Risk of Loss of Benefit of Time Due to Breach of Financial Covenants
First written in FY2018. 4 of 10 entries say "Restated". Latest entry: 2026-06-03.
17 other companies' latest entry also says "Dropped".
- 2026-06-03DroppedGeneral Meetings of ShareholdersSuggests it is closing out
「当初、最大約430億円の債権放棄を要請しておりましたが、事業譲渡や不動産売却の結果、事業再生計画において見込んでいた事業構造改善費用の圧縮が図られたことから、総額約120億円まで減額となりました。」
従来の最大額による金融支援要請から、実際の債務免除額が確定した経緯を記載している。 - FY2025DroppedAnnual report
「Fiscal year ended 31 March 2025 There are no applicable matters.」
Regarding the borrowing agreement with financial covenants disclosed through the previous fiscal year, no financial covenants are described for the current fiscal year, and the related agreement is stated to have ended. - FY2024Additional disclosure of a borrowing agreement with financial covenantsAnnual report
「(2) On 24 March 2023, the Company entered into a committed lending agreement with MUFG Bank, Ltd. as arranger and agent. The agreement contains financial covenants. If any covenant is breached, upon notice from the agent to the Company based on a demand from a majority of the lenders, the Company loses the benefit of time with respect to all obligations under the agreement owed to all lenders and the agent, and must immediately pay the principal of the loan, interest, settlement amounts and all other amounts payable by the Company under the agreement.」
In addition to the existing loan agreement, the Company discloses a committed lending agreement with financial covenants and ¥2,231 million in long-term borrowings under that agreement. The restrictions requiring maintenance of net assets at 75% and avoidance of net losses for 2 consecutive fiscal years remain in place. - FY2023ReframedAnnual report
「On 24 March 2023, the Company entered into a loan agreement with MUFG Bank, Ltd. as arranger and agent. The agreement contains financial covenants. If any covenant is breached, upon notice from the agent to the Company based on a demand from a majority of the lenders, the Company loses the benefit of time with respect to all obligations under the agreement owed to all lenders and the agent, and must immediately pay the principal of the loan, interest, settlement amounts and all other amounts payable by the Company under the agreement.」
The agreement was updated from the 2020 agreement to a new borrowing agreement dated 24 March 2023. The restrictions requiring maintenance of net assets at 75% or more and avoidance of net losses for 2 consecutive fiscal years remain in place. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of losing the benefit of time as a result of breaching the financial covenants. - FY2020ReframedAnnual report
「On 24 March 2020, the Company entered into a loan agreement with MUFG Bank, Ltd. as arranger and agent. The agreement contains financial covenants. If any covenant is breached, upon notice from the agent based on a demand from a majority of the lenders, the Company loses the benefit of time with respect to all obligations under the agreement and is required to pay them immediately.」
The framework was updated from the 2017 agreement to a new agreement dated 24 March 2020. The restrictions requiring maintenance of net assets at 75% or more and avoidance of net losses attributable to owners of the parent for 2 consecutive fiscal years remain in place. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of losing the benefit of time as a result of breaching the financial covenants. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of losing the benefit of time as a result of breaching the financial covenants. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of losing the benefit of time as a result of breaching the financial covenants. - FY2018First statedAnnual report
「The agreement contains financial covenants. If any covenant is breached, upon notice from the agent based on a demand from a majority of the lenders, the Company loses the benefit of time with respect to all obligations under the agreement and is required to pay them immediately. ① The Company undertakes to maintain, at the end of each fiscal year ending on or after the agreement date, the amount of net assets in the net assets section of its consolidated balance sheet at or above 75% of the higher of the amount of net assets in the net assets section of its consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2016.」
The financial covenants in the borrowing agreement, requiring maintenance of net assets at 75% or more and avoidance of net losses attributable to owners of the parent for 2 consecutive fiscal years, are disclosed as a topic for the first time.