Financial Covenants under Loan Agreements from the Fiscal Year Ending July 2022 Onward
First written in FY2022-Q1. 13 of 15 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2026-H1.
44 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 have been no material changes to the financial covenants under the loan agreements covering the fiscal year ending July 2022 onward. - FY2025MitigatedAnnual report
「Current portion of long-term borrowings 16,640 thousand yen － Long-term borrowings － － Total 16,640 －」
Borrowings subject to financial covenants requiring equity to be maintained at or above 75% and operating losses for 2 consecutive fiscal years to be avoided fell to zero. - FY2025-H1MitigatedAnnual report
「Current portion of long-term borrowings 16,640 thousand yen 4,136 thousand yen Total 16,640 4,136」
Borrowings subject to financial covenants requiring equity to be maintained at or above 75% and operating losses for 2 consecutive fiscal years to be avoided decreased from ¥16,640 thousand to ¥4,136 thousand. - FY2024MitigatedAnnual report
「Current portion of long-term borrowings ¥25,008 thousand ¥16,640 thousand Long-term borrowings ¥16,640 thousand － Total ¥41,648 thousand ¥16,640 thousand」
Borrowings subject to financial covenants requiring equity to be maintained at or above 75% and prohibiting operating losses for 2 consecutive fiscal years decreased from ¥41,648 thousand to ¥16,640 thousand. - FY2024-Q3MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen 22,892 thousand yen Long-term borrowings 16,640 － Total 41,648 22,892」
Borrowings subject to financial covenants requiring equity to be maintained at or above 75% and prohibiting operating losses for 2 consecutive fiscal years decreased from ¥41,648 thousand at the end of the previous consolidated fiscal year to ¥22,892 thousand. - FY2024-Q2MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen 25,008 thousand yen Long-term borrowings 16,640 4,136 Total 41,648 29,144」
Borrowings subject to financial covenants requiring equity to be maintained at or above 75% and prohibiting operating losses for 2 consecutive fiscal years decreased from ¥41,648 thousand to ¥29,144 thousand. - FY2024-Q1MitigatedAnnual report
「Current portion of long-term borrowings ¥25,008 thousand ¥25,008 thousand Long-term borrowings ¥16,640 thousand ¥10,388 thousand Total ¥41,648 thousand ¥35,396 thousand」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥41,648 thousand at the end of the previous consolidated fiscal year to ¥35,396 thousand. - FY2023MitigatedAnnual report
「Current portion of long-term borrowings ¥25,008 thousand, long-term borrowings ¥16,640 thousand, total ¥41,648 thousand」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥66,656 thousand at the end of the previous fiscal year to ¥41,648 thousand. - FY2023-Q3MitigatedAnnual report
「Current portion of long-term borrowings ¥25,008 thousand, long-term borrowings ¥22,892 thousand, total ¥47,900 thousand」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥66,656 thousand at the end of FY2022 to ¥47,900 thousand. - FY2023-Q2MitigatedAnnual report
「The borrowings under this agreement are as follows. Current second-quarter consolidated accounting period (31 January 2023) Current portion of long-term borrowings 25,008 thousand yen Long-term borrowings 29,144 Total 54,152」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥66,656 thousand at the end of FY2022 to ¥54,152 thousand. - FY2023-Q1MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen Long-term borrowings 35,396 Total 60,404」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥66,656 thousand at the end of FY2022 to ¥60,404 thousand. - FY2022MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen 25,008 thousand yen Long-term borrowings 66,656 41,648 Total 91,664 66,656」
Borrowings subject to the financial covenants covering the fiscal year ending July 2022 onward decreased from ¥91,664 thousand at the end of the previous fiscal year to ¥66,656 thousand. - FY2022-Q3MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen 25,008 thousand yen Long-term borrowings 66,656 47,900 Total 91,664 72,908」
The financial covenants covering the fiscal year ending July 2022 onward remain in place, while borrowings subject to the covenants decreased from ¥91,664 thousand at the end of the previous fiscal year to ¥72,908 thousand. - FY2022-Q2MitigatedAnnual report
「Current portion of long-term borrowings 25,008 thousand yen 25,008 thousand yen Long-term borrowings 66,656 54,152 Total 91,664 79,160」
The financial covenants covering the fiscal year ending July 2022 onward remain in place, while borrowings subject to the covenants decreased from ¥91,664 thousand to ¥79,160 thousand. - FY2022-Q1First statedAnnual report
「The loan agreements entered into by the Company contain financial covenants. If any of the following conditions is breached, the Company may lose the benefit of time with respect to its obligations. ① For each fiscal year ending July 2022 onward, the amount of equity in the borrower's non-consolidated balance sheet at the relevant fiscal year-end must be maintained at or above 75% of the greater of the equity amount at the immediately preceding fiscal year-end or the equity amount at the fiscal year-end in July 2021. ② The borrower must not record operating losses for 2 consecutive fiscal years in the non-consolidated income statement for fiscal years ending July 2022 onward. The first determination will use the figures for the fiscal years ending July 2021 and July 2022.」
The Company first disclosed financial covenants for loan agreements covering the fiscal year ending July 2022 onward, requiring equity to be maintained at or above 75% of the reference amount and prohibiting operating losses for 2 consecutive fiscal years. The borrowings subject to the covenants totaled ¥85,412 thousand, and no breach of the covenants was reported.