Working Capital Financing and Liquidity Secured in Preparation for COVID-19
First written in FY2020. 1 of 2 entries say "Raised", first in FY2021. Latest entry: FY2021.
1 other company's latest entry also says "Raised".
- FY2021RaisedAnnual report
「During the consolidated fiscal year, the company raised a total of ¥4 billion from its main financial institution counterparties to maintain stable business operations. It also entered into overdraft agreements totaling ¥5.3 billion with its main financial institution counterparties to enable flexible and stable financing in response to changes in the business environment.」
The scale of liquidity secured increased from the previous fiscal year's ¥1 billion commitment line and ¥3.3 billion in overdraft agreements to ¥4 billion in financing and ¥5.3 billion in overdraft agreements during the current fiscal year. - FY2020First statedAnnual report
「During the consolidated fiscal year, the company raised a total of ¥1 billion under commitment line agreements to maintain stable business operations. It also entered into overdraft agreements totaling ¥3.3 billion with its main financial institution counterparties to enable flexible and stable financing in response to changes in the business environment.」
To secure stable working capital, the company established a ¥1 billion commitment line and ¥3.3 billion in overdraft agreements. In addition, as a subsequent event, the parent company and フェニテック drew COVID-19 response borrowings of ¥2.5 billion and ¥1.5 billion, respectively.