Working capital borrowing in preparation for a prolonged novel coronavirus outbreak
First written in FY2020. 3 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Although the company raised ¥100 million through bank borrowings to offset negative free cash flow, cash and cash equivalents at the end of the current consolidated fiscal year decreased from the previous consolidated fiscal year to ¥3,962 million.」
The company implemented bank borrowings to offset negative free cash flow, but borrowings were limited to ¥100 million, and cash and cash equivalents at fiscal year-end decreased to ¥3,962 million. - FY2021AdvancedAnnual report
「To offset negative free cash flow, the company raised ¥1,050 million through bank borrowings, and cash and cash equivalents at the end of the current consolidated fiscal year increased from the previous consolidated fiscal year to ¥4,280 million.」
The company implemented bank borrowings in preparation for a prolonged novel coronavirus outbreak and raised ¥1,050 million, resulting in cash and cash equivalents of ¥4,280 million at fiscal year-end. - FY2021-Q2AdvancedAnnual report
「Net cash used in financing activities during the six months ended the second quarter of the current consolidated fiscal year was ¥1,010 million, compared with ¥72 million used in the same period of the previous consolidated fiscal year. This was mainly attributable to a ¥1,050 million increase in short-term borrowings and ¥36 million in dividend payments.」
The company borrowed funds for working capital in preparation for a prolonged novel coronavirus outbreak, and confirmed that short-term borrowings increased by ¥1,050 million and the financing was implemented. - FY2020First statedAnnual report
「As a precaution against the spread and prolonged duration of the novel coronavirus, the Board of Directors resolved at its meeting held on 22 June 2020 to borrow funds in order to increase working capital and strengthen the financial base, and plans to implement the borrowings as follows.」
The company plans to borrow ¥1.3 billion from Mizuho Bank and Resona Bank, with a one-year term and drawdowns scheduled for 26 and 30 June 2020. It has specified its liquidity management response to a prolonged infection.