Launching a new business and improving earnings power through a facility agreement
First written in FY2019-Q3. 8 of 15 entries say "Advanced", first in FY2019. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023DroppedAnnual report
「We had entered into unsecured facility agreements with EVOLUTION JAPANアセットマネジメント株式会社 and EVO FUND to efficiently procure working capital, but terminated the agreements during the current consolidated fiscal year.」
The unsecured facility agreements that had served as the financing base for the new business were terminated during the current consolidated fiscal year, leaving both the overdraft facility limit and drawn borrowings at zero at the fiscal year-end. - FY2023-Q2AdvancedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we had submitted an application to the Kanto Local Finance Bureau and were proceeding with questions and answers, but received notification of registration dated 9 May 2023 after the end of the second quarter of the current consolidated fiscal year.」
Regarding the investment management business and investment advisory and agency business, the Company progressed from the application and questions-and-answers stage to receiving notification of registration dated 9 May 2023. - FY2023-Q1RestatedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with the related questions and answers.」
The Company continues to undertake application procedures and questions and answers with the Kanto Local Finance Bureau in preparation for commencing the investment management business and investment advisory and agency business. No newly obtained licence or approval is identified. - FY2022AdvancedAnnual report
「The balance of undrawn borrowings and other amounts under the agreement at the end of the current consolidated fiscal year is as follows. Drawn borrowings: ¥400 million」
The filing states that ¥400 million had been drawn under the ¥2,500 million unsecured facility agreement with an affiliated company. - FY2022-Q3RestatedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with questions and answers.」
In preparation for commencing the investment management business and investment advisory and agency business, the Company continues to undertake application procedures and questions and answers with the Kanto Local Finance Bureau. No newly obtained licence or approval is identified. - FY2022-Q2RestatedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with questions and answers.」
In preparation for commencing the investment management business and investment advisory and agency business, the Company continues to undertake application procedures and questions and answers with the Kanto Local Finance Bureau. No newly obtained licence or approval is identified. - FY2022-Q1AdvancedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with the related questions and answers.」
Regarding the investment management business and investment advisory and agency business, the Company states that it progressed from the previous stage of preliminary application procedures to the stage of submitting an application to the Kanto Local Finance Bureau and proceeding with questions and answers. - FY2021-Q3RestatedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we have been proceeding with preliminary application procedures to the Kanto Local Finance Bureau and engaging in various questions and answers since November last year.」
In preparation for commencing the investment management business and investment advisory and agency business, the Company continues to undertake preliminary application procedures and questions and answers with the Kanto Local Finance Bureau. No newly obtained licence or approval is identified since the previous disclosure. - FY2021-Q2AdvancedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with questions and answers, aiming to obtain the necessary licences and approvals during the current fiscal year.」
Regarding the investment management business and investment advisory and agency business, the Company progressed to the stage of proceeding with questions and answers after submitting an application to the Kanto Local Finance Bureau, aiming to obtain the necessary licences and approvals during the current fiscal year. - FY2021-Q1AdvancedAnnual report
「In preparation for commencing the investment management business and investment advisory and agency business, we submitted an application to the Kanto Local Finance Bureau and are proceeding with the related questions and answers.」
Regarding the investment management business and investment advisory and agency business, the Company progressed from the preparation stage to submitting an application to the Kanto Local Finance Bureau and proceeding with questions and answers. - FY2020-Q3AdvancedAnnual report
「In addition, the establishment of a subsidiary to operate the business has been completed, and the Company plans to commence operations after obtaining the necessary licences and approvals from government agencies.」
Regarding the investment business, the Company progressed to the stage where the subsidiary operating the business has been established and operations are scheduled to begin after the necessary licences and approvals are obtained. - FY2020-Q2AdvancedAnnual report
「Although there has been no concrete progress in the investment business, the business structure is now in place following the hiring of personnel, and the company is considering future development centered on financial products.」
The Company states that there has been no specific progress in the investment business itself, but that its business structure has been established through recruitment and it is considering developing the business mainly around financial products. - FY2020-Q1RestatedAnnual report
「In addition, we launched an “investment business” as a new business and, as our first transaction, subscribed for new foreign investment securities using our own funds. Expenses currently precede revenue, but we aim to handle a variety of transactions, grow the business into one of our core business pillars and improve our earnings power.」
The filing reiterates the launch of the investment business, execution of the first transaction, the situation in which expenses precede revenue, and the policy of aiming to improve future earnings power. - FY2019AdvancedAnnual report
「In addition, we launched an “investment business” as a new business and, as our first transaction, subscribed for new foreign investment securities using our own funds. Expenses currently precede revenue, but we aim to handle a variety of transactions, grow the business into one of our core business pillars and improve our earnings power.」
The Company progressed from the preparation stage for a new business under the previous facility agreement to the stage of launching an investment business and executing its first transaction. - FY2019-Q3First statedAnnual report
「In preparation for launching a new business, we entered into a facility agreement. Through this agreement, we aim to improve our earnings power. At a meeting of the Board of Directors held on 1 August 2019, we resolved to enter into a facility agreement with EVOLUTION JAPAN アセットマネジメント株式会社, an affiliate of the group to which our parent company belongs, and entered into the agreement on the same date. Borrowing amount (facility): ¥2,500 million; interest rate: 2.5% per annum; term: 6 months from each drawdown date; collateral: none.」
The Company entered into an unsecured facility agreement with an affiliate of the parent company's group to launch a new business and improve its earnings power. The facility is ¥2,500 million, the interest rate is 2.5% per annum, and the term is 6 months from each drawdown date.