Exposure to Compliance Requirements Under Loans with Financial Covenants
First written in FY2025. 1 of 3 entries say "Restated". Latest entry: FY2026.
22 other companies' latest entry also says "Other".
- FY2026Increase in borrowings subject to financial covenantsAnnual report
「The borrowing amount under the agreement for borrowings subject to the above financial covenants was ¥7,339 million at the end of the consolidated fiscal year." "The borrowing amount under the agreement for borrowings subject to the above financial covenants was ¥6,636 million at the end of the consolidated fiscal year.」
Borrowings subject to the covenant requiring avoidance of losses for 2 consecutive periods amounted to ¥7,339 million, while borrowings subject to the net assets maintenance covenant amounted to ¥6,636 million. These amounts increased from ¥6,289 million and ¥5,050 million, respectively, in the previous disclosure. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks and no material 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 new occurrence or material change in its exposure to compliance with the covenants on borrowings subject to financial covenants. - FY2025First statedAnnual report
「The borrower must ensure that operating income, ordinary income or loss, or net income shown on the income statement for a fiscal year or consolidated fiscal year of the borrower on a standalone or consolidated basis, or both, including the end of an interim consolidated accounting period where stipulated in the contract, does not be a loss for 2 consecutive periods.」
The Company disclosed the conditions applicable to borrowings subject to financial covenants, including avoidance of losses for 2 consecutive periods and maintenance of net assets at 75% or more. The applicable borrowing amounts were ¥6,289 million for the loss condition and ¥5,050 million for the net assets condition.