Iwatsuka Confectionery (2221) · RiskDropped
Financial Covenants in Borrowing Agreements
First written in FY2016. 1 of 2 entries say "Dropped", first in FY2020. Latest entry: FY2020.
2entries
5years
0from disclosures
How it moved
Same theme, other companies
Risk of Loss of Benefit of Time Due to Breach of Financial CovenantsA theme 295 companies write about · 298 as a headwind · 0 as a tailwind
17 other companies' latest entry also says "Dropped".
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Showing 14 of the 196 companies compared. The sentences above are computed from all 196.Comparing 200 of the theme's 301 threads.Full recordFilings, disclosures and news, newest first
- FY2020DroppedAnnual reportNo disclosure concerning the financial covenants in the borrowing agreements previously described in the Business Risks or Financial Information sections was found in this securities report.
- FY2016First statedAnnual report
「The Company will be in breach of its financial covenants if, at the end of each fiscal year and at the end of the second quarter, the amount obtained by deducting total valuation and translation adjustments from total net assets in the consolidated balance sheet cannot be maintained at 75% or more of the corresponding amount at the immediately preceding fiscal year-end or second-quarter end.」
The ¥2 billion syndicated loan agreement includes a net worth maintenance covenant and a covenant relating to ordinary income or loss. The document does not state that a breach occurred during the fiscal year.