Liquidity Risk Relating to Debt Repayment and Cash Management
First written in FY2016. 9 of 28 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2026.
45 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「However, the Group was able to complete the ¥3,500 million refinancing by entering into a standstill memorandum and the first amendment to the loan agreement in August 2025. In December of the same year, it received ¥4,365.501 million through a third-party allotment capital increase under a capital and business alliance with 株式会社キーストーン・パートナース and was also able to refinance the ¥3,500 million short-term borrowing.」
The ¥3,500 million short-term borrowing was refinanced and a ¥4,365 million third-party allotment capital increase was completed, moving measures to address the liquidity risk into the execution stage. - FY2026-H1MitigatedAnnual report
「Following subsequent negotiations between 大黒屋 and its lending banks, the parties entered into a memorandum concerning a standstill on 26 August 2025, obtaining agreement that no rights relating to acceleration or enforcement of collateral would be exercised through 15 December 2025. By entering into an amendment agreement to the loan agreement, the Group was also able to complete the ¥3,500 million refinancing on 29 August 2025.」
For the ¥3,500 million short-term borrowing, the Group obtained a suspension of enforcement rights from the banks through 15 December 2025 and completed the refinancing on 29 August 2025. Measures to address the liquidity risk progressed from the negotiation stage to the execution stage. - FY2025WorsenedAnnual report
「The scheduled refinancing procedure for ¥3,500 million of the short-term borrowings included in the above borrowings was not completed, resulting in a payment default. The Company is reviewing its business plan with the aim of improving management, including reducing investment burdens and monetizing upfront investments.」
The scheduled refinancing procedure for the ¥3,500 million short-term borrowing was not completed, resulting in a payment default. The liquidity risk progressed from the previous stage of refinancing negotiations to an actual payment default. - FY2025-H1WorsenedAnnual report
「Overdraft limit and total lending commitments ¥3,600 million Drawn borrowings ¥3,600 million Difference —」
The ¥3,600 million overdraft and lending commitment facility was fully drawn, reducing the undrawn amount from ¥10 million to zero. The disclosure states that cash management is not a problem because of continuing support from the major banks. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, the Group's net sales declined and it recorded an ordinary loss, creating events or conditions that raised substantial doubt about the going-concern assumption. However, the Group determined that no material uncertainty related to the going-concern assumption existed and that there were no cash flow problems, because joint initiatives with companies in other industries using the pilot version of the "Oteg ar u Brand Purchase" service, which began on 27 May 2024, are expected to advance; exercise of the stock acquisition rights issued through the third-party allotment resolved on 30 November last year is expected to progress; and the Group is expected to provide additional collateral to its major banks and receive their continuing support.」
Events raising substantial doubt about the going-concern assumption were identified against a backdrop of declining sales and an ordinary loss. However, based on joint initiatives, exercise of stock acquisition rights and bank support, the Company determined that no material uncertainty existed. - FY2024-Q3Extension and reduction of overdraft facilityAnnual report
「Overdraft limit and total lending commitments ¥3,500 million ¥3,900 million Drawn borrowings ¥3,500 million ¥3,830 million Difference — ¥70 million」
After refinancing, the financing facility was ¥3,900 million and drawn borrowings were ¥3,830 million, resulting in an undrawn amount of ¥70 million. Meanwhile, as part of the extension of the Resona Bank overdraft agreement, the limit was reduced from ¥500 million to ¥400 million and then to ¥300 million. - FY2024-Q2MitigatedAnnual report
「The existing borrowings will be repaid using the ¥3,600 million commitment line borrowing and ¥1,000 million term loan to be drawn on 23 October 2023 under the new loan agreement. The remaining ¥100 million will be allocated to working capital, completing the refinancing.」
Before the repayment deadline, refinancing totaling ¥4,600 million was completed for existing borrowings of ¥4,500 million, securing a ¥3,600 million commitment line and a ¥1,000 million term loan maturing in 3 years. - FY2024-Q1Overdraft agreement entered into; full financing facility drawnAnnual report
「Overdraft limit and total lending commitments ¥3,500 million ¥4,000 million Drawn borrowings ¥3,500 million ¥4,000 million Difference — —」
The financing facility increased to ¥4,000 million upon entering into the overdraft agreement, but drawn borrowings also reached ¥4,000 million, leaving the undrawn amount at zero. - FY2023-Q3RestatedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
The full amount of the ¥3,500 million total lending commitment had been drawn, reconfirming that there was no undrawn financing capacity. - FY2023-Q2RestatedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
The full amount of the ¥3,500 million total lending commitment had been drawn, reconfirming that there was no undrawn financing capacity. - FY2022RestatedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
Total lending commitments of ¥3,500 million and drawn borrowings of ¥3,500 million remained unchanged, reconfirming that there was no undrawn financing capacity. - FY2022-Q3RestatedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
Both total lending commitments of ¥3,500 million and drawn borrowings of ¥3,500 million remained unchanged, reconfirming that there was no undrawn financing capacity. - FY2022-Q1RestatedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
