Conflict-of-interest loans to the representative director and president
First written in FY2017-Q2. 2 of 6 entries say "Achieved", first in FY2017. Latest entry: FY2024.
0 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「Short-term loans (Note 3) 1,100,000” “As of the date of submission of this document, the full amount has been collected.」
The ¥1.1 billion conflict-of-interest loan to Catalyst株式会社 was reported as fully collected as of the date of submission of this document. - FY2024-Q1Repayment date extended by one yearAnnual report
「Original repayment date: 4 July 2023 Extended repayment date: 4 July 2024」
The repayment date for the ¥1.1 billion conflict-of-interest loan to Catalyst株式会社 at an interest rate of 6.0% per annum was extended from 4 July 2023 to 4 July 2024. - FY2023-Q1AdvancedAnnual report
「Based on a resolution adopted at an extraordinary meeting of the Board of Directors held on 5 July 2022, the Company provided a loan on 5 July 2022 to Catalyst株式会社, another affiliated company of the Company represented by Junichi Tanabe (田辺順一), the Company's Representative Director, on the following terms: (1) loan amount, ¥1,100,000,000; (2) interest rate, 6.0% per annum; (3) repayment date, 4 July 2023.」
Separate from the previous conflict-of-interest loan to the individual Representative Director, an ¥1.1 billion loan was executed to an affiliated company represented by the Representative Director. The loan carried an interest rate of 6.0% per annum and a repayment date of 4 July 2023, and was reviewed by the committee and the Board of Directors as a conflict-of-interest transaction. - FY2017AchievedAnnual report
「Funds lent (Note 2) 350,000 Funds collected (Note 2) 350,000 Interest received (Note 2) 4,202」
In connection with the ¥350 million loan to the Representative Director and President, collection of the same amount of principal and ¥4.202 million in interest received were reported as related-party transactions, confirming collection of the original loan principal. - FY2017-Q3RestatedAnnual report
「This was mainly due to an increase of ¥265 million in cash and deposits from the collection of operating loans in the money-lending business, as well as the origination of ¥200 million in short-term loans to Company officers, while operating loans decreased by ¥824 million, among other factors.」
The analysis of the Company's financial position reports ¥200 million in short-term loans to Company officers. As the text does not specify whether these were the same as the existing loan to the Representative Director and President, nor does it state the repayment status or any changes to the terms, it should not be concluded that the terms of a new loan were changed. - FY2017-Q2First statedAnnual report
「Based on a resolution adopted at an extraordinary meeting of the Board of Directors held on 29 September 2016, the Company provided a loan on 3 October 2016 to Junichi Tanabe (田辺順一), the Company's Representative Director and President, on the following terms: loan amount, ¥350,000,000; interest rate, 4.0% per annum; repayment date, 30 September 2017; collateral, 5,863,566 shares of the Company held by Junichi Tanabe (田辺順一). In view of the fact that this loan constituted a conflict-of-interest transaction, the Company conducted a thorough preliminary review through the Committee for Strengthening the Internal Control System of the necessity of the loan, the appropriateness of the transaction terms, the adequacy of the collateral and the collectability of the loan, among other matters.」
A ¥350 million loan to the Representative Director and President was executed on 3 October 2016, with an interest rate of 4.0% per annum, a repayment date of 30 September 2017, and shares held by the borrower as collateral. The transaction was reviewed by the Committee for Strengthening the Internal Control System and the Board of Directors as a conflict-of-interest transaction.