Financial Covenants Attached to a Loan Commitment Agreement
First written in FY2020-Q3. 5 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there were no material changes to the financial covenants attached to the loan commitment agreement. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there were no material changes to the financial covenants attached to the loan commitment agreement. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The Company states that there were no material changes to the financial covenants attached to the loan commitment agreement. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The Company states that there were no material changes to the financial covenants attached to the loan commitment agreement. - FY2021MitigatedAnnual report
「This loan commitment agreement ended during the fiscal year.」
The Company states that the loan commitment agreement containing covenants requiring net assets to be maintained at 75% or more and operating losses to be avoided for 2 consecutive periods ended during the fiscal year. - FY2020RestatedAnnual report
「Some of the loan commitment agreements entered into by the Company contain financial covenants, and a breach of any of the following may result in the loss of the benefit of time for repayment. ① Maintain net assets at not less than 75% of the higher of the amount at the July 2019 fiscal year-end and the immediately preceding fiscal year-end. ② Ensure that operating income or loss shown in the standalone income statement for each fiscal year does not remain a loss for 2 consecutive periods. As of the end of the current fiscal year, there was no outstanding borrowing under this agreement.」
The Company continues to disclose covenants requiring net assets to be maintained at 75% or more and operating losses to be avoided for 2 consecutive periods, and states that the outstanding borrowing under the agreement was zero at the fiscal year-end. - FY2020-Q3First statedAnnual report
「The loan commitment agreements entered into by the Company contain financial covenants, and a breach of any of the following may result in the loss of the benefit of time for repayment. ① Maintain net assets at not less than 75% of the higher of the amount at the July 2019 fiscal year-end and the immediately preceding fiscal year-end (for the July 2020 fiscal year-end, the amount at the July 2019 fiscal year-end applies). ② Ensure that operating income or loss shown in the standalone income statement for each fiscal year does not remain a loss for 2 consecutive periods.」
The Company discloses financial covenants under newly entered loan commitment agreements requiring it to maintain net assets at 75% or more of the benchmark amount and avoid operating losses for 2 consecutive periods.