Long-Term Borrowing Under the U.S. Paycheck Protection Program and Potential Loan Forgiveness
First written in FY2021-Q2. 1 of 7 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
7 other companies' latest entry also says "Other".
- FY2022Full-year recognition of gain on forgiveness of Paycheck Protection Program-related debtAnnual report
「Repayment was forgiven because the funds were used for specified purposes that satisfied the applicable conditions.」
Repayment forgiveness for the Paycheck Protection Program-related borrowings was confirmed, and the company recognized a full-year gain on debt forgiveness of ¥106.609 million. - FY2022-Q3AchievedAnnual report
「OHASHI TECHNICA U.S.A.,INC., our U.S. consolidated subsidiary, applied for and borrowed funds under the U.S. Paycheck Protection Program, an employment protection policy related to COVID-19. Repayment was forgiven because the funds were used for specified purposes that satisfied the conditions for debt forgiveness, including employee payroll payments intended to protect employment.」
Regarding the Paycheck Protection Program-related borrowings, repayment forgiveness was confirmed because the specified-use conditions were satisfied, and the company recognized a ¥105.347 million gain on debt forgiveness. - FY2022-Q2AdvancedAnnual report
「The subsidiary subsequently received notice, after the end of the second-quarter reporting date, that repayment would be forgiven except for a portion of the loan. As a result, the company expects to recognize a ¥105.347 million gain on debt forgiveness as extraordinary income in the third quarter of the consolidated fiscal year.」
Regarding the Paycheck Protection Program-related borrowings, the company received notice after the reporting date that repayment would be forgiven except for a portion of the loan and expects to recognize a ¥105.347 million gain on debt forgiveness in the following quarter. - FY2022-Q1Update to the balance of Paycheck Protection Program-related borrowings for the first quarter of the 70th fiscal yearAnnual report
「The short-term and long-term borrowings outstanding at the end of the first quarter of the current consolidated accounting period comprise funds provided after OHASHI TECHNICA U.S.A.,INC., our U.S. subsidiary, applied for the U.S. Paycheck Protection Program. Although presented as borrowings, repayment will be forgiven if the funds are used for specified purposes, including employee payroll payments intended to protect employment, that satisfy the applicable conditions.」
The balance of short-term and long-term Paycheck Protection Program-related borrowings totaled ¥116.466 million. The company continues to disclose the possibility of repayment forgiveness if the funds are used for specified purposes. - FY2021Year-end update to the balance of Paycheck Protection Program-related borrowingsAnnual report
「The short-term and long-term borrowings outstanding at the end of the current consolidated fiscal year comprise funds provided after OHASHI TECHNICA U.S.A.,INC., our U.S. subsidiary, applied for the U.S. Paycheck Protection Program. Although presented as borrowings, repayment will be forgiven if the funds are used for specified purposes, including employee payroll payments intended to protect employment, that satisfy the applicable conditions.」
The company recognized total short-term and long-term Paycheck Protection Program-related borrowings of ¥108.881 million and continues to disclose the possibility of repayment forgiveness if the funds are used for specified purposes. - FY2021-Q3Update to the balance of Paycheck Protection Program-related borrowings at the end of the third quarter of the 69th fiscal yearAnnual report
「The long-term borrowings outstanding at the end of the third quarter of the current consolidated accounting period comprise funds provided after OHASHI TECHNICA U.S.A.,INC., our U.S. subsidiary, applied for the U.S. Paycheck Protection Program. Although presented as long-term borrowings, repayment will be forgiven if the funds are used for specified purposes that satisfy the applicable conditions, including employee payroll payments intended to protect employment.」
The balance of long-term borrowings under the Paycheck Protection Program was ¥111.301 million. The company continues to explain that repayment may be forgiven if the funds are used for specified purposes that satisfy the applicable conditions. - FY2021-Q2First statedAnnual report
「The long-term borrowings outstanding at the end of the second quarter of the current consolidated accounting period comprise funds provided after OHASHI TECHNICA U.S.A.,INC., our U.S. subsidiary, applied for the U.S. Paycheck Protection Program. Although presented as long-term borrowings, repayment will be forgiven if the funds are used for specified purposes that satisfy the applicable conditions, including employee payroll payments intended to protect employment.」
The U.S. subsidiary received funds under the U.S. Paycheck Protection Program and recognized ¥113.342 million as long-term borrowings. The company disclosed that repayment may be forgiven if the funds are used for specified purposes that satisfy the applicable conditions.