Establishing a commitment line in preparation for COVID-19 and the joint business with Lawson
First written in FY2021-Q3. 5 of 12 entries say "Softened", first in FY2022. Latest entry: FY2025.
22 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In addition, the Company has secured liquidity by using the commitment line and overdraft facilities in line with its forecasts, as well as by taking out long-term borrowings.」
The Company continues to secure liquidity through commitment lines, overdrafts and long-term borrowings based on its cash-flow forecasts. - FY2024-Q3SoftenedAnnual report
「As stated in “4. Financial Information, 1. Quarterly Consolidated Financial Statements, Notes (Material Subsequent Events),” the commitment line agreement with the Company’s principal banks was renewed effective 1 December 2023. In light of recent business performance, the borrowing limit was reduced from ¥2,000 million to ¥1,000 million.」
The commitment line agreement was renewed effective 1 December 2023, but the borrowing limit was reduced from ¥2,000 million to ¥1,000 million in light of recent business performance. - FY2024-Q1SoftenedAnnual report
「In addition to these circumstances, regarding financing, we have secured near-term funds through a ¥2,000,000 thousand commitment line agreement with our principal bank. We have also entered into overdraft agreements totaling ¥700,000 thousand with our other transaction banks, although each drawdown requires review, and therefore have no significant concern regarding liquidity.」
The ¥2,000 million commitment line was maintained, while overdraft agreements totaled ¥700 million, down from the total stated for the previous fiscal year. - FY2023SoftenedAnnual report
「Regarding financing, we have entered into a ¥2,000 million commitment line agreement with our principal bank, although it contains financial covenants, enabling flexible liquidity management. We will strengthen our management structure so that we can respond immediately on the financing side if the plan deviates from target.」
The ¥2,000 million commitment line was maintained, while the total amount including the overdraft limit was ¥3,000 million, down from ¥4,100 million in the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「Effective 1 December 2022, the company entered into a commitment line agreement as set out below. 1. Purpose of establishing the commitment line: to strengthen and stabilize the financial position by securing flexible and stable financing in preparation for changes in the business environment resulting from COVID-19. 2. Overview of the commitment line agreement: (2) Borrowing limit: ¥2,000 million; (4) Contract period: 1 December 2022 to 30 November 2023 (1 year)」
Following the previous agreement, the company renewed and entered into a commitment line agreement with a borrowing limit of ¥2,000 million for the period from 1 December 2022 to 30 November 2023. - FY2023-Q2SoftenedAnnual report
「Regarding financing, we have secured near-term funds through a ¥2,000 million commitment line agreement with our principal bank. In addition, we have entered into overdraft agreements totaling ¥1,500 million with our other transaction banks, although each drawdown requires review, and therefore have no significant concern regarding liquidity.」
The ¥2,000 million commitment line was maintained, while overdraft agreements totaled ¥1,500 million. The combined total of overdrafts and the commitment line declined from ¥4,100 million at the end of the previous fiscal year to ¥3,500 million at the end of the current quarter. The requirement for review each time the facilities are used was also specified. - FY2022SoftenedAnnual report
「Regarding financing, we have entered into a ¥2,000 million commitment line agreement with our principal bank, enabling flexible liquidity management. We will strengthen our management structure so that we can respond immediately on the financing side if the plan deviates from target.」
While the ¥2,000 million commitment line continued, the total amount of overdraft agreements was updated from the previously stated ¥2,400 million to ¥2,100 million. - FY2022-Q3AdvancedAnnual report
「Effective 1 December 2021, the company entered into a commitment line agreement as set out below. Borrowing limit: ¥2,000 million Contract period: 1 December 2021 to 30 November 2022 (1 year)」
Following the previous agreement, the company entered into a new ¥2,000 million commitment line for the 1-year period from 1 December 2021 to 30 November 2022, updating and continuing its financing arrangements. - FY2022-Q2RestatedAnnual report
「Regarding financing, we have secured near-term funds through a ¥2,000 million commitment line agreement with our principal bank, although it contains financial covenants. In addition, we have entered into overdraft agreements totaling ¥2,400 million with our other transaction banks, including that bank, and therefore have no significant concern regarding liquidity.」
The company continued to state that near-term funds were secured through a ¥2,000 million commitment line and overdraft agreements totaling ¥2,400 million. - FY2022-Q1AdvancedAnnual report
「Regarding financing, we have secured near-term funds through a ¥2,000 million commitment line agreement with our principal bank, although it contains financial covenants. In addition, we have entered into overdraft agreements totaling ¥2,400 million with our other transaction banks, including that bank, and therefore have no significant concern regarding liquidity.」
In addition to the existing ¥2,000 million commitment line, the company disclosed overdraft agreements totaling ¥2,400 million with its transaction banks, providing specific details on near-term funding. - FY2021AdvancedAnnual report
「In view of the net loss for the current fiscal year and business restructuring, we drew down a ¥1,000 million long-term loan without financial covenants in December 2020 from a medium- to long-term funding perspective. To secure flexible and stable financing for temporary funding needs, we also entered into a commitment line agreement with our principal bank with a borrowing limit of ¥2,000 million, and are working to secure our financial base.」
In addition to the previously disclosed commitment line, the company drew down a ¥1,000 million long-term loan without financial covenants, putting in place specific financing to address business restructuring and the loss for the current fiscal year. - FY2021-Q3First statedAnnual report
「To strengthen and stabilize our financial position by securing flexible and stable financing, we are preparing for changes in the business environment resulting from COVID-19 and addressing temporary funding needs associated with promoting the joint business with 株式会社ローソン announced on 10 September 2020. Borrowing limit: ¥2,000 million Contract period: 1 December 2020 to 1 December 2021 (1 year)」
To prepare for changes in the business environment caused by COVID-19 and temporary funding needs associated with the joint business with Lawson, the company entered into a commitment line agreement with The Hiroshima Bank, Ltd. effective 1 December 2020. The borrowing limit was ¥2,000 million and the contract period was 1 year, with no collateral or guarantees.