Risk of Breaching Interest-Bearing Debt and Financial Covenants
First written in FY2018. 18 of 22 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2027-H1.
39 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「The net D/E ratio at the end of the interim consolidated accounting period was 1.06x, down 0.12 points, or an improvement, from 1.18x at the end of the previous consolidated fiscal year.」
The net D/E ratio improved from 1.18x to 1.06x, and financial indicators related to financial covenants and other matters continued to improve. - 2026-07-03WorsenedEarnings
「Net interest-bearing debt at the end of the first-quarter cumulative period was ¥114.725 billion, up approximately ¥2.9 billion from the end of the prior consolidated fiscal year, while equity attributable to owners of the parent increased by approximately ¥4.7 billion. As a result, the net D/E ratio at the end of the first-quarter cumulative period was 1.16x, down 0.02x from 1.18x at the prior fiscal year-end.」
Net interest-bearing debt increased, and the net D/E ratio remained high at 1.16x. - FY2026MitigatedAnnual report
「Borrowings as a percentage of total assets stood at 29.2% as of 28 February 2026.」
The ratio of borrowings to total assets declined from 31.7% in the previous fiscal year to 29.2%. The disclosure also states that no financial covenant had ever been breached as of the date of this document. - 2026-04-03MitigatedFinancial Results Presentation
「Net D/E ratio (H) 0.71 0.86 0.72」
The net D/E ratio declined from 0.86x to 0.72x, indicating improvement in financial metrics relating to interest-bearing debt and financial covenants. - FY2025WorsenedAnnual report
「As of 28 February 2025, borrowings represented 31.7% of total assets.」
The ratio of borrowings to total assets was 31.7%. The disclosure stating that no financial covenant had been breached as of the date of this document continues to be included. - FY2025-Q1MitigatedAnnual report
「As a result, at the end of the first quarter, the net D/E ratio improved by 0.04 points from 0.71x at the end of the previous consolidated fiscal year to 0.67x.」
The net D/E ratio improved from 0.71x to 0.67x due to a decrease in net interest-bearing debt and an increase in equity attributable to owners of the parent. - FY2024-Q3MitigatedAnnual report
「As a result, at the end of the cumulative third quarter, the D/E ratio improved by 0.02 points from 0.88x at the end of the previous consolidated fiscal year to 0.86x.」
The D/E ratio improved from 0.88x to 0.86x due to a decrease in interest-bearing debt and an increase in total equity, and remained below 1.0x. - FY2024-Q2The D/E ratio increased but remained below 1.0xAnnual report
「At the end of the cumulative second quarter, the D/E ratio deteriorated by 0.07 points from 0.88x at the end of the previous consolidated fiscal year to 0.95x, but remained at the same level as the 0.95x recorded at the end of the cumulative second quarter of the previous year.」
Although the D/E ratio deteriorated from the end of the previous fiscal year, it was 0.95x, unchanged from the same period of the previous year, and remained below 1.0x. - FY2024-Q1MitigatedAnnual report
「As a result, the D/E ratio at the end of the first quarter of the current consolidated cumulative period improved by 0.03 points from 0.88x at the end of the previous fiscal year to 0.85x.」
The D/E ratio related to the risk of breaching financial covenants improved to 0.85x and remained below 1.0x. - FY2023MitigatedAnnual report
「Because the proceeds raised through this subordinated loan are recorded as equity in the Company's consolidated financial statements, borrowings as a percentage of total assets stood at 31.2% as of 31 March 2023.」
The perpetual subordinated loan was treated as an equity-like financial instrument, and the ratio of borrowings to total assets was disclosed as 31.2%. No financial covenant had been breached as of the filing date. - FY2023-Q3MitigatedAnnual report
「As a result, the D/E ratio at the end of the third quarter of the current consolidated cumulative period was 0.89x, below 1x, improving by 0.14 points from 1.03x at the end of the previous fiscal year.」
The D/E ratio improved to below 1.0x, and the financial indicator related to the risk of breaching financial covenants improved from the end of the previous consolidated fiscal year. - FY2023-Q2MitigatedAnnual report
