Borrowings, lending commitments and financial covenants
First written in FY2018-Q3. 11 of 27 entries say "Restated". Latest entry: 2026-07-10.
Candeal moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
20 other companies' latest entry also says "Worsened".
- 2026-07-10WorsenedOccurring Fact
「当社は、2026 年７月 10 日開催の取締役会において、以下のとおり、計 11 億円の資金の借入について決議いたしましたので、お知らせいたします。」
計11億円の借入を決議し、そのうち3億円にはインタレストカバレッジレシオ、2期連続当期赤字、債務超過に関する財務上の特約が付される。財務制限条項付き借入を含む借入エクスポージャーが拡大した。 - FY2025WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥850 million; undrawn amount: nil. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose the full drawdown of the ¥850 million commitment facility subject to financial covenants, leaving no undrawn facilities, for the full fiscal year. Some related agreements have repayment dates of 27 February 2026. - FY2025-H1WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥850 million; undrawn amount: nil. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments were unchanged at ¥850 million, but the outstanding amount drawn increased from ¥500 million at the end of the previous fiscal year to ¥850 million, eliminating undrawn facilities. Borrowing exposure subject to financial covenants has expanded. - FY2024WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥500 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments increased from ¥650 million at the end of the previous fiscal year to ¥850 million, and the outstanding amount drawn increased from ¥300 million to ¥500 million. Undrawn facilities were maintained at ¥350 million. - FY2024-Q2RestatedAnnual report
「Total overdraft limits and lending commitments: ¥650 million; outstanding amount drawn: ¥300 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose overdrafts and lending commitments subject to financial covenants of ¥650 million in total, an outstanding amount drawn of ¥300 million, and undrawn facilities of ¥350 million, unchanged from the end of the previous consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「Total overdraft limits and lending commitments: ¥650 million; outstanding amount drawn: ¥300 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose overdrafts and lending commitments subject to financial covenants of ¥650 million in total, an outstanding amount drawn of ¥300 million, and undrawn facilities of ¥350 million, unchanged from the end of the previous consolidated fiscal year. - FY2023MitigatedAnnual report
「Total overdraft limits and lending commitments: ¥650 million; outstanding amount drawn: ¥300 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments subject to financial covenants decreased from ¥950 million to ¥650 million, and the outstanding amount drawn decreased from ¥600 million to ¥300 million. Undrawn facilities were maintained at ¥350 million. - FY2023-Q3RestatedAnnual report
「Total overdraft limits and lending commitments: ¥550 million; outstanding amount drawn: ¥200 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose overdrafts and lending commitments subject to financial covenants of ¥550 million in total, an outstanding amount drawn of ¥200 million, and undrawn facilities of ¥350 million, unchanged from the end of the previous consolidated fiscal year. - FY2023-Q2MitigatedAnnual report
「Total overdraft limits and lending commitments: ¥550 million; outstanding amount drawn: ¥200 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments decreased from ¥950 million at the end of the previous consolidated fiscal year to ¥550 million, and the outstanding amount drawn decreased from ¥600 million to ¥200 million. Undrawn facilities were unchanged at ¥350 million. - FY2023-Q1RestatedAnnual report
「Total overdraft limits and lending commitments: ¥950 million; outstanding amount drawn: ¥600 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose overdrafts and lending commitments subject to financial covenants of ¥950 million in total, an outstanding amount drawn of ¥600 million, and undrawn facilities of ¥350 million, unchanged from the end of the previous consolidated fiscal year. - FY2022-Q3WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥950 million; outstanding amount drawn: ¥600 million; undrawn amount: ¥350 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments were ¥950 million and the outstanding amount drawn was ¥600 million, up from ¥200 million at the end of the previous consolidated fiscal year, while undrawn facilities decreased from ¥850 million to ¥350 million. - FY2022-Q2WorsenedAnnual report
「At the end of the second quarter of the current consolidated fiscal year, the undrawn amount and other details relating to the overdraft agreements and lending commitments were as follows: total overdraft limits and lending commitments of ¥1,050 million, an outstanding amount drawn of ¥600 million, and an undrawn amount of ¥450 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments were unchanged at ¥1,050 million, but the outstanding amount drawn increased from ¥200 million at the end of the previous consolidated fiscal year to ¥600 million, while undrawn facilities decreased from ¥850 million to ¥450 million. - FY2022-Q1RestatedAnnual report
「Total overdraft limits and lending commitments: ¥1,050 million; outstanding amount drawn: ¥200 million; undrawn amount: ¥850 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose total overdrafts and lending commitments subject to financial covenants of ¥1,050 million, an outstanding amount drawn of ¥200 million, and undrawn facilities of ¥850 million. - FY2021WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥1,050 million; outstanding amount drawn: ¥200 million; undrawn amount: ¥850 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
