KAPPA・CREATE CO.,LTD. (7421) · InitiativeElimination of overdraft facilities and outstanding drawn borrowings
Addressing Liquidity Risk Through an Overdraft Facility
First written in FY2021. . Latest entry: FY2022.
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Securing liquidity through commitment lines and other facilitiesA theme 390 companies write about · 41 as a headwind · 350 as a tailwind
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Showing 14 of the 199 companies compared. The sentences above are computed from all 199.Comparing 200 of the theme's 394 threads.Full recordFilings, disclosures and news, newest first
- FY2022Elimination of overdraft facilities and outstanding drawn borrowingsAnnual report
「We had entered into overdraft agreements with 2 relationship banks to obtain working capital efficiently.」
The overdraft limit of ¥8 billion and outstanding drawn borrowings of ¥4 billion at the end of the previous fiscal year both fell to zero at the end of the current fiscal year. - FY2022-Q2Zero outstanding drawn borrowings and reduction in overdraft facilitiesAnnual report
「To efficiently finance working capital, the company has entered into overdraft agreements with 2 of its relationship banks.」
Under the overdraft agreement, outstanding drawn borrowings fell from ¥4 billion at the end of the previous fiscal year to zero at the end of the second quarter of the current fiscal year. Meanwhile, the overdraft limit was reduced from ¥8 billion to ¥4 billion, resulting in a net amount of ¥4 billion. - FY2021First statedAnnual report
「To prepare for liquidity risk arising from unexpected funding needs, we secure overdraft facilities with major banks.」
Secured ¥8 billion in overdraft facilities with 2 relationship banks and disclosed for the first time the liquidity measures in place for unexpected funding needs.