Financial Covenants of a Syndicated Loan
First written in FY2024-Q2. . Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 24 of 80 companies on the "Worse" side.
19 other companies' latest entry also says "Other".
- FY2026-H1Updated the amounts subject to financial covenants and the fiscal years subject to complianceAnnual report
「Of the Group's long-term borrowings, including the current portion of long-term borrowings, ¥7,714 million is subject to the following financial covenants. The first fiscal years subject to compliance are the fiscal year ending September 2026, the immediately preceding fiscal year ending September 2025, and the fiscal year immediately preceding that ending September 2024. The Company was not in breach of the financial covenants during the current interim consolidated accounting period.」
The borrowings subject to the financial covenants totaled ¥7,714 million, and the fiscal year first subject to compliance with the net asset maintenance and other covenants was specified as the fiscal year ending September 2026. There was no breach as of the interim period-end. - FY2025-H1Specified the period subject to compliance with the financial covenantsAnnual report
「The covenants are as follows. ① The amount of net assets in the consolidated balance sheet as of the end of each fiscal year must not be less than 75% of the greater of the amount of net assets in the consolidated balance sheet as of the end of the immediately preceding fiscal year or as of the end of the fiscal year ending in September 2023 for 2 consecutive fiscal years. The first fiscal years subject to compliance are the fiscal year ending September 2025 and the immediately preceding fiscal year ending September 2024.」
The long-term borrowings subject to the financial covenants totaled ¥8,357 million, and the 2-consecutive-period criterion under the net asset maintenance covenant and the first fiscal year subject to compliance were specified. There was no breach as of the interim period-end. - FY2024Specified the amounts and conditions applicable to the financial covenantsAnnual report
「Of the Group's long-term borrowings, including the current portion of long-term borrowings, ¥8,678 million is subject to the following financial covenants.」
The borrowings subject to the financial covenants totaled ¥8,678 million, and the fiscal years subject to compliance with the net asset maintenance and cash flow covenants were specified. There was no breach as of the period-end. - FY2024-Q2First statedAnnual report
「① The amount of net assets in the consolidated balance sheet as of the end of each consolidated fiscal year must be maintained at or above 75% of the greater of the amount of net assets in the consolidated balance sheet as of the end of the immediately preceding consolidated fiscal year or as of the end of the fiscal year ended September 2023. The Company was not in breach of the financial covenants as of the end of the current second-quarter accounting period.」
Disclosed that the syndicated loan is subject to financial covenants concerning maintenance of net assets, cash flow and other matters. No breach had occurred as of the end of the second quarter.