Early repayment of the syndicated loan using proceeds from the business transfer
First written in FY2018-Q1. 3 of 5 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2020.
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- FY2020AdvancedAnnual report
「Funds provided by financing activities amounted to ¥493 million, compared with ¥16 million in the previous fiscal year. This was mainly because the Company raised working capital as the collection period for accounts receivable under its collection-guaranteed shopping credit business lengthened, and raised funds for M&A to expand the business. The amount consisted of a ¥490 million increase in short-term borrowings, ¥825 million in proceeds from long-term borrowings, and ¥666 million in payments for the repayment of long-term borrowings.」
The Company increased short-term borrowings by ¥490 million and raised ¥825 million through long-term borrowings to finance working capital and M&A. - FY2018AdvancedAnnual report
「During the fiscal year, the Company received proceeds from the transfer of a business and from the sale of shares in a subsidiary in connection with its withdrawal from the business, and allocated part of these proceeds to the early repayment of the syndicated loan. Accordingly, we believe the Company has considerable flexibility in financing future funding needs associated with investments such as M&A. This was mainly attributable to a ¥105 million decrease in short-term borrowings, ¥1.219 billion in payments for the repayment of long-term borrowings, and ¥67 million in dividend payments.」
Proceeds from the business withdrawal were allocated to the repayment of borrowings, and ¥1.219 billion in long-term borrowings was repaid. This was linked to flexibility in financing future M&A investments. - FY2018-Q3RestatedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
The measure of allocating proceeds from the business transfer to the early repayment of the syndicated loan to reduce interest expense continues to be described. - FY2018-Q2AdvancedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
In addition to allocating proceeds from the business transfer to the early repayment of the syndicated loan, ¥1.127 billion in payments for the repayment of long-term borrowings was recorded, making the actual repayment of borrowings more concrete. - FY2018-Q1First statedAnnual report
「reducing interest expense by applying proceeds from the business transfer to the early repayment of the syndicated loan」
A financial measure of applying proceeds from a business transfer to the early repayment of syndicated loans was described in specific terms for the first time.