Risk of Breaching Financial Covenants on Borrowings
First written in FY2026. 1 of 2 entries say "Advanced", first in 2026-09-29. Latest entry: 2026-09-29.
The whole theme swung hardest in 2017: 8 of 55 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- 2026-09-29AdvancedOccurring Fact
「This agreement includes the following financial covenants.」
Specific conditions have been disclosed in YNP's borrowing agreement in relation to the risk of breaching financial covenants, including the required debt repayment period, EBITDA of the transferred business, restrictions on transferring the business and maintaining YNP as a consolidated subsidiary. - FY2026First statedAnnual report
「The current portion of long-term borrowings and a portion of long-term borrowings, totalling ¥328.208 million (the balance of borrowings at the end of the current consolidated fiscal year), are governed by a term loan agreement with a commitment period entered into with a regional bank on 30 July 2024, with a repayment date of 31 July 2031. The agreement contains financial covenants, and a breach of any of the following covenants could result in the borrowings being subject to accelerated repayment in full. There was no breach of the financial covenants during the current consolidated fiscal year.」
The ¥328.208 million borrowing is subject to a financial covenant prohibiting the recognition of ordinary losses for 2 consecutive fiscal years, and the company discloses systematically for the first time that a breach could result in accelerated repayment in full.