Risk of Breach of Financial Covenants on Syndicated Loans and Other Borrowings
First written in FY2016. 4 of 30 entries say "Restated". Latest entry: FY2026.
23 other companies' latest entry also says "Other".
- FY2026Update to the composition and balance of borrowings subject to financial covenantsAnnual report
「The group entered into an individual loan agreement with Bank of Yokohama, Ltd., dated 1 July 2025 and maturing on 30 June 2032, and had borrowings of ¥599.992 million outstanding as of the end of the consolidated fiscal year.」
For borrowings subject to financial covenants, the agreement with Bank of Yokohama maturing in June 2032 had borrowings of ¥599.992 million outstanding, while balances of ¥250 million at Mitsubishi UFJ Bank and ¥300 million at Resona Bank, among others, updated the composition and balances, including new agreements. No covenant breach is disclosed. - FY2026-H1New agreements for borrowings subject to financial covenants and update to outstanding balancesAnnual report
「The details and other information concerning newly executed borrowing agreements containing financial covenants during the interim consolidated accounting period are as follows. The details of the financial covenants are omitted because they are provided in “Part 4 Accounting Information, 1 Notes to Interim Consolidated Financial Statements (Interim Consolidated Balance Sheet), Note 1: Financial Covenants.”」
During the interim consolidated accounting period, new agreements were disclosed with Bank of Yokohama for ¥649.996 million and ¥570 million, with Resona Bank for ¥300 million, and with Nippon Life Insurance Company for ¥100 million. The composition and balances of borrowings subject to financial covenants, including existing agreements, have been updated. - FY2025Addition of borrowings subject to financial covenants and updating of balancesAnnual report
「⑩ The group entered into an individual loan agreement with Nippon Life Insurance Company dated 28 March 2025, maturing on 31 March 2028, and had borrowings of ¥91.7 million outstanding as of the end of the consolidated fiscal year. This agreement contains the following financial covenants, (i) and (ii).」
For borrowings subject to financial covenants, the company disclosed the composition and balances of 10 agreements, including the ¥91.7 million agreement with Nippon Life Insurance Company. No covenant breach is disclosed. - FY2025-H1Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「① The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2025, and had borrowings of ¥700 million outstanding as of the end of the interim consolidated accounting period.」
For borrowings subject to financial covenants, the balances and maturities of multiple agreements, including the ¥700 million overdraft with Bank of Yokohama, have been updated. Agreements maturing in 2029 at Bank of Yokohama and agreements with Mitsubishi UFJ Bank and Resona Bank were also disclosed, updating the composition of the agreements. - FY2024-Q3Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「⑤ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2028, and had borrowings of ¥540 million outstanding as of the end of the third quarter accounting period. ⑥ The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2025, and had borrowings of ¥510 million outstanding as of the end of the third quarter accounting period. ⑦ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2024, and had borrowings of ¥300 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the agreement with Bank of Yokohama maturing in September 2028 had a balance of ¥540 million, while the overdraft with Mitsubishi UFJ Bank stood at ¥510 million. The commitment line with Resona Bank continues with a maturity date of 30 December 2024 and a balance of ¥300 million. - FY2024-Q2Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「⑤ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2028, and had borrowings of ¥570 million outstanding as of the end of the second quarter accounting period. ⑥ The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2024, and had borrowings of ¥390 million outstanding as of the end of the second quarter accounting period. ⑦ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2024, and had borrowings of ¥300 million outstanding as of the end of the second quarter accounting period.」
For borrowings subject to financial covenants, the agreement with Bank of Yokohama maturing in September 2028 had a balance of ¥570 million, while the overdraft with Mitsubishi UFJ Bank stood at ¥390 million. The commitment line with Resona Bank was updated to a maturity date of 30 December 2024 and a balance of ¥300 million. - FY2024-Q1Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「⑤ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2028, and had borrowings of ¥600 million outstanding as of the end of the first quarter accounting period. ⑥ The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2024, and had borrowings of ¥460 million outstanding as of the end of the first quarter accounting period. ⑦ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2023, and had borrowings of ¥300 million outstanding as of the end of the first quarter accounting period.」
