Securing funding liquidity through capital-like subordinated loans and lending commitments
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2025.
24 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「This was mainly due to ¥6,483 million in cash outflows for the repayment of long-term borrowings, including the lump-sum repayment of the ¥3 billion capital subordinated loan, and ¥5 billion in proceeds from long-term borrowings.」
The Company repaid long-term borrowings, including the ¥3 billion capital subordinated loan, while raising ¥5 billion in long-term borrowings. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 February 2024, the Company resolved to borrow funds under its commitment line agreement and to make an early repayment of the subordinated loan in order to reduce interest costs and stabilize its financial position. The Company raised the full amount of ¥5 billion available under the commitment line and applied it to the early repayment of the subordinated loan, which carried a high interest burden, and to capital expenditures.」
The Company raised ¥5 billion under its commitment line and carried out financing and refinancing to make an early repayment of the ¥3 billion subordinated loan. - FY2023-Q3AdvancedAnnual report
「Of the ¥5 billion raised through a subordinated capital loan in January 2021, ¥2 billion was repaid.」
Of the ¥5 billion capital subordinated loan raised as a liquidity measure during the COVID-19 pandemic, ¥2 billion was repaid. - FY2021First statedAnnual report
「In response to the recognition of a net loss caused by the spread of COVID-19 during the consolidated fiscal year and the resulting deterioration of our financial base, we raised ¥5 billion through a subordinated capital loan to augment funds on hand and promptly stabilize our financial base over the medium to long term. We also entered into lending commitment agreements totaling ¥5 billion with financial institutions, none of which had been drawn down as of the end of the consolidated fiscal year.」
In response to the net loss caused by the COVID-19 pandemic and the resulting deterioration of its financial base, the company raised ¥5 billion through a subordinated capital loan and secured an additional ¥5 billion in undrawn lending commitments.