Net Asset Maintenance Covenant Associated with Borrowing for the New Kansai Plant
First written in FY2017-Q2. 7 of 11 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Of the Company's borrowings, ¥1,700 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥2.3 billion in the previous fiscal year to ¥1.7 billion. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2025MitigatedAnnual report
「Of the Company's borrowings, ¥2,300 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥2.9 billion in the previous fiscal year to ¥2.3 billion. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2024MitigatedAnnual report
「Of the Company's borrowings, ¥2,900 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥3.5 billion in the previous fiscal year to ¥2.9 billion. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2023MitigatedAnnual report
「Of the Company's borrowings, ¥3,500 million is subject to financial covenants.」
Borrowings subject to financial covenants decreased from ¥4.1 billion in the previous fiscal year to ¥3.5 billion. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2022MitigatedAnnual report
「Of the Company's borrowings, ¥4,100 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥4,700 million in the previous fiscal year to ¥4,100 million. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2021MitigatedAnnual report
「Of the Company's borrowings, ¥4,700 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥5,300 million in the previous fiscal year to ¥4,700 million. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2020MitigatedAnnual report
「Of the Company's borrowings, ¥5,300 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants decreased from ¥5,900 million in the previous fiscal year to ¥5,300 million. The covenant itself requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2019WorsenedAnnual report
「Of the Company's borrowings, ¥5,900 million is subject to financial covenants. If specified covenants are breached, the Company may lose the benefit of time with respect to the relevant debt.」
Borrowings subject to financial covenants increased from ¥1 billion in the previous fiscal year to ¥5.9 billion. The covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016 remains in effect. - FY2018RestatedAnnual report
「Maintain the amount of net assets in the net assets section of the consolidated balance sheet at each fiscal year-end at no less than 75% of the amount of net assets in the net assets section of the consolidated balance sheet as of the end of March 2016.」
The company continues to disclose the net worth maintenance covenant for the syndicated loan for the New Kansai Plant. - FY2017RestatedAnnual report
「Maintain the amount of net assets in the net assets section of the consolidated balance sheet at each fiscal year-end at no less than 75% of the amount of net assets in the net assets section of the consolidated balance sheet as of the end of March 2016.」
The net worth maintenance covenant for the syndicated loan for the New Kansai Plant was also confirmed in the annual report. Both consolidated and non-consolidated net assets must be maintained at no less than 75% of the reference net asset amount. - FY2017-Q2First statedAnnual report
「Maintain the amount of net assets in the net assets section of the consolidated balance sheet at each fiscal year-end at no less than 75% of the amount of net assets in the net assets section of the consolidated balance sheet as of the end of March 2016.」
The ¥6 billion syndicated loan agreement for the New Kansai Plant includes a net worth maintenance covenant requiring net assets to be maintained at no less than 75% of the amount at the end of March 2016.