For borrowings subject to financial covenants, the agreement with Bank of Yokohama maturing in September 2028 had borrowings of ¥600 million outstanding, the balance at Mitsubishi UFJ Bank was ¥460 million, and the balance at Resona Bank was ¥300 million, among other updates to the composition and balances of the agreements. - FY2023-Q3Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「⑤ The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2024, and had borrowings of ¥480 million outstanding as of the end of the third quarter accounting period. ⑥ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2023, and had borrowings of ¥300 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the overdraft balance at Mitsubishi UFJ Bank was ¥480 million and the commitment line balance at Resona Bank was ¥300 million, among other updates to the composition and balances of the agreements. - FY2023-Q2Updates to the composition and balances of borrowings subject to financial covenantsAnnual report
「⑥ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2023, and had borrowings of ¥300 million outstanding as of the end of the second quarter accounting period.」
For borrowings subject to financial covenants, balances at Bank of Yokohama and Mitsubishi UFJ Bank fluctuated, while the commitment line with Resona Bank was disclosed as maturing on 30 December 2023, with borrowings of ¥300 million outstanding. - FY2023-Q1Addition of agreements and updating of balances for borrowings subject to financial covenantsAnnual report
「④ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2027, and had borrowings of ¥600 million outstanding as of the end of the first quarter accounting period.」
For borrowings subject to financial covenants, a new agreement with Bank of Yokohama maturing on 30 September 2027, with borrowings of ¥600 million outstanding, was disclosed. The existing agreements and balances with Bank of Yokohama, Mitsubishi UFJ Bank, and Resona Bank were also updated. - FY2022-Q3Updates to the balances and composition of borrowings subject to financial covenantsAnnual report
「① The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2022, and had borrowings of ¥600 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the overdraft balance at Bank of Yokohama was ¥600 million, its agreement maturing in 2028 had a balance of ¥428.564 million, its agreement maturing in 2026 had a balance of ¥405 million, the balance at Mitsubishi UFJ Bank was ¥410 million, and the balance at Resona Bank was ¥300 million, among other updates to the composition and balances of the agreements. - FY2022-Q2Changes in the composition and balances of borrowings subject to financial covenantsAnnual report
「① The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2022, and had borrowings of ¥400 million outstanding as of the end of the second quarter accounting period. ② The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 31 March 2028, and had borrowings of ¥446.423 million outstanding as of the end of the second quarter accounting period. ③ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2026, and had borrowings of ¥427.5 million outstanding as of the end of the second quarter accounting period.」
For borrowings subject to financial covenants, the overdraft and individual loan agreements with Bank of Yokohama, and the borrowing balances and composition of agreements with Mitsubishi UFJ Bank and Resona Bank, have been updated. - FY2022-Q1Updates to the balances and composition of borrowings subject to financial covenantsAnnual report
「① The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2022, and had borrowings of ¥300 million outstanding as of the end of the first quarter accounting period. ⑤ The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 30 September 2026, and had borrowings of ¥450 million outstanding as of the end of the first quarter accounting period.」
For borrowings subject to financial covenants, the overdraft maturing in June 2022 at Bank of Yokohama stood at ¥300 million, while the borrowing maturing in September 2026 stood at ¥450 million. The composition and balances of agreements including those with Mitsubishi UFJ Bank and Resona Bank have also been updated. - FY2021-Q3Extension of maturities and updating of balances for borrowings subject to financial covenantsAnnual report
「② The company has entered into an individual loan agreement with Bank of Yokohama, Ltd., maturing on 31 March 2028, and had borrowings of ¥500 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the ¥500 million borrowing from Bank of Yokohama was disclosed as an individual loan agreement maturing on 31 March 2028. The composition and balances of the agreements were also updated, including ¥700 million at Bank of Yokohama, ¥500 million at Mitsubishi UFJ Bank, ¥160 million at Yokohama Shinkin Bank, and ¥300 million at Resona Bank. - FY2021-Q2Increase in balances of borrowings subject to financial covenantsAnnual report
