Securing working capital funding and a sound financial base through commitment lines
First written in FY2020-Q2. 2 of 6 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3DroppedAnnual report
「The assets listed below had been pledged as collateral for the revolving mortgage securing the commitment line agreement, with a maximum borrowing amount of ¥3,000 million, but the agreement expired and terminated on 18 May 2022.」
The commitment line agreement with a maximum borrowing amount of ¥3,000 million terminated upon expiration on 18 May 2022, and there were no borrowings outstanding. - FY2021-Q3SoftenedAnnual report
「The assets listed below have been pledged as collateral for the revolving mortgage securing the commitment line agreement (maximum borrowing amount of ¥5,500 million in the previous consolidated fiscal year and ¥3,000 million during the third quarter of the current consolidated fiscal year).」
The maximum borrowing amount under the commitment line decreased from ¥5,500 million to ¥3,000 million. There were no corresponding borrowings outstanding. - FY2021-Q2RestatedAnnual report
「Total lending commitment line: ¥5,500 million; borrowings outstanding: —; balance: ¥5,500 million」
The commitment line with a maximum borrowing amount of ¥5,500 million remains in place, and there were no borrowings outstanding as of the end of the second quarter. - FY2021-Q1RestatedAnnual report
「Total lending commitment line: ¥5,500 million; borrowings outstanding: —; balance: ¥5,500 million」
The commitment line with a maximum borrowing amount of ¥5,500 million remains in place, and there were no borrowings outstanding as of the end of the first quarter. - FY2020-Q3AdvancedAnnual report
「Financial institution: MUFG Bank, Ltd.; facility amount (maximum borrowing amount): ¥5,500 million; term: from 19 May 2020 to 18 May 2021 (1 year)」
The company entered into the commitment line agreement resolved at the previous quarter's meeting, thereby putting in place measures to secure working capital and its financial base, consisting of a ¥5,500 million maximum borrowing amount, a 1-year term, a revolving mortgage over its owned real estate and financial covenants. - FY2020-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 14 May 2020, the company resolved to enter into the commitment line agreement described below, with the aim of securing flexible and stable financing to secure working capital and strengthen its financial base. Facility amount (maximum borrowing amount): ¥5,500 million; term: 1 year.」
As a response to a material event related to the going-concern assumption, the company resolved to enter into a commitment line agreement with MUFG Bank, Ltd., with a maximum borrowing amount of ¥5,500 million and a 1-year term.