Securing Borrowing Capacity and Strengthening the Financial Structure in Preparation for a Prolonged Pandemic
First written in FY2020. 4 of 5 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The company determined that entering into the syndicated loan agreement would strengthen its financial base by reducing borrowings raised as COVID-19 funding and easing the interest expense burden resulting from recent interest-rate increases. The company repaid the ¥4.2 billion ABL loan maturing on 31 March 2026 and borrowed ¥3.0 billion, resulting in a ¥1.2 billion reduction in borrowings.」
The company reduced borrowings accumulated in preparation for a prolonged pandemic by ¥1.2 billion through repayment of the ABL loan and refinancing with a new syndicated loan, while also working to reduce its interest burden. - FY2021AdvancedAnnual report
「For fiscal 2021, with a further focus on strengthening the financial structure, the company raised funds on 31 March 2021 through a ¥4,680 million Asset Backed Loan using a real estate trust and a ¥1,700 million working-capital loan, before the impact on cash flow emerged, to fund investment aimed at resolving the chronic shortage of drivers, maintain shareholder returns, and prepare for a shortage of working capital on hand. The company’s policy is to stabilize its financial base going forward while continuing to maintain an appropriate capital structure that balances the cost of capital and financial flexibility.」
As a measure to strengthen the financial structure in fiscal 2021, the company executed a ¥4,680 million loan using a real estate trust and a ¥1,700 million working-capital loan on 31 March 2021, making the financing more concrete. - FY2021-Q2AdvancedAnnual report
「The company and its subsidiaries borrowed funds and established borrowing facilities to increase working capital and strengthen the financial base in preparation for the spread and prolonged duration of COVID-19.」
From July to August 2020, the company borrowed a total of ¥1,450 million for 8 companies from Japan Finance Corporation, ¥300 million from Taiyo Life Insurance, and ¥300 million from Dai-ichi Life Insurance. The borrowing terms were 10 or 3 years, with no collateral or no additional collateral provided. - FY2021-Q1AdvancedAnnual report
「The company and its subsidiaries borrowed funds and established borrowing facilities from April to May 2020 to increase working capital and strengthen the financial base in preparation for the spread and prolonged duration of COVID-19.」
In preparation for a prolonged pandemic, the company borrowed ¥900 million and ¥100 million from April to May 2020 and established overdraft facilities totaling ¥3,100 million. The policy of strengthening the financial structure has progressed to specific borrowings and facility arrangements. - FY2020First statedAnnual report
「For fiscal 2020, with a focus on strengthening the financial structure, the company secured ¥4,100 million in borrowing capacity before the impact on cash flow emerged, to fund investment aimed at resolving the chronic shortage of drivers, maintain shareholder returns, and prepare for a shortage of working capital on hand. The company’s policy is to maintain an appropriate capital structure that balances the cost of capital and financial flexibility while minimizing the impact on cash flow.」
With strengthening the financial structure as its priority for fiscal 2020, the company secured ¥4,100 million in borrowing capacity to prepare for a shortage of working capital. In subsequent events, it disclosed an executed amount of ¥1,200 million, borrowing terms of 1 to 10 years, and no collateral.