Risk of Loss of the Benefit of Time on Borrowings Due to Breach of Financial Covenants
First written in FY2017. 10 of 13 entries say "Restated". Latest entry: FY2022.
17 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「Scheduled repayment amounts after the consolidated balance sheet date for long-term borrowings, lease obligations and other interest-bearing liabilities: Not applicable.」
The risk of losing the benefit of time with respect to borrowings due to a breach of financial covenants, which had been disclosed previously, has disappeared from the current year’s risk disclosures and the description of scheduled repayments of interest-bearing liabilities. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2019ReframedAnnual report
「The ¥26.088 million in long-term borrowings due for repayment within one year and ¥167.388 million in long-term borrowings outstanding at the end of the consolidated fiscal year under review are subject to the following financial covenants under the loan agreements between the company's consolidated subsidiary and the lenders.」
Although the disclosure of financial covenants continues, the test for power sales proceeds has changed from the previous year’s “average for the most recent 3 months as of the end of February, May, August and November each year” to this year’s “average for the most recent 12 months as of the end of May each year.” - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes from the previous fiscal year’s disclosure regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes from the previous fiscal year’s disclosure regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company explains that there have been no significant changes from the previous fiscal year’s disclosure regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company explains that there have been no significant changes from the previous fiscal year’s disclosure regarding the risk of losing the benefit of time on borrowings due to a breach of financial covenants. - FY2017First statedAnnual report
「Some of the borrowing agreements contain financial covenants that must be complied with in conducting business. If these covenants are breached in the future, the lending financial institutions may demand repayment, resulting in the loss of the benefit of time on the borrowings and potentially affecting operating performance and financial condition.」
The Company newly disclosed that borrowing agreements of a consolidated subsidiary contain financial covenants and that a breach could result in the loss of the benefit of time. Specific conditions include maintaining standalone EBITDA of at least ¥25 million and net assets of at least ¥451 million.