Both total lending commitments of ¥3,500 million and drawn borrowings of ¥3,500 million remained unchanged from the end of the previous fiscal year, reconfirming that there was no undrawn financing capacity. - FY2021WorsenedAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
Total lending commitments and drawn borrowings were both ¥3,500 million. Although the borrowing facility increased from ¥3,000 million, the undrawn amount remained zero. - FY2021-Q3Increase in borrowing facilities and drawn borrowingsAnnual report
「Total lending commitments: ¥3,500 million; drawn borrowings: ¥3,500 million; difference: —」
Total lending commitments and drawn borrowings were both ¥3,500 million, meaning the increase in the borrowing facility had been fully drawn and the undrawn amount remained zero. - FY2021-Q2MitigatedAnnual report
「On 23 October 2020, our consolidated subsidiary Daikokuya Co., Ltd. obtained total refinancing of ¥5.5 billion from Tokyo Star Bank and Resona Bank, comprising a ¥3.5 billion commitment line and a ¥2.0 billion term loan.」
Refinancing of the long-term borrowings was completed, establishing concrete cash management measures for the approaching repayment date. - FY2021-Q1RestatedAnnual report
「The repayment date for the long-term borrowings is approaching, and discussions with financial institutions regarding refinancing are currently under way.」
With the repayment date for long-term borrowings approaching, refinancing arrangements with financial institutions were under way. Total lending commitments were ¥3,000 million, all of which had been drawn, leaving no undrawn amount. - FY2020-Q3WorsenedAnnual report
「The repayment date for the long-term borrowings is approaching, and discussions with financial institutions regarding refinancing are currently under way.」
As the repayment date for long-term borrowings approached, refinancing arrangements became necessary. 大黒屋's drawn lending commitments totaled ¥3,000 million, leaving no undrawn amount. - FY2020-Q2WorsenedAnnual report
「Total lending commitments: ¥3,000 million; drawn borrowings: ¥3,000 million; difference: —」
Against 大黒屋's total lending commitments of ¥3,000 million, drawn borrowings increased from ¥2,400 million to ¥3,000 million, reducing undrawn financing capacity from ¥600 million to zero. - FY2020-Q1WorsenedAnnual report
「The consolidated subsidiary 株式会社大黒屋 has entered into a lending commitment agreement with The Tokyo Star Bank, Limited to obtain working capital efficiently. The undrawn borrowing amount under these agreements decreased from ¥600 million at the end of the previous consolidated fiscal year to ¥200 million at the end of the first quarter of the current consolidated fiscal year.」
The total lending commitment of ¥3,000 million was maintained, but drawn borrowings increased from ¥2,400 million to ¥2,800 million, reducing undrawn financing capacity from ¥600 million to ¥200 million. - FY2019MitigatedAnnual report
「The consolidated subsidiary 株式会社大黒屋 has entered into a lending commitment agreement with The Tokyo Star Bank, Limited to obtain working capital efficiently. The undrawn borrowing amounts under these agreements were as follows.」
Against 大黒屋's total lending commitments of ¥3,000 million, the undrawn amount was ¥600 million, confirming that financing capacity had been secured. - FY2019-Q2MitigatedAnnual report
「To reduce the financial costs, including interest expense, borne by the SFL Group, on 27 September 2018 the Company borrowed a total of ¥900 million from Resona Bank, Limited and on-lent the same amount to the SFL Group. Using the SFL Group's on-hand liquidity and the funds obtained through the on-loan, the Group fully repaid its borrowings from Gordon Brothers Finance Company on 23 October 2018.」
Using the ¥900 million borrowed and on-lent by the Company and SFL's on-hand liquidity, the Group fully repaid its total borrowings of £10 million from Gordon Brothers Finance Company, advancing measures to address debt repayment and interest costs. - FY2019-Q1RestatedAnnual report
「The consolidated subsidiary 株式会社大黒屋 has entered into a lending commitment agreement with The Tokyo Star Bank, Limited to obtain working capital efficiently. The undrawn borrowing amounts under these agreements were as follows.」
For 大黒屋, the total commitment facility of ¥3,000 million and the undrawn amount of ¥2,000 million were confirmed to remain in place. - FY2018-Q3MitigatedAnnual report
「At a meeting of its board of directors held on 23 October 2017, 株式会社大黒屋 resolved to refinance primarily for the purpose of repaying existing borrowings and entered into loan agreements totaling ¥7,250 million with The Tokyo Star Bank, Limited and CTBC Bank Co., Ltd., Tokyo Branch, including a commitment line agreement providing a financing facility of ¥3,000 million.」
By entering into a refinancing agreement for existing borrowings and securing financing facilities including a commitment line, measures to address debt repayment and cash management became more concrete. - FY2017RestatedAnnual report
「If the Group is unable to find a lender for refinancing because of deteriorating business performance or other factors, or is unable to repay borrowings by their due dates because of a temporary increase in cash outflows, this could have a material impact on the Group's business and financial condition.」
Liquidity risk related to debt repayment and cash management was reiterated. - FY2016First statedAnnual report
「If the Group is unable to find a lender for refinancing because of deteriorating business performance or other factors, or is unable to repay borrowings by their due dates because of a temporary increase in cash outflows, this could have a material impact on the Group's business and financial condition.」
The risk is managed through cash flow planning and the maintenance of on-hand liquidity, while the risk of repayment difficulties resulting from an inability to refinance or increased cash outflows is disclosed.