Special overdraft facility with financial covenants
First written in FY2026-H1. 2 of 3 entries say "Advanced", first in 2026-05-15. Latest entry: FY2026.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As of the fiscal year ended 31 March 2026, financial covenants applied to, among other facilities, a loan commitment with a total contractual amount of ¥2,900 million and an outstanding balance of ¥2,900 million at the end of the fiscal year, and a loan commitment with a total contractual amount of ¥2,660 million and an outstanding balance of ¥1,328 million at the end of the fiscal year.」
In addition to the financial covenants continuing from the previous year, the Company specifically disclosed multiple outstanding borrowings for the acquisition and development of fixed assets, together with conditions relating to maintaining net assets, remaining profitable and maintaining the interest coverage ratio. - 2026-05-15AdvancedEarnings
「Regarding the lending commitment (total commitment: ¥720,000 thousand; amount drawn at the end of the fiscal year: ¥720,000 thousand, all short-term borrowings)」
Updates the total commitment and amount drawn at the fiscal year-end under the existing agreement with financial covenants, and also includes an agreement entered into on 4 March 2026. - FY2026-H1First statedAnnual report
「During the interim accounting period, the Company entered into special overdraft agreements containing financial covenants, as described below.」
The Company entered into special overdraft agreements of ¥170 million on 10 June 2025 and ¥720 million on 27 August 2025. The agreements contain financial covenants, including an interest coverage ratio of 1 or less, net losses for 2 consecutive fiscal years and negative net worth.