Securing Low-Cost, Stable Funding and Maintaining Liquidity
First written in FY2016. 4 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2026.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「To ensure liquidity, in addition to a ¥60 billion commercial paper issuance capacity, we have established approximately ¥150 billion in multi-year commitment lines with domestic financial institutions to prepare for emergency funding needs.」
The multi-year commitment lines were increased from approximately ¥140 billion to approximately ¥150 billion. The ¥60 billion commercial paper issuance capacity has been maintained. - FY2024RestatedAnnual report
「To secure liquidity, in addition to a commercial paper issuance facility of ¥60 billion, we have established approximately ¥140 billion in multi-year committed credit lines with domestic financial institutions to prepare for urgent funding needs.」
The Group continued its liquidity policy based on a ¥60 billion commercial paper issuance facility and approximately ¥140 billion in multi-year committed credit lines. - FY2022AdvancedAnnual report
「To secure liquidity, in addition to a commercial paper issuance facility of ¥60 billion, we have established ¥140 billion in multi-year committed credit lines with domestic financial institutions to prepare for urgent funding needs.」
The Group increased its multi-year committed credit lines from ¥80 billion to ¥140 billion, expanding its liquidity facilities. - FY2020AdvancedAnnual report
「The Company drew down financing under the committed credit line agreement entered into on 20 March 2018 on 20 April 2020. The key terms of this financing are as follows. (1) Use of proceeds: Working capital (3) Borrowing amount: ¥47.6 billion (4) Drawdown date: 20 April 2020 (5) Maturity date: 30 September 2020」
The Company drew down ¥47.6 billion under its existing committed credit line on 20 April 2020 for working capital. Although this transaction occurred after the filing date, it was disclosed in the filing as an executed liquidity measure. - FY2019AdvancedAnnual report
「The Company drew down on 5 April 2019 the subordinated loan financing agreed on 29 March 2019.」
As part of measures to secure liquidity and strengthen its financial base, the Company drew down a ¥45 billion subordinated loan on 5 April 2019. The proceeds were intended for repayment of interest-bearing debt and capital expenditures, primarily for vessels. - FY2018Resetting liquidity facilitiesAnnual report
「To secure liquidity, in addition to a commercial paper issuance facility of ¥60 billion and ¥43 billion in borrowing capacity established under overdraft agreements with financial institutions, we have established ¥80 billion in multi-year committed credit lines with domestic financial institutions to prepare for urgent funding needs.」
The ¥60 billion commercial paper issuance facility was maintained, while the overdraft facility was set at ¥43 billion and the multi-year committed credit line at ¥80 billion. - FY2017RestatedAnnual report
「To secure liquidity, in addition to a commercial paper issuance facility of ¥60 billion and ¥46 billion in borrowing capacity established under overdraft agreements with financial institutions, we have established ¥30 billion in multi-year committed credit lines with domestic financial institutions to prepare for urgent funding needs.」
The Group continued its liquidity measures combining CP, overdrafts and committed credit lines. - FY2016First statedAnnual report
「We place importance on securing low-cost, stable funding to support the maintenance and expansion of our Group’s businesses. To secure liquidity, in addition to a commercial paper issuance facility of ¥60 billion and ¥47 billion in borrowing capacity established under overdraft agreements with financial institutions, we have established ¥30 billion in multi-year committed credit lines with domestic financial institutions to prepare for urgent funding needs.」
The Group’s funding and liquidity policy combines bank borrowings, bonds, new share issuance, CP and committed credit lines, among other sources.