Acceleration Following Breach of Financial Covenants
First written in FY2026-H1. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The following loan agreements among the company's borrowings contain financial covenants. If the company breaches these covenants and the lenders make a demand, the company will lose the benefit of time.」
Provides specific disclosure of the outstanding debt and financial covenants for multiple loan agreements with city banks and regional banks, including maintaining net assets at 75% or more and avoiding consecutive ordinary losses. - FY2026-H1First statedAnnual report
「The following loan agreements among the company's borrowings contain financial covenants. If the company breaches these covenants and the lenders make a demand, the company will lose the benefit of time. Requirements 1 and 2: With respect to the consolidated balance sheet, maintain net assets at or above the higher of the net assets at the end of the fiscal year ended March 2025 or 75% of net assets at the end of the immediately preceding fiscal year. With respect to the consolidated income statement, do not report an ordinary loss for 2 consecutive fiscal years. Requirement 3: Breach 1 or more of the following conditions for 3 consecutive fiscal years.」
Newly discloses the risk of losing the benefit of time if the company breaches financial covenants attached to borrowings from city banks and regional banks entered into in September 2025, including maintaining net assets at 75% or more and avoiding consecutive ordinary losses, and the lenders make a demand.