Risk of breaching financial covenants under syndicated loans
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: 2026-05-27.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- 2026-05-27RestatedGeneral Meetings of Shareholders
「Syndicated loan agreements contain financial covenants. If a covenant is breached and a demand is made for the loss of the benefit of time, the resulting deterioration in cash flow could affect the future growth, performance and financial condition of the Company and the Group.」
The company continues to disclose the impact of breaching financial covenants under syndicated loans as a risk. - FY2025WorsenedAnnual report
「Under a syndicated loan agreement entered into on 25 October 2024 with 17 banks, the balance of obligations under the agreement at the fiscal year-end was ¥10 billion. The agreement includes covenants requiring the maintenance of net assets and the avoidance of consecutive operating losses as of the end of the fiscal year ending March 2025 and each subsequent fiscal year.」
The Group disclosed an additional ¥10 billion balance under the syndicated loan agreement entered into in October 2024, together with financial covenants requiring the maintenance of net assets and the avoidance of operating losses. - FY2023First statedAnnual report
「Some of the Group’s long-term borrowings are subject to financial covenants under syndicated loan agreements. If a covenant breach results in a demand for acceleration of the loans, the resulting deterioration in liquidity could affect the future growth, business performance and financial condition of the Company and the Group.」
The Group disclosed as a new risk the potential impact on liquidity, growth, business performance and financial condition if financial covenants under syndicated loans relating to long-term borrowings associated with the acquisition of Seibu Construction and other transactions are breached.