Securing financing capacity through commitment lines
First written in FY2018. 1 of 6 entries say "Restated". Latest entry: FY2021.
- FY2021AdvancedAnnual report
「As of 31 March 2021, there were no long-term borrowings, including long-term borrowings due within one year. To prepare for the impact of COVID-19 on the business and secure cash on hand to strengthen financial stability, the company borrowed ¥3,000 million, but had repaid the borrowing in full by the end of the current consolidated fiscal year because sufficient cash on hand had been secured. At the end of the current consolidated fiscal year, the group had also entered into commitment line agreements totaling ¥5,000 million with 3 relationship banks (drawn balance: ¥0 million; undrawn balance: ¥5,000 million).」
The company fully repaid the ¥3,000 million borrowing drawn to prepare for COVID-19 and maintained the ¥5,000 million undrawn commitment line. - FY2021-Q2RestatedAnnual report
「Short-term borrowings - 3,000」
Short-term borrowings of ¥3,000 million incurred at the end of the previous consolidated fiscal year remained recorded at the end of the second quarter of the current fiscal year. In addition, ¥3,000 million of cash was received from short-term borrowings. - FY2021-Q1Short-Term BorrowingsAnnual report
「Short-term borrowings - 3,000」
Short-term borrowings, which were absent at the end of the previous consolidated fiscal year, totaled ¥3,000 million as of 30 June 2020. The undrawn ¥5,000 million commitment line with 3 banks remains in place. - FY2020Repayment in full of borrowingsAnnual report
「As of 31 March 2020, there were no long-term borrowings, including long-term borrowings due within one year. At the end of the current consolidated fiscal year, the group had entered into commitment line agreements totaling ¥5,000 million with 3 relationship banks (drawn balance: ¥0 million; undrawn balance: ¥5,000 million).」
The balance of long-term borrowings fell from ¥398 million in the previous fiscal year to zero, while the undrawn ¥5,000 million commitment line with 3 banks was maintained. - FY2019Update to the number of relationship banksAnnual report
「As of 31 March 2019, the balance of long-term borrowings, including long-term borrowings due within one year, was ¥398 million. At the end of the current consolidated fiscal year, the group had entered into commitment line agreements totaling ¥5,000 million with 3 relationship banks (drawn balance: ¥0 million; undrawn balance: ¥5,000 million).」
The total commitment line and undrawn amount remained at ¥5,000 million, while the number of relationship banks changed from 4 to 3. - FY2018First statedAnnual report
「The group finances working capital and capital expenditures through internal funds or borrowings. As of 31 March 2018, the balance of long-term borrowings, including long-term borrowings due within one year, was ¥799 million. At the end of the current consolidated fiscal year, the group had entered into commitment line agreements totaling ¥5,000 million with 4 relationship banks (drawn balance: ¥0 million; undrawn balance: ¥5,000 million).」
The company primarily relies on internal funds and borrowings and has secured ¥5,000 million of undrawn commitment lines with 4 banks.