Risk of Breaching Financial Covenants in Borrowing Agreements
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2026.
Mitsui Matsushima Holdings moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2017: 8 of 70 companies on the "Worse" side.
28 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The balance of long-term borrowings subject to financial covenants is as follows. Consolidated fiscal year (31 March 2026) Long-term borrowings, including long-term borrowings due for repayment within one year: ¥9,325 million」
The importance of borrowings subject to financial covenants has increased, and the balance of long-term borrowings subject to the covenants, ¥9,325 million, has been newly disclosed. Financial covenants concerning retained earnings and ordinary profit or loss remain in place. - FY2019RestatedAnnual report
「Our group has entered into commitment line agreements and term loan agreements to secure flexibility in financing and improve capital efficiency. These agreements contain certain financial covenants, and if they are breached, the group may lose the benefit of the term and be required to make lump-sum repayments of borrowings and interest, which could affect its financial position.」
The risk of breaching the financial covenants attached to the commitment lines and term loans has been disclosed again. - FY2018First statedAnnual report
「Our group has entered into commitment line agreements and term loan agreements to secure flexibility in financing and improve capital efficiency. These agreements contain certain financial covenants, and if they are breached, the group may lose the benefit of the term and be required to make lump-sum repayments of borrowings and interest, which could affect its financial position.」
The risk that a breach of the financial covenants attached to the commitment lines and term loans could result in the loss of the benefit of the term and lump-sum repayment of borrowings and interest has been newly disclosed.