Commitment line for stable and efficient working capital funding
First written in FY2018-Q2. 1 of 5 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2019.
- FY2019DroppedAnnual report
「The commitment line agreement entered into by the company on 29 September 2017 ended upon expiration on 28 September 2018.」
The ¥1 billion commitment line agreement ended upon expiration on 28 September 2018, leaving both the commitment and drawn balances at zero at the end of the current consolidated fiscal year. - FY2019-Q1Zero drawn balance at period-endAnnual report
「The company entered into a commitment line agreement on 29 September 2017. Borrowings under this agreement at the end of the first quarter of the current consolidated fiscal year were as follows: commitment line: ¥1,000 million; drawn balance: nil; undrawn balance: 1,000.」
Under the ¥1 billion commitment line, the drawn balance at the end of the first quarter was zero and the undrawn balance was ¥1 billion. This changed from the ¥600 million drawn at the end of the previous fiscal year. - FY2018Change in drawn balance at period-endAnnual report
「The company entered into a commitment line agreement on 29 September 2017. Borrowings under this agreement at the end of the current consolidated fiscal year were as follows: commitment line: ¥1,000 million; drawn balance: 600; undrawn balance: 400.」
Under the ¥1 billion commitment line, the drawn balance at fiscal year-end was ¥600 million and the undrawn balance was ¥400 million. This changed from the ¥700 million drawn at the end of the third quarter. - FY2018-Q3AdvancedAnnual report
「The company entered into a commitment line agreement on 29 September 2017. Borrowings under this agreement at the end of the third quarter of the current consolidated fiscal year were as follows: commitment line: ¥1,000 million; drawn balance: 700; undrawn balance: ¥300 million.」
Under the ¥1 billion commitment line, ¥700 million had been drawn at the end of the third quarter, leaving ¥300 million undrawn. The figures show that the agreement was being used to fund actual working capital needs. - FY2018-Q2First statedAnnual report
「To secure working capital on a stable and efficient basis, the company entered into a commitment line agreement with Sumitomo Mitsui Banking Corporation as arranger. Commitment amount: ¥1 billion in total. Agreement date: 29 September 2017. Agreement period: 29 September 2017 to 28 September 2018.」
The company newly entered into a ¥1 billion commitment line agreement from 29 September 2017 to 28 September 2018 as a source of working capital funding. The agreement also includes financial covenants requiring net assets of at least 75% and no operating loss.