「As a result, the D/E ratio at the end of the second quarter of the current consolidated cumulative period was 0.95x, below 1x, improving by 0.08 points from 1.03x at the end of the previous fiscal year.」
The D/E ratio improved to below 1.0x, while the financial indicator related to the risk of breaching financial covenants also improved from 1.03x at the end of the previous quarter to 0.95x. - FY2023-Q1MitigatedAnnual report
「At the end of the cumulative first quarter, the D/E ratio was 0.96x, below 1.0x, improving by 0.06 points from 1.03x at the end of the previous consolidated fiscal year.」
The D/E ratio returned to below 1.0x, improving from 1.03x at the end of the previous fiscal year to 0.96x. Financial indicators related to the risk of breaching financial covenants also improved. - FY2022MitigatedAnnual report
「The perpetual subordinated loan has been classified as an “equity instrument” under International Financial Reporting Standards (IFRS) because it has no scheduled principal maturity and permits the discretionary deferral of interest payments. As the amount raised through this subordinated loan is recorded as “equity” in the Group's consolidated financial statements, borrowings represented 33.6% of total assets as of 31 March 2022.」
The perpetual subordinated loan was treated as an equity-like financial instrument, and the ratio of borrowings to total assets was disclosed as 33.6%. No financial covenant had been breached as of the filing date. - FY2022-Q1MitigatedAnnual report
「As a result, the D/E ratio at the end of the first quarter of the current consolidated cumulative period improved by 0.02 points to 0.98x, from 1.00x at the end of the previous fiscal year.」
The D/E ratio improved from 1.00 times to 0.98 times, reflecting the repayment of interest-bearing debt and an increase in capital. - FY2020-Q3MitigatedAnnual report
「As a result, the D/E ratio at the end of the third quarter was 0.86x, below 1.0x, improving from 0.96x at the end of the previous fiscal year.」
The D/E ratio remained below 1.0 times, and the financial metric related to the risk of breaching financial covenants improved from the end of the previous fiscal year. - FY2020-Q2MitigatedAnnual report
「As a result, the D/E ratio at the end of the second quarter was 0.88x, below 1.0x, improving from 0.96x at the end of the previous fiscal year.」
The D/E ratio remained below 1.0 times, improving from 0.96 times to 0.88 times. - FY2020-Q1MitigatedAnnual report
「As a result, the D/E ratio at the end of the first consolidated fiscal quarter was 0.86 times, below 1.0 times, improving from 0.96 times at the end of the previous consolidated fiscal year.」
Repayment of borrowings and an increase in retained earnings improved the D/E ratio from 0.96 times to 0.86 times, keeping it below 1.0 times. - FY2019MitigatedAnnual report
「The Group raises funds for its business through borrowings from financial institutions, including loan agreements such as syndicated loans. As of 31 March 2019, interest-bearing debt represented 35.0% of total assets.」
The interest-bearing debt ratio fell from 50.5% at the end of the previous fiscal year to 35.0%, and the company stated that it had never breached any financial covenants as of the filing date. - FY2019-Q3MitigatedAnnual report
「The Group raises funds for its business through borrowings from financial institutions, including loan agreements such as syndicated loans. As of 31 December 2018, interest-bearing debt represented 33.3% of total assets.」
The interest-bearing debt ratio fell to 33.3%, and the company stated that it had never breached any financial covenants as of the date of filing this document. - FY2019-Q2MitigatedAnnual report
「As of 30 September 2018, interest-bearing debt excluding preferred shares represented 33.6% of total assets.」
The interest-bearing debt ratio fell from 50.5% at the end of the previous fiscal year to 33.6%, and the company stated that it had never breached any financial covenants as of the filing date. - FY2018First statedAnnual report
「At the end of the current consolidated fiscal year, interest-bearing debt represented 50.5% of total assets.」
Quantifies the interest-bearing debt ratio at 50.5% and describes the risk of losing the benefit of time to repay if financial covenants requiring the maintenance of net assets and profit are breached.