Financial Covenants in Borrowing Agreements
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2025-H1.
43 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The above revolving credit facility agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants attached to the ¥4 billion revolving credit facility agreement, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2024RestatedAnnual report
「The above revolving credit facility agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose a ¥4 billion revolving credit facility agreement and financial covenants concerning the maintenance of net assets and ordinary income. - FY2024-Q3WorsenedAnnual report
「The Company has entered into a syndicated revolving credit facility agreement, with MUFG Bank, Ltd. as agent, to procure working capital efficiently.」
Entered into a new revolving credit facility agreement containing financial covenants, again creating a situation in which a breach would result in the loss of the benefit of time and an obligation to repay. The total borrowing limit is ¥4 billion. - FY2018MitigatedAnnual report
「The Company had entered into a syndicated revolving credit facility agreement, with MUFG Bank, Ltd. as agent, to procure working capital efficiently, but cancelled the agreement during the consolidated fiscal year under review.」
Reports the cancellation of a revolving credit facility agreement containing financial covenants and confirms the reduced risk of a breach under that agreement. - FY2018-Q3MitigatedAnnual report
「Financial covenants Some agreements relating to the Group's borrowings contained financial covenants concerning equity and earnings. However, because those agreements were cancelled, the possibility that a breach caused by deteriorating performance or other factors would result in a review of borrowing terms or an obligation to make early repayment no longer exists, and there is no longer a possibility of an impact on the Group's cash flow or financial position.」
States that, because the agreements containing financial covenants were cancelled, there is no longer a possibility of an impact from a review of borrowing terms or obligations to make early repayment in the event of a breach. - FY2018-Q2RestatedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants in its borrowing agreements, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2018-Q1RestatedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants in its borrowing agreements, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2017-Q3RestatedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants in its borrowing agreements, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2017-Q2RestatedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants in its borrowing agreements, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2017-Q1RestatedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Continues to disclose the financial covenants in its borrowing agreements, together with the loss of the benefit of time and repayment obligations in the event of a breach. - FY2016First statedAnnual report
「The above agreement contains the financial covenants described below. If the Company breaches even one of these covenants, it will, upon notification from the lender, lose the benefit of time and be required to repay the relevant borrowings.」
Discloses borrowing agreements containing covenants including maintaining net assets at 75% or more and ensuring that operating income and ordinary income are not negative.