「① The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2021, and had borrowings of ¥500 million outstanding as of the end of the second quarter accounting period. ② The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2021, and had borrowings of ¥700 million outstanding as of the end of the second quarter accounting period. ③ The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2021, and had borrowings of ¥700 million outstanding as of the end of the second quarter accounting period. ⑤ The company has entered into a bilateral commitment line agreement with Resona Bank, Ltd., maturing on 30 December 2021, and had borrowings of ¥300 million outstanding as of the end of the second quarter accounting period.」
For borrowings subject to financial covenants, balances at Bank of Yokohama were ¥500 million and ¥700 million, the balance at Mitsubishi UFJ Bank was ¥700 million, and the balance at Resona Bank was ¥300 million, reflecting changes in balances and the composition of agreements since the previous disclosure. - FY2021-Q1Increases and decreases in balances of borrowings subject to financial covenantsAnnual report
「② The company has entered into an overdraft agreement with Bank of Yokohama, Ltd., maturing on 15 June 2021, and had borrowings of ¥700 million outstanding as of the end of the first quarter accounting period.」
For borrowings subject to financial covenants, the overdraft with Bank of Yokohama stood at ¥700 million, the individual borrowing from Mitsubishi UFJ Bank at ¥8.372 million, its overdraft at ¥515 million, and the overdraft with Yokohama Shinkin Bank at ¥100 million. The commitment line with Resona Bank had a zero balance. - FY2020-Q3Update to the composition and balance of borrowings subject to financial covenantsAnnual report
「The company has entered into an individual loan agreement with Mitsubishi UFJ Bank, Ltd., maturing on 30 November 2020, and had borrowings of ¥33.368 million outstanding as of the end of the third quarter accounting period. The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2021, and had borrowings of ¥181 million outstanding as of the end of the third quarter accounting period. The company has entered into a special overdraft agreement with Yokohama Shinkin Bank, maturing on 30 June 2020, and had borrowings of ¥95 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the individual loan agreement stood at ¥33.368 million, the overdraft with Mitsubishi UFJ Bank at ¥181 million, and the special overdraft with Yokohama Shinkin Bank at ¥95 million, updating the composition and balances of the agreements. - FY2020-Q2Update to the composition and balance of borrowings subject to financial covenantsAnnual report
「The company has entered into an individual loan agreement with Mitsubishi UFJ Bank, Ltd., maturing on 30 November 2020, and had borrowings of ¥45.866 million outstanding as of the end of the second quarter accounting period. The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2020, and had borrowings of ¥183 million outstanding as of the end of the second quarter accounting period. The company has entered into a special overdraft agreement with Yokohama Shinkin Bank, maturing on 27 March 2020, and had borrowings of ¥55 million outstanding as of the end of the second quarter accounting period.」
For borrowings subject to financial covenants, the individual loan agreement stood at ¥45.866 million, the overdraft with Mitsubishi UFJ Bank at ¥183 million, and the special overdraft with Yokohama Shinkin Bank at ¥55 million, updating the composition and balances of the agreements. - FY2020-Q1Update to the composition and balance of borrowings subject to financial covenantsAnnual report
「The company has entered into an individual loan agreement with Mitsubishi UFJ Bank, Ltd., maturing on 30 November 2020, and had borrowings of ¥58.364 million outstanding as of the end of the first quarter accounting period. The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2020, and had no borrowings outstanding as of the end of the first quarter accounting period. The company has entered into a special overdraft agreement with Yokohama Shinkin Bank, maturing on 29 October 2019, and had borrowings of ¥47 million outstanding as of the end of the first quarter accounting period.」
For borrowings subject to financial covenants, the individual loan agreement had a balance of ¥58.364 million, the overdraft with Mitsubishi UFJ Bank had a zero balance, and the special overdraft with Yokohama Shinkin Bank had a balance of ¥47 million, updating the composition and balances of the agreements. - FY2019-Q3Update to the composition and balance of borrowings subject to financial covenantsAnnual report
「The company has entered into an overdraft agreement with Mitsubishi UFJ Bank, Ltd., maturing on 31 March 2020, and had borrowings of ¥350 million outstanding as of the end of the third quarter accounting period.」
For borrowings subject to financial covenants, the syndicated borrowing balance stands at ¥33.75 million, while the overdraft agreement with Mitsubishi UFJ Bank stands at ¥350 million and another overdraft agreement at ¥344 million, updating the composition and balances of the agreements. - FY2019-Q2Changes in balances of borrowings subject to financial covenantsAnnual report
「The company has entered into a syndicated loan agreement with a syndicate consisting of 2 financial institutions, maturing on 30 June 2019, and had borrowings of ¥67.5 million outstanding as of the end of the second quarter accounting period.」
