Commitment lines to prepare for the impact of COVID-19
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 7 of 54 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Company had a ¥30 billion commitment line agreement with its principal banks through 31 July 2021 and planned to raise ¥40 billion through a private placement of class shares in the form of "bond-type" preferred shares, with 30 June 2021 as the payment date. Accordingly, there were no concerns about the continuity of business activities for the time being.」
The Company reconfirmed its funding framework through the ¥30 billion commitment line and also presented a ¥40 billion financing plan using preferred shares. - FY2021-Q3RestatedAnnual report
「As of the end of the third quarter of the current consolidated accounting period, the Group held approximately ¥50 billion in cash and cash equivalents and had no funding concerns at this stage. In addition, to address uncertainty associated with COVID-19, it entered into ¥30 billion in commitment line agreements with its principal banks, establishing a framework capable of responding to unforeseen circumstances.」
The Company reconfirmed its funding framework, comprising approximately ¥50 billion in cash and cash equivalents and previously established commitment lines of ¥30 billion. - FY2020First statedAnnual report
「At a Board of Directors meeting held on 21 April 2020, the Company resolved to enter into commitment line agreements as described below and entered into the agreements on 29 May 2020. The commitment amount was ¥15 billion with 株式会社三菱ＵＦＪ銀行 and ¥15 billion with 株式会社三井住友銀行, with a one-year contractual period.」
To prepare for a working-capital shortfall caused by COVID-19, the Company established unsecured and unguaranteed commitment lines totaling ¥30 billion for one year.