Working Capital Borrowings in Response to COVID-19
First written in FY2020-Q3. 5 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2021.
2 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「The main factors were a ¥750 million decrease due to the repayment of short-term borrowings obtained in the previous fiscal year as a precaution against a cash shortfall resulting from the impact of COVID-19, and a ¥333.821 million decrease in long-term borrowings due within one year that were repaid as contracted, among others.」
The Company fully repaid the ¥750 million in short-term borrowings obtained as a precaution against COVID-19, and long-term borrowings due within one year also decreased by ¥333.821 million. - FY2021-Q4AdvancedAnnual report
「Total current liabilities at the end of the third quarter accounting period decreased by ¥1,083.745 million from the end of the previous fiscal year to ¥1,882.064 million. The main factors were a ¥750 million decrease due to the repayment of short-term borrowings obtained in the previous fiscal year as a precaution against a cash shortfall resulting from the impact of COVID-19, and a ¥297.154 million decrease in long-term borrowings due within one year that were repaid as contracted, among others.」
The Company repaid ¥750 million in short-term borrowings obtained as a precaution against COVID-19, and long-term borrowings due within one year also decreased by ¥297.154 million. - FY2021-Q3AdvancedAnnual report
「Total current liabilities at the end of the second quarter accounting period decreased by ¥914.036 million from the end of the previous fiscal year to ¥2,051.773 million. The main factors were a ¥750 million decrease due to the repayment of short-term borrowings obtained in the previous fiscal year as a precaution against a cash shortfall resulting from the impact of COVID-19, and a ¥228.648 million decrease in long-term borrowings due within one year that were repaid as contracted, among others.」
The Company repaid ¥750 million in short-term borrowings obtained as a precaution against COVID-19, and long-term borrowings due within one year also decreased by ¥228.648 million. - FY2021-Q2AdvancedAnnual report
「The main factors were a ¥750 million decrease due to the repayment of short-term borrowings obtained in May 2020 to prepare for possible cash outflows resulting from the impact of COVID-19, and a ¥131.070 million decrease in long-term borrowings due within one year that were repaid as contracted, among others.」
The Company repaid ¥750 million in short-term borrowings obtained as a measure against COVID-19, and scheduled repayments also progressed. - FY2020AdvancedAnnual report
「Working capital and investment funds are generally financed from operating cash flow, with external financing obtained as necessary.」
To address the possibility of cash outflows due to COVID-19, the Company recorded ¥750 million in short-term borrowings and ¥815 million in proceeds from long-term borrowings during the fiscal year. - FY2020-Q3First statedAnnual report
「Because revenue declined as a result of the spread of COVID-19, the Board of Directors resolved on 14 May 2020 to borrow up to ¥2.0 billion from financial institutions to secure near-term working capital and other funds, and we raised funds through short- and long-term borrowings as described below.」
The Company resolved on 14 May 2020 to borrow up to ¥2.0 billion and raised a total of ¥1.465 billion through short- and long-term borrowings on 29 May and 12 June.