Securing Liquidity Through Syndicated Loans and Commitment Lines
First written in FY2022. 3 of 11 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
- FY2026MitigatedAnnual report
「As of 31 March 2026, the amount drawn was ¥1,200 million and the undrawn amount was ¥7,300 million against the ¥8,500 million commitment line limit. We have secured appropriate funding capacity for the Group's business operations and are securing stable funding for the business and working capital by selectively pursuing and limiting investments and improving the Group's earnings power, including by turning operating profit positive.」
The amount drawn under the commitment line decreased from the previously disclosed ¥5,300 million to ¥1,200 million, while the undrawn amount increased to ¥7,300 million. - 2026-06-06AdvancedGeneral Meetings of Shareholders
「As of 31 March 2026, the amount drawn under the ¥8,500 million commitment line was ¥1,200 million, leaving ¥7,300 million undrawn.」
Regarding liquidity, the Company reports that ¥7,300 million of the ¥8,500 million commitment line remained undrawn at period-end. - FY2026-H1Update on commitment line utilizationAnnual report
「As of 30 September 2025, the amount drawn was ¥5,300 million and the undrawn amount was ¥3,200 million against the ¥8,500 million commitment line limit. We have secured appropriate funding capacity for the Group's business operations and are securing stable funding for the business and working capital by selectively pursuing and limiting investments and improving the Group's earnings power, including by turning operating profit positive.」
Of the ¥8,500 million commitment line, ¥5,300 million is drawn and ¥3,200 million remains undrawn. The company states that it will secure business and working capital through investment restraint and improved earnings power. - FY2025-H1AdvancedAnnual report
「Under this DDS, ¥6,000 million of the Company's existing borrowings totaling approximately ¥17,600 million will be converted into a capital-like subordinated loan maturing on 31 March 2033, which will make a significant contribution to stabilizing the Company's cash flow.」
A debt-for-debt swap was executed to convert ¥6,000 million of existing borrowings of approximately ¥17,600 million into a capital-like subordinated loan maturing on 31 March 2033. In addition, the maturities of the syndicated loan and other facilities were changed to 31 March 2028, and total commitments were increased to ¥5,500 million. - FY2024-Q3Further extension of the repayment and commitment maturities under financing agreementsAnnual report
「In connection with the execution of an amendment agreement dated 27 December 2023, the repayment date of the syndicated loan was changed from 29 December 2023 to 29 February 2024.」
The repayment date and commitment maturity dates for the syndicated loan totaling ¥30,300 million and commitment lines totaling ¥3,000 million and ¥4,500 million were further extended to 29 February 2024. - FY2024-Q2Further extension of the repayment and commitment maturities under financing agreementsAnnual report
「In connection with the execution of an amendment agreement dated 26 September 2023, the repayment date of the syndicated loan was changed from 29 September 2023 to 29 December 2023.」
The repayment date and commitment maturity date for the existing syndicated loan totaling ¥30,300 million and commitment line totaling ¥3,000 million were changed to 29 December 2023. An amendment agreement was also entered into for the ¥4,500 million commitment line, setting the same maturity date. - FY2024-Q1Change in financing agreement maturitiesAnnual report
「In connection with the execution of an amendment agreement dated 30 June 2023, the commitment maturity date was changed to 29 September 2023.」
For the ¥4,500 million commitment line secured by the Samukawa Plant, the commitment maturity date was changed to 29 September 2023. The undrawn amount is ¥4,500 million. - FY2023-Q3RestatedAnnual report
「In this way, we have increased on-hand liquidity to respond to rapid changes in the external environment, and as of the end of the third quarter of the current consolidated accounting period, we held total undrawn commitment lines of ¥7,500 million.」
The company continues to disclose liquidity measures, including the sale of the Ayase Plant land and the ¥4,500 million commitment line agreement, as well as total undrawn commitment lines of ¥7,500 million. - FY2023-Q2AdvancedAnnual report
「In addition to these measures, as a backup plan to improve cash flow, in August 2022 we sold the land at the Ayase Plant of Kasai Support Services Co., Ltd., a Group company, and in September 2022 entered into a new commitment line agreement of ¥4,500 million secured by the Samukawa Plant owned by the Company.」
In addition to existing financing measures, the company entered into a ¥4,500 million commitment line agreement on 30 September 2022. The total undrawn amount, including the existing agreements, is stated as ¥7,500 million. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 26 May 2022, the Company resolved to enter into a syndicated loan agreement totaling ¥30,300 million and a commitment line agreement totaling ¥3,000 million with Resona Bank, Limited as lender, and entered into both agreements on the same day.」
The company continues to disclose the terms, execution date, repayment date, use of proceeds, and financial covenants for the syndicated loan totaling ¥30,300 million and the commitment line totaling ¥3,000 million, which are intended to secure stable financing and stabilize the financial base. - FY2022First statedAnnual report
「In light of the uncertain outlook due to the COVID-19 pandemic, semiconductor supply shortages, and soaring raw material prices, among other factors, the purpose is to achieve stable financing and further strengthen the stability of the Group's financial base.」
On 26 May 2022, the company entered into a syndicated loan agreement totaling ¥30,300 million and a commitment line agreement totaling ¥3,000 million, newly describing measures to prepare for repayment of existing borrowings, business funding, and emergency funding needs. The repayment date is 28 April 2023.