Breach of Financial Covenants in Loan Agreements
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
44 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the financial covenant is breached, the Company will lose the benefit of time under the agreement if demanded by the lender and will need to secure funds to repay its obligations immediately, which may affect the Group's cash flow.」
The risk of breaching financial covenants under borrowing agreements continues to be disclosed. - FY2025RestatedAnnual report
「If the financial covenant is breached, the Company will lose the benefit of time under the agreement if demanded by the lender and will need to secure funds to repay its obligations immediately, which may affect the Group's cash flow.」
The risk of breaching financial covenants under borrowing agreements continues to be disclosed. - FY2024First statedAnnual report
「The amount of net assets in the net assets section of the Company's non-consolidated balance sheet as of the end of each fiscal year, beginning with the fiscal year ending March 2024, must be maintained at no less than 75% of the amount in the previous year.」
There is also a condition that ordinary profit or loss must not be a loss for 2 consecutive fiscal years during any consecutive 2-fiscal-year period from the fiscal year ending March 2024 onward.