Risk of breaching financial covenants under syndicated loans
First written in FY2016. 5 of 11 entries say "Restated". Latest entry: 2026-10-14.
22 other companies' latest entry also says "Other".
- 2026-10-14OtherEarnings
「令和８年８月期決算以降、各年度の決算期の末日におけるアクサス単体の貸借対照表上の純資産の部の金額を前年決算期末日におけるアクサス単体の貸借対照表上の純資産の部の金額の75％以上に維持すること。」
財務制限条項の適用開始年度が令和６年８月期決算以降から令和８年８月期決算以降へ更新された。 - FY2025RestatedAnnual report
「The commitment line agreement contains certain financial covenants, and a breach of these covenants could affect the company's financial condition and other matters.」
The company continues to disclose the conditions requiring net assets to be maintained at 75% or more of the previous year's level and ordinary income or loss not to be a loss for 2 consecutive fiscal years. - FY2024Update to the fiscal year in which the financial covenants take effectAnnual report
「From the fiscal year ended August 2024 onward, at the end of each fiscal year, maintain the amount of net assets on the non-consolidated balance sheet of アクサス at 75% or more of the amount of net assets on the non-consolidated balance sheet of アクサス at the end of the previous fiscal year.」
The conditions requiring net assets to be maintained at 75% or more and ordinary income or loss not to be a loss for 2 consecutive fiscal years continued, while the fiscal year in which they take effect was updated to the fiscal year ended August 2024 onward. - FY2021RestatedAnnual report
「For 2 consecutive fiscal years from the fiscal year ended August 2020 onward, ensure that ordinary income or loss shown on the non-consolidated income statement of アクサス for each fiscal year does not represent a loss for 2 consecutive fiscal years.」
The company continues to disclose the conditions requiring net assets to be maintained at 75% or more of the previous year's level and ordinary income or loss not to be a loss for 2 consecutive fiscal years. - FY2019Change in the calculation method for the financial covenantsAnnual report
「From the fiscal year ended August 2019 onward, at the end of each fiscal year, maintain the amount of net assets on the non-consolidated balance sheet of アクサス at 75% or more of the amount of net assets on the non-consolidated balance sheet of アクサス at the end of the previous fiscal year. However, net assets are calculated by deducting the valuation difference on securities and the amount of changes in capital and other items from the amount shown on アクサス's non-consolidated balance sheet.」
The condition to maintain net assets at 75% or more of the previous year's level continued, but the calculation method was changed to deduct changes in capital and other items, in addition to the valuation difference on securities, from the amount subject to determination. - FY2018-Q3Addition of profitability conditionAnnual report
「For 2 consecutive fiscal years from the fiscal year ended August 2018, ensure that ordinary income or loss shown on the non-consolidated income statement of アクサス for each fiscal year does not represent a loss for 2 consecutive fiscal years. The first compliance determination under this provision covers the fiscal year ended August 2018 and the immediately preceding fiscal year.」
In addition to maintaining net assets at 75% or more of the previous year's level, a condition was added to the commitment line's financial covenants requiring that ordinary income or loss not be a loss for 2 consecutive fiscal years. - FY2017SoftenedAnnual report
「From the fiscal year ended August 2017 onward, at the end of each fiscal year, maintain the amount of net assets on the non-consolidated balance sheet of アクサス, less the amount of the valuation difference on securities, at 75% or more of the amount of net assets on the non-consolidated balance sheet of アクサス at the end of the previous fiscal year, less the amount of the valuation difference on securities.」
The financial covenant remains in place, but the condition requiring a minimum amount of ¥1.36 billion, stated in the previous fiscal year, has been removed from the current year's disclosure. - FY2017-Q3RestatedAnnual report
「This agreement contains certain financial covenants, and a breach of these covenants could affect the company's financial condition and other matters.」
The company continues to identify as a risk the financial impact of breaching the financial covenants attached to the commitment line, which was increased to ¥7.3 billion. - FY2017-Q2RestatedAnnual report
「This agreement contains certain financial covenants, and a breach of these covenants could affect the company's financial condition and other matters.」
The company continues to disclose the financial covenants attached to the ¥7.0 billion commitment line and the financial impact of any breach. - FY2017-Q1RestatedAnnual report
「This agreement contains certain financial covenants, and a breach of these covenants could affect the company's financial condition and other matters.」
The company continues to disclose the financial covenants attached to the ¥7.0 billion commitment line and the financial impact of any breach. - FY2016First statedAnnual report
「This agreement contains certain financial covenants, and a breach of these covenants could affect the company's financial condition and other matters.」
The company newly identifies as a risk the financial impact of breaching the financial covenants attached to the ¥7.0 billion commitment line agreement.