Financial Covenants Attached to Borrowing Agreements
First written in FY2016-Q2. 11 of 12 entries say "Mitigated", first in FY2016-Q3. Latest entry: FY2019.
The whole theme swung hardest in 2025: 23 of 75 companies on the "Worse" side.
28 other companies' latest entry also says "Mitigated".
- FY2019MitigatedAnnual report
「¥3,691 million of short-term borrowings and ¥20,060 million of long-term borrowings」
Although the financial covenants remain in place, total borrowings subject to them decreased from ¥23,982 million in the previous fiscal year to ¥23,751 million. - FY2019-Q3MitigatedAnnual report
「¥516 million of short-term borrowings and ¥23,293 million of long-term borrowings」
Although the financial covenants remain in place, the borrowings subject to them decreased from ¥541 million of short-term borrowings and ¥23,326 million of long-term borrowings in the previous quarter to ¥516 million and ¥23,293 million, respectively. - FY2019-Q2MitigatedAnnual report
「¥541 million of short-term borrowings and ¥23,326 million of long-term borrowings」
The financial covenants remain in place. The borrowings subject to them changed from ¥231 million of short-term borrowings and ¥23,693 million of long-term borrowings in the previous quarter to ¥541 million and ¥23,326 million, respectively, reducing the total amount. - FY2019-Q1MitigatedAnnual report
「¥231 million of short-term borrowings and ¥23,693 million of long-term borrowings」
Although the financial covenants remain in place, the long-term borrowings subject to them decreased from ¥23,809 million in the previous quarter to ¥23,693 million. - FY2018-Q3MitigatedAnnual report
「¥231 million of short-term borrowings and ¥23,809 million of long-term borrowings」
Although the financial covenants remain in place, the long-term borrowings subject to them decreased from ¥23,867 million reported in the previous quarter to ¥23,809 million. - FY2018-Q2MitigatedAnnual report
「¥231 million of short-term borrowings and ¥23,867 million of long-term borrowings」
Although the financial covenants remain in place, the long-term borrowings subject to them decreased from ¥23,982 million at the end of the previous consolidated fiscal year to ¥23,867 million. - FY2018-Q1MitigatedAnnual report
「¥231 million of short-term borrowings and ¥23,925 million of long-term borrowings」
Although the financial covenants remain in place, the long-term borrowings subject to them decreased from ¥23,982 million at the end of the previous consolidated fiscal year to ¥23,925 million. - FY2017-Q3MitigatedAnnual report
「¥231 million of short-term borrowings and ¥24,040 million of long-term borrowings」
Although the financial covenants remain in place, the borrowings subject to them decreased from ¥343 million of short-term borrowings and ¥24,098 million of long-term borrowings in the previous quarter to ¥231 million and ¥24,040 million, respectively. - FY2017-Q2MitigatedAnnual report
「¥343 million of short-term borrowings and ¥24,098 million of long-term borrowings」
Although the financial covenants remain in place, the borrowings subject to them decreased from ¥568 million of short-term borrowings and ¥24,213 million of long-term borrowings at the end of the previous consolidated fiscal year to ¥343 million and ¥24,098 million, respectively. - FY2017-Q1MitigatedAnnual report
「¥455 million of short-term borrowings and ¥24,156 million of long-term borrowings」
Although the financial covenants remain in place, the borrowings subject to them decreased from ¥568 million of short-term borrowings and ¥24,213 million of long-term borrowings at the end of the previous consolidated fiscal year to ¥455 million and ¥24,156 million, respectively. - FY2016-Q3MitigatedAnnual report
「¥680 million of short-term borrowings and ¥14,171 million of long-term borrowings」
Although the financial covenants remain unchanged, the long-term borrowings subject to them decreased from ¥14,682 million at the end of the previous consolidated fiscal year to ¥14,171 million. - FY2016-Q2First statedAnnual report
「The amount obtained by deducting the total amount of cash and deposits on the balance sheet from interest-bearing debt, divided by the sum of operating income and depreciation in the Company's consolidated income statement for the relevant fiscal period, must not be 6.5 or higher for 2 consecutive fiscal periods.」
The Company has disclosed financial covenants including maintaining net assets at 75% or more, avoiding ordinary losses for 2 consecutive fiscal periods, and keeping the leverage ratio below 6.5.