Financial Covenants Attached to Borrowing Agreements
First written in FY2018-Q2. 8 of 19 entries say "Restated". Latest entry: 2026-09-25.
18 other companies' latest entry also says "Advanced".
- 2026-09-25AdvancedOccurring Fact
「The net income or net loss attributable to owners of the parent presented in the consolidated statements of income for the fiscal year ending March 2027 and each subsequent fiscal year-end must not be a loss for 2 consecutive fiscal years.」
The Company entered into a ¥2,000,000 thousand syndicated loan agreement containing financial covenants and specified the covenant concerning net income attributable to owners of the parent. No breach of the covenants was disclosed. - FY2026MitigatedAnnual report
「At the end of the current consolidated fiscal year, the Company was not in breach of any of the above financial covenants.」
The Company remains in compliance with all financial covenants. Borrowings subject to the covenants decreased from approximately ¥4,020 million in total in the previous fiscal year to ¥2,456 million in the current fiscal year. - FY2023Change in the composition of borrowings subject to financial covenantsAnnual report
「At the end of the current consolidated fiscal year, the Company was not in breach of either of the financial covenants described in (1) and (2) above.」
The Company disclosed that new financial covenants were attached to the ¥1,750 million syndicated loan dated 30 September 2022 and other borrowings, and that none of the covenants had been breached as of the end of the current fiscal year. - FY2023-Q3RestatedAnnual report
「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no new breaches or material changes relating to the financial covenants attached to its borrowing agreements. - FY2023-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no new breaches or material changes relating to the financial covenants attached to its borrowing agreements. - FY2022MitigatedAnnual report
「At the end of the current consolidated fiscal year, the Company was not in breach of any of the financial covenants described in (1) through (3) above.」
There was no breach of the financial covenants, and borrowings subject to the covenants decreased from a total of ¥2,650 million in the previous fiscal year to ¥2,267.5 million in the current fiscal year. - FY2022-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no new breaches or material changes relating to the financial covenants attached to its borrowing agreements. - FY2021WorsenedAnnual report
「Of the long-term borrowings due for repayment within 1 year, ¥350 million, and of the long-term borrowings, ¥1,400 million, are subject to the following financial covenants: (1) The total net assets at the end of the fiscal year ending March 2022 shown in the consolidated balance sheet must be maintained at not less than 75% of the total net assets at the end of the fiscal year ended March 2021. (2) The operating income or loss shown in the consolidated income statement must not be negative for 2 consecutive fiscal periods. At the end of the current consolidated fiscal year, the Company was not in breach of the above financial covenants.」
Borrowings subject to the financial covenants totaled ¥1,750 million, up from the previously disclosed ¥875 million. The conditions require net assets to be maintained at 75% or more and operating losses to be avoided for 2 consecutive periods, and there was no breach at the end of the current fiscal year. - FY2021-Q3RestatedAnnual report
「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no new breaches or material changes relating to the financial covenants attached to its borrowing agreements. - FY2020MitigatedAnnual report
「At the end of the current consolidated fiscal year, the Company was not in breach of the above financial covenants.」
The Company disclosed that it was not in breach of the financial covenants breached in the previous fiscal year as of the end of the current consolidated fiscal year. - FY2020-Q3MitigatedAnnual report
「The ¥875 million long-term borrowing, including ¥500 million of long-term borrowings due for repayment within 1 year, is subject to the following financial covenants.」
The amount of long-term borrowing subject to the financial covenants decreased from the previously disclosed ¥1,000 million to ¥875 million. The covenants requiring net assets to be maintained at 75% or more and prohibiting operating losses for 2 consecutive periods remain in effect. - FY2020-Q2RestatedAnnual report
「The ¥1,000 million long-term borrowing, including ¥500 million of long-term borrowings due for repayment within 1 year, is subject to the following financial covenants.」
The Company continues to disclose the financial covenants attached to the ¥1,000 million long-term borrowing, requiring net assets to be maintained at 75% or more and prohibiting operating losses for 2 consecutive periods. - FY2020-Q1MitigatedAnnual report
「At the end of the previous consolidated fiscal year, the Company was in breach of the financial covenants described in (1) and (2) above. The syndicated loan under (1) was repaid on the contractual repayment date, 31 July 2019, and for (2), the Company reached an agreement with the lending financial institutions that they would not exercise their right to demand the loss of the benefit of time.」
Regarding the covenant breach that occurred at the end of the previous fiscal year, the syndicated loan was repaid on 31 July 2019, while for the term-out facility, the Company reached an agreement with the financial institutions that they would not exercise their right to demand the loss of the benefit of time. - FY2019MaterialisedAnnual report
「At the end of the current consolidated fiscal year, the Company was in breach of the financial covenants described in (1) and (2) above.」
A breach of the financial covenants relating to the ¥1,750 million syndicated loan and the ¥1,000 million term-out revolving credit facility actually occurred. The Company reached an agreement with the financial institutions that they would not exercise their right to demand the loss of the benefit of time. - FY2019-Q3RestatedAnnual report
「Of the long-term borrowings, ¥1,000 million under the term-out revolving credit facility agreement dated 29 August 2018 is subject to the following financial covenants: (1) At the end of each fiscal year, beginning with the fiscal year ending March 2019, the total net assets shown in the borrower's consolidated balance sheet must be maintained at not less than 75% of the higher of the total net assets at the end of the fiscal year ended March 2018 or at the end of the preceding fiscal year. (2) Beginning with the fiscal year ending March 2019, the operating income or loss shown in the borrower's consolidated income statement must not be negative for 2 consecutive fiscal periods.」
The Company continues to disclose the financial covenants attached to the ¥1,000 million long-term borrowing, requiring net assets to be maintained at 75% or more and prohibiting operating losses for 2 consecutive periods. No covenant breach is disclosed. - FY2019-Q2WorsenedAnnual report
「Of the long-term borrowings, ¥1,000 million under the term-out revolving credit facility agreement dated 29 August 2018 is subject to the following financial covenants.」
The Company newly provided specific details of the financial covenants relating to the ¥1,000 million long-term borrowing, including the requirement to maintain net assets and the restriction against operating losses for 2 consecutive periods. - FY2019-Q1RestatedAnnual report
「The Company has entered into syndicated loan and term loan agreements with financial institutions. These agreements contain financial covenants based on certain indicators calculated from the consolidated balance sheet, consolidated income statement and other financial statements, and there has been no change in these conditions.」
The Company disclosed that there has been no change in the conditions of the financial covenants attached to the syndicated loan and term loan agreements. - FY2018-Q3RestatedAnnual report
「The Company has entered into syndicated loan and term loan agreements with financial institutions. These agreements contain financial covenants based on certain indicators calculated from the consolidated balance sheet, consolidated income statement and other financial statements.」
The Company continues to disclose that the syndicated loan and term loan agreements contain financial covenants. - FY2018-Q2First statedAnnual report
「The Company has entered into syndicated loan and term loan agreements with financial institutions. These agreements contain financial covenants based on certain indicators calculated from the consolidated balance sheet, consolidated income statement and other financial statements.」
The Company newly disclosed that the syndicated loan and term loan agreements contain financial covenants based on certain indicators calculated from the financial statements and other documents.