Total commitments increased from ¥850 million to ¥1,050 million, and the outstanding amount drawn increased from ¥100 million to ¥200 million, expanding borrowing exposure subject to financial covenants. - FY2021-Q3WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥100 million; undrawn amount: ¥750 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
At the end of the third quarter, total commitments had increased to ¥950 million and the outstanding amount drawn to ¥200 million, expanding borrowing exposure subject to financial covenants from the previous disclosure. The undrawn amount was ¥750 million. - FY2021-Q2WorsenedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥100 million; undrawn amount: ¥750 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
At the end of the second quarter, total commitments increased to ¥950 million and the outstanding amount drawn increased to ¥200 million, expanding borrowing exposure subject to financial covenants. The undrawn facilities were ¥750 million, unchanged from the end of the previous consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「Total overdraft limits and lending commitments: ¥850 million; outstanding amount drawn: ¥100 million; undrawn amount: ¥750 million. The agreements also contain financial covenants based on certain indicators calculated from the amount of net assets in the consolidated balance sheet and ordinary income in the consolidated income statement.」
The Company continues to disclose its overdraft and lending commitment agreements with 4 banks, including the undrawn facilities and financial covenants. - FY2020WorsenedAnnual report
「The Company will work to reduce its borrowings going forward. However, the Group's financial position may be affected if interest rates rise, if the repayment plan for borrowings changes due to failure to achieve the business plan or other factors, or if a breach of the financial covenants requires the borrowings to be repaid in full.」
The financial covenants now include the requirement that net interest-bearing debt not exceed zero. Long-term borrowings increased from ¥1,400 million at the end of the previous fiscal year to ¥2,609.172 million, while the outstanding amount drawn decreased from ¥400 million to ¥100 million, heightening concerns over total borrowings and repayment restrictions. - FY2020-Q3WorsenedAnnual report
「This was primarily due to an increase of ¥1,640.671 million in long-term borrowings, among other factors.」
Disclosure of the overdraft and lending commitment agreements with financial covenants continues. The facility limit remains ¥850 million, unchanged from the previous disclosure, but long-term borrowings increased by ¥1,640.671 million, resulting in an equity ratio of 38.3%, down 7.6 percentage points from the end of the previous consolidated fiscal year. - FY2020-Q2MitigatedAnnual report
「Total overdraft limit and lending commitments: ¥850.000 million; outstanding borrowings: ¥400.000 million; unutilized amount: ¥450.000 million. The agreement also contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
Total commitments decreased from ¥1,300.000 million at the end of the previous consolidated fiscal year to ¥850.000 million, and undrawn commitments decreased from ¥900.000 million to ¥450.000 million. Financial covenants remain in place. - FY2020-Q1RestatedAnnual report
「Total overdraft limit and lending commitments: ¥1,300.000 million; outstanding borrowings: ¥400.000 million; unutilized amount: ¥900.000 million. The agreement also contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
The Company continues to disclose the overdraft and lending commitment agreements with 4 relationship banks, outstanding borrowings, undrawn commitments and financial covenants. - FY2019MitigatedAnnual report
「A decrease of ¥200.000 million in short-term borrowings and a decrease of ¥200.000 million in long-term borrowings」
Short-term and long-term borrowings each decreased by ¥200.000 million, reducing the balance of borrowings from the previous fiscal year. However, the financial covenant risk continues to be disclosed. - FY2019-Q3RestatedAnnual report
「The agreement contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
The Company reiterates the overdraft and lending commitment agreements with 4 relationship banks and the financial covenants. - FY2019-Q2RestatedAnnual report
「The agreement contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
The Company reiterates the overdraft and lending commitment agreements with 4 relationship banks and the financial covenants. - FY2019-Q1RestatedAnnual report
「The agreement contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
The Company reiterates the overdraft and lending commitment agreements with 4 relationship banks and the financial covenants based on net assets, operating income and ordinary income. - FY2018RestatedAnnual report
「As of the filing date, the Company had borrowed substantial funds from multiple financial institutions, and certain of the loan agreements and other arrangements with those institutions contain financial covenants, including requirements not to record a consolidated ordinary loss, to maintain consolidated net assets above a specified level, to keep the leverage ratio below a specified level and to keep the debt service coverage ratio above a specified level.」
The Company reiterates the risks associated with borrowings and financial covenants, specifying conditions relating to earnings, net assets, leverage and repayment capacity. - FY2018-Q3First statedAnnual report
「The agreement contains financial covenants based on certain indicators calculated from amounts such as consolidated net assets and operating income and ordinary income in the consolidated statements of income.」
The overdraft and lending commitment agreements with 4 relationship banks contain financial covenants.