Breach of Financial Covenants and Consultations with Financial Institutions
First written in FY2022. 11 of 12 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Of the borrowings for the fiscal year ended 31 March 2026, ¥511.595 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the current consolidated fiscal year.」
Borrowings subject to financial covenants decreased from ¥685.103 million in the previous fiscal year to ¥511.595 million, and the company stated that it was not in breach of the covenants as of the end of March 2026. - 2026-06-05MitigatedGeneral Meetings of Shareholders
「Of the borrowings at the end of the consolidated fiscal year, ¥511,595 thousand were subject to financial covenants relating to net assets in the consolidated balance sheet or the balance sheets of consolidated subsidiaries, and ordinary income and other items in the consolidated statements of income or the income statements of consolidated subsidiaries. The company was not in breach of any financial covenants at the end of the consolidated fiscal year.」
Borrowings subject to financial covenants totaled ¥511,595 thousand, down from ¥598,349 thousand in the previous disclosure. No covenant breach existed at the end of the period. - FY2026-H1MitigatedAnnual report
「Of the borrowings during the six months ended 30 September 2025, ¥598.349 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the six-month period.」
Borrowings subject to financial covenants decreased to ¥598.349 million, and the company stated that it was not in breach of the covenants as of the end of September 2025. - FY2025-H1MitigatedAnnual report
「Of the borrowings during the six months ended 30 September 2024, ¥1,171.857 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the six-month period.」
Borrowings subject to financial covenants decreased to ¥1,171.857 million, and the company stated that it was not in breach of the covenants as of the end of September 2024. - FY2024MitigatedAnnual report
「Of the borrowings for the fiscal year ended 31 March 2024, ¥1,258.611 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the current consolidated fiscal year.」
Borrowings subject to financial covenants decreased to ¥1,258.611 million, and the company stated that it was not in breach of the covenants as of the end of March 2024. - FY2024-Q3MitigatedAnnual report
「Of the borrowings during the nine months ended 31 December 2023, ¥1,317.816 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the third quarter of the current consolidated fiscal year.」
Borrowings subject to financial covenants decreased to ¥1,317.816 million, down from the end of the previous consolidated fiscal year. The company also stated that it was not in breach of the financial covenants at the end of the third quarter. - FY2024-Q2MitigatedAnnual report
「Of the borrowings during the six months ended 30 September 2023, ¥1,345.365 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company was not in breach of the financial covenants at the end of the second quarter of the current consolidated fiscal year.」
Borrowings subject to financial covenants amounted to ¥1,345.365 million, down from ¥1,432.119 million at the end of the previous consolidated fiscal year. The company also stated that it was not in breach of the covenants at the end of the second quarter. - FY2024-Q1MitigatedAnnual report
「The company was not in breach of the financial covenants at the end of the first quarter of the current consolidated fiscal year.」
The company stated that it was not in breach of the financial covenants at the end of the first quarter, whereas a breach had been reported through the end of the previous consolidated fiscal year. - FY2023-Q3MitigatedAnnual report
「Of the borrowings, ¥1,475.496 million is subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company breached the financial covenants at the end of the previous consolidated fiscal year, but obtained an agreement from the lending financial institutions not to exercise their rights relating to a loss of the benefit of time.」
Borrowings subject to financial covenants amounted to ¥1,475.496 million, down from ¥1,605.627 million at the end of the previous consolidated fiscal year. The company also disclosed that it had obtained an agreement from the financial institutions not to exercise their rights relating to a loss of the benefit of time. - FY2023-Q2MitigatedAnnual report
「The company breached the financial covenants at the end of the previous consolidated fiscal year. However, as of the present time, the lending financial institutions have not sought to exercise their rights relating to a loss of the benefit of time, and the company believes that it will continue to receive support from its relationship banks.」
The financial covenant breach continues, but the company has not been asked to accept the exercise of rights relating to a loss of the benefit of time, and continued support from the financial institutions has been indicated. Borrowings subject to the covenants amounted to ¥1,518.873 million, down from ¥1,605.627 million at the end of the previous consolidated fiscal year. - FY2023-Q1MitigatedAnnual report
「Of the borrowings, ¥1,562.250 million and a ¥1,000.000 million commitment line are subject to financial covenants relating to the net assets section of the consolidated or consolidated subsidiaries' balance sheets and ordinary profit or loss and other items in the income statements. The company breached the financial covenants at the end of the previous consolidated fiscal year. However, as of the present time, the lending financial institutions have not exercised their rights relating to a loss of the benefit of time, and the company believes that it will continue to receive support from its relationship banks.」
Although the financial covenant breach continues, the financial institutions have not sought to exercise their rights relating to a loss of the benefit of time as of the present time, and the stated expectation of continued support limits any immediate impact on liquidity. - FY2022MaterialisedAnnual report
「The company breached financial covenants at the end of the current consolidated fiscal year. However, because it is engaged in constructive discussions with the lending financial institutions, it believes that it will continue to receive ongoing support from its relationship banks.」
Borrowings subject to financial covenants amounted to ¥1,605.627 million, and a covenant breach occurred at the end of the fiscal year ended March 2022. The company is discussing the matter with financial institutions and stated that it expects to receive ongoing support.