Financial Covenants in Commitment Line Agreements
First written in FY2021-Q1. 5 of 6 entries say "Restated". Latest entry: FY2024-Q1.
44 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Financial covenants ① At the end of each consolidated fiscal year, maintain total net assets in the consolidated balance sheet at no less than 75% of total net assets in the consolidated balance sheet at the end of the previous consolidated fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated income statement.」
The new commitment line agreement and the renewal agreement also include financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses for 2 consecutive fiscal years to be avoided. - FY2023-Q1RestatedAnnual report
「Financial covenants ① At the end of each consolidated fiscal year, total net assets in the consolidated balance sheet must not fall below 75% of total net assets in the consolidated balance sheet at the end of the previous consolidated fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated income statement.」
The newly established commitment line also includes financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses for 2 consecutive fiscal years to be avoided. - FY2022-Q3RestatedAnnual report
「(8) Financial covenants ① At the end of each consolidated fiscal year, maintain total net assets in the consolidated balance sheet at no less than 75% of total net assets at the end of the previous consolidated fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated income statement.」
The new commitment line agreement also includes financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses for 2 consecutive fiscal years to be avoided. - FY2022-Q2RestatedAnnual report
「(8) Financial covenants ① At the end of each fiscal year, maintain total net assets in the consolidated balance sheet at no less than 75% of total net assets at the end of the previous fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated income statement.」
The new commitment line agreement also includes financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses for 2 consecutive fiscal years to be avoided. - FY2022-Q1RestatedAnnual report
「(8) Financial covenants ① At the end of each fiscal year, maintain total net assets in the consolidated or non-consolidated balance sheet at no less than 75% of total net assets at the end of the previous fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated or non-consolidated income statement at the end of each fiscal year.」
The financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses for 2 consecutive fiscal years to be avoided remain in effect following renewal of the commitment line agreement. - FY2021-Q1First statedAnnual report
「① At the end of each fiscal year, maintain total net assets in the consolidated or non-consolidated balance sheet at no less than 75% of total net assets at the end of the previous fiscal year. ② Do not record ordinary losses for 2 consecutive fiscal years in the consolidated or non-consolidated income statement at the end of each fiscal year.」
The working-capital commitment line agreement includes covenants requiring net assets to be maintained at no less than 75% of the previous year-end level and prohibiting ordinary losses for 2 consecutive fiscal years.