing facilities were increased to ¥288.0 billion, while cash and deposits of ¥179.509 billion were also secured. - FY2022AdvancedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥152,459 million in cash and deposits, equivalent to approximately 6 months of monthly sales, and borrowing facilities of ¥233,000 million after increasing the overdraft facility at the standalone company by ¥20,000 million.」
The overdraft facility was increased by ¥20.0 billion, securing ¥152.459 billion in cash and deposits and ¥233.0 billion in borrowing facilities at year-end. The scale of liquidity secured expanded from the ¥213.0 billion borrowing facilities held at the end of the previous fiscal year. - FY2021AdvancedAnnual report
「At the end of the current consolidated fiscal year, the company held ¥154,972 million in cash and deposits, equivalent to approximately 5 months of monthly sales in the previous consolidated fiscal year, and borrowing facilities of ¥213,000 million after increasing its committed credit line and overdraft facilities at the standalone company by a combined ¥68,000 million.」
Borrowing facilities were increased in light of infectious disease risk, maintaining liquidity through ¥154,972 million in cash and deposits and ¥213,000 million in borrowing facilities at year-end. - FY2021-Q3AdvancedAnnual report
「During the nine-month period of the current consolidated fiscal year, the company scrutinised the risks to each business from COVID-19 and considered the impact on cash flow. As a result, it increased its committed credit line and overdraft facilities by a combined ¥68,000 million and drew down ¥30,000 million under the overdraft facility. At the end of the third quarter of the current consolidated fiscal year, it had secured liquidity of ¥334,417 million, comprising ¥151,417 million in cash and deposits, equivalent to approximately 5 months of average monthly sales in the previous consolidated fiscal year, and ¥183,000 million of undrawn committed credit lines and overdraft facilities at the standalone company.」
In light of the infectious disease risk, borrowing facilities were increased by ¥68,000 million and ¥30,000 million was drawn down. Liquidity comprising cash and deposits plus undrawn borrowing facilities totalled ¥334,417 million, up from ¥307,182 million in the previous quarter. - FY2021-Q2AdvancedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, the company had secured liquidity of ¥307,182 million, comprising ¥139,182 million in cash and deposits, equivalent to approximately 4.6 months of average monthly sales in the previous consolidated fiscal year, and ¥168,000 million of undrawn committed credit lines and overdraft facilities at the standalone company.」
Even after increasing and drawing down the borrowing facilities in response to the impact of COVID-19, liquidity comprising cash and deposits plus undrawn borrowing facilities was maintained at ¥307.182 billion, above the previous target level of ¥300.0 billion. - FY2021-Q1AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, the company scrutinised the risks to each business from COVID-19 and considered the impact on cash flow. As a result, it increased its overdraft facility by ¥50,000 million and drew down ¥30,000 million under the facility. At the end of the first quarter of the current consolidated fiscal year, it had secured liquidity of ¥322,063 million, comprising ¥157,063 million in cash and deposits, equivalent to approximately 5 months of average monthly sales in the previous consolidated fiscal year, and ¥165,000 million of undrawn committed credit lines and overdraft facilities at the standalone company.」
In light of the impact of COVID-19, the overdraft facility was increased by ¥50.0 billion and ¥30.0 billion was drawn down. Liquidity comprising cash and deposits plus undrawn borrowing facilities totalled ¥322.063 billion. - FY2020-Q3RestatedAnnual report
「There were no significant changes in the sources of capital or liquidity during the nine-month period of the current consolidated fiscal year.」
The company has reaffirmed that there have been no significant changes in its sources of capital or liquidity. - FY2020-Q2AdvancedAnnual report
「The company issued straight bonds on the following terms: Total issue amount: ¥10,000 million; issue date: 10 October 2019; interest rate: 0.380% per annum; maturity date: 10 October 2029; use of proceeds: repayment of borrowings and redemption of bonds.」
After the end of the second quarter, the company issued ¥10,000 million of straight bonds and raised funds for the repayment of borrowings and redemption of bonds. It also stated that there were no significant changes in the sources of capital or liquidity during the six-month period of the second quarter. - FY2019AdvancedAnnual report
「With regard to external financing, and in anticipation of entering the domestic IR market as a pillar of its long-term business strategy, the company defines on-hand liquidity as cash and deposits plus borrowing facilities from financial institutions, comprising a ¥55,000 million committed credit line and an ¥85,900 million overdraft facility. It is working to secure its target level of ¥300,000 million.」
The total committed credit line and overdraft facilities increased from ¥130,400 million in the previous fiscal year to ¥140,900 million, and a ¥300,000 million on-hand liquidity target was specified in anticipation of entering the domestic IR market. - FY2019-Q3RestatedAnnual report
「There were no significant changes in the sources of capital or liquidity during the nine-month period of the current consolidated fiscal year.」
The company has reaffirmed that there have been no significant changes in its sources of capital or liquidity. - FY2019-Q2RestatedAnnual report
「There were no significant changes in the sources of capital or liquidity during the six-month period of the current consolidated fiscal year.」
No significant changes in the sources of capital or liquidity were reported. - FY2018First statedAnnual report
「To secure on-hand liquidity and respond promptly to unexpected funding needs, the group has established total borrowing facilities of ¥130.4 billion, comprising a ¥55.0 billion committed credit line and a ¥75.4 billion overdraft facility, in preparation for liquidity risk.」
Total undrawn borrowing facilities of ¥130.4 billion have been established to prepare for unexpected funding needs.