Eliminating Parent Borrowings Through Long-Term Bank Refinancing
First written in FY2024-Q1. 3 of 5 entries say "Cited as achieved", first in FY2024-Q3. Latest entry: FY2026.
0 other companies' latest entry also says "Cited as achieved".
- FY2026Cited as achievedAnnual report
「To eliminate borrowings from our parent company, the Board of Directors resolved on 29 March 2023 to enter into a syndicated loan agreement, which was signed on 1 May 2023. On 9 May 2023, we repaid borrowings from our parent company under the existing loan agreement.」
The completed elimination of parent borrowings through long-term refinancing by financial institutions is reiterated. - FY2024Cited as achievedAnnual report
「To eliminate borrowings from our parent company, we entered into a loan agreement with financial institutions and drew down long-term borrowings. On 9 May 2023, we also repaid borrowings from our parent company under the existing loan agreement.」
The completed elimination of parent borrowings and ¥20,000 million long-term refinancing maturing in 2033 are reiterated. - FY2024-Q3Cited as achievedAnnual report
「The borrowings have been fully repaid.」
The related-party transaction note reconfirms completion of the full repayment of borrowings from parent M3,Inc. - FY2024-Q2AchievedAnnual report
「The borrowings have been fully repaid.」
The related-party transaction note states that borrowings from the parent, M3,Inc., were fully repaid. - FY2024-Q1AdvancedAnnual report
「To eliminate borrowings from our parent company, we entered into a loan agreement with financial institutions and drew down long-term borrowings. On 9 May 2023, we also repaid borrowings from our parent company under the existing loan agreement.」
The company refinanced ¥20,000 million through a financial institution loan maturing on 9 May 2033 and fully repaid borrowings from its parent.