The balance of syndicated borrowings subject to financial covenants declined from the previously disclosed ¥101.25 million to ¥67.5 million. The composition and balances of borrowings subject to financial covenants, including individual loan agreements and overdraft agreements, have also been updated. - FY2019-Q1Decline in borrowing balances and emergence of an overdraft balanceAnnual report
「The company has entered into a syndicated loan agreement with a syndicate consisting of 2 financial institutions, maturing on 30 June 2019, and had borrowings of ¥101.25 million outstanding as of the end of the first quarter accounting period.」
The balance of syndicated borrowings subject to financial covenants declined to ¥101.25 million, while new balances of ¥52 million under a special overdraft facility with Yokohama Shinkin Bank and ¥45 million under a Yokoshin Wide Line were disclosed, changing the composition of the borrowing agreements. - FY2018-Q3Expansion of borrowings subject to financial covenantsAnnual report
「The company has entered into an overdraft agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., maturing on 31 March 2019, and had borrowings of ¥550 million outstanding as of the end of the third quarter accounting period.」
In addition to the existing syndicated loan agreements and other facilities, the company discloses multiple agreements and borrowing balances, including overdraft agreements subject to financial covenants, indicating a change in the composition of its agreements. - FY2018-Q2RestatedAnnual report
「The company has entered into a syndicated loan agreement with a syndicate consisting of 2 financial institutions, maturing on 30 June 2019, and had borrowings of ¥202.5 million outstanding as of the end of the second quarter accounting period. This agreement contains the financial covenants described below. If the covenants are breached, the company may lose the benefit of time with respect to all obligations under the agreement.」
The company continues to disclose the syndicated loan agreement subject to financial covenants and the possibility of losing the benefit of time upon a covenant breach. Borrowings stand at ¥202.5 million. - FY2018-Q1RestatedAnnual report
「The company has entered into a syndicated loan agreement with a syndicate consisting of 2 financial institutions, maturing on 30 June 2019, and had borrowings of ¥236.25 million outstanding as of the end of the first quarter accounting period. This agreement contains the financial covenants described below. If the covenants are breached, the company may lose the benefit of time with respect to all obligations under the agreement.」
The company continues to disclose the syndicated loan agreement subject to financial covenants and the possibility of losing the benefit of time upon a covenant breach. Borrowings stand at ¥236.25 million. - FY2017Restructuring of agreements subject to financial covenantsAnnual report
「For the fiscal year ended 30 June 2017, (i) the company had entered into a syndicated loan agreement with a syndicate consisting of 2 financial institutions, maturing on 30 June 2019, and had borrowings of ¥270 million outstanding as of the end of the fiscal year.」
At fiscal year-end, the syndicated loan agreement maturing in June 2019, an individual borrowing from The Bank of Tokyo-Mitsubishi UFJ, and an overdraft agreement with no outstanding balance were disclosed, clarifying the composition and balances of borrowings subject to financial covenants. - FY2017-Q3Changes in the composition of agreements subject to financial covenantsAnnual report
「The company has entered into an overdraft agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., maturing on 31 October 2017, and had borrowings of ¥420 million outstanding as of the end of the third quarter accounting period. This agreement contains the following financial covenants, (i) and (ii).」
While the former disclosure of the syndicated loan agreement maturing on 28 February 2017 is no longer included, an overdraft agreement maturing on 31 October 2017 and its financial covenants are newly disclosed. - FY2017-Q2RestatedAnnual report
「If the Company breaches the relevant covenant, it may lose the benefit of time with respect to all contractual obligations.」
The financial covenants and the possibility of losing the benefit of time upon a covenant breach remain in place. Borrowing balances under each agreement have declined, but the company itself does not describe this as a reduction in risk. - FY2017-Q1RestatedAnnual report
「If the Company breaches the relevant covenant, it may lose the benefit of time with respect to all contractual obligations.」
The financial covenants and the possibility of losing the benefit of time upon a covenant breach remain in place. Borrowing balances have declined under each agreement, but the company itself does not describe this as a reduction in risk. - FY2016First statedAnnual report
「If the Company breaches the relevant covenant, it may lose the benefit of time with respect to all contractual obligations.」
Borrowings subject to financial covenants relating to the maintenance of net assets, avoidance of losses, segment profit or loss in the nursing care business, and other matters are outstanding.