Preparing for unforeseen funding needs through commitment lines
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「Following the containment of the COVID-19 pandemic, the commitment line agreement with our main bank expired. There had been no borrowings under the agreement.」
The commitment line agreement with the main bank, which had been maintained as a safeguard against unforeseen funding needs, expired following the containment of the COVID-19 pandemic. - FY2023RestatedAnnual report
「We have also continued the commitment line agreement with our main bank to prepare for an economic slowdown resulting from the prolonged COVID-19 pandemic in China. There have been no borrowings under the agreement.」
The company continues its commitment line agreement with its main bank as a safeguard against unforeseen funding needs and reaffirmed that there have been no borrowings. - FY2021RestatedAnnual report
「We have also entered into commitment line agreements with multiple lending banks to prepare for unforeseen events, including a prolonged U.S.-China trade dispute and a deterioration in economic conditions accompanying the global spread of COVID-19, but there have been no borrowings under these agreements.」
The company maintains commitment line agreements as a safeguard against unforeseen funding needs and reaffirmed that there have been no borrowings under the agreements. - FY2020First statedAnnual report
「We have also entered into commitment line agreements with multiple lending banks to prepare for unforeseen events, including a prolonged U.S.-China trade dispute and a deterioration in economic conditions accompanying the global spread of COVID-19, but there have been no borrowings under these agreements.」
To prepare for unforeseen circumstances such as a deterioration in economic conditions, the company disclosed commitment line agreements with multiple banks as a new measure to secure funding liquidity. There have been no borrowings under the agreements.