Risk of acceleration due to financial covenants under a syndicated loan
First written in FY2022-Q1. 8 of 9 entries say "Restated". Latest entry: FY2026.
46 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「This agreement is subject to financial covenants. If any condition is breached, the company may be obligated to make early repayment of the borrowings, which could affect the operating results and other aspects of the group's performance.」
The company continues to disclose the syndicated loan's financial covenants and the risk of early repayment if they are breached. - FY2026-H1RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years.」
The company continues to disclose financial covenants requiring net assets to be maintained and prohibiting ordinary losses for consecutive fiscal years, as well as the risk of losing the benefit of time if they are breached. - FY2024-Q3RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years.」
The company continues to disclose financial covenants requiring net assets to be maintained at no less than 75% of the reference amount and prohibiting ordinary losses for 2 consecutive fiscal years, as well as the risk of losing the benefit of time if they are breached. - FY2024-Q2RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years.」
The company continues to disclose financial covenants requiring net assets to be maintained and prohibiting ordinary losses for consecutive fiscal years, as well as the risk of losing the benefit of time if they are breached. No breach has been reported. - FY2024-Q1RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years.」
The company continues to disclose financial covenants requiring net assets to be maintained and prohibiting ordinary losses for consecutive fiscal years, as well as the risk of losing the benefit of time if they are breached. - FY2023-Q2RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years. Initial assessment: fiscal year ending March 2023 (initial assessment period: fiscal years ending March 2022 and March 2023)」
The company continues to disclose financial covenants requiring net assets to be maintained and prohibiting ordinary losses for consecutive fiscal years, as well as the risk of losing the benefit of time if they are breached. No breach has been reported. - FY2023-Q1RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings.」
The company continues to disclose the syndicated loan's financial covenants and the possibility of losing the benefit of time if they are breached. The initial assessment is for the fiscal year ending March 2023. - FY2022-Q3RestatedAnnual report
「This agreement is subject to the following financial covenants. If any condition is breached, upon notification from the lender, the company will lose the benefit of time and be obligated to repay the relevant borrowings. ① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years.」
The company continues to disclose the syndicated loan's financial covenants and the possibility of losing the benefit of time if they are breached. - FY2022-Q1First statedAnnual report
「① At the end of each fiscal year, the amount of net assets in the consolidated balance sheet must be maintained at no less than 75% of the higher of the amount of net assets in the consolidated balance sheet at the end of the immediately preceding fiscal year or at the end of the fiscal year ending March 2020. ② With respect to ordinary income or loss reported in the consolidated statements of income for each fiscal year, ordinary losses must not be recorded for 2 consecutive fiscal years. Initial assessment: fiscal year ending March 2023 (initial assessment period: fiscal years ending March 2022 and March 2023)」
The syndicated loan is subject to financial covenants requiring net assets to be maintained at no less than 75% of the reference amount and prohibiting ordinary losses for 2 consecutive fiscal years. If a covenant is breached, the borrower may lose the benefit of time and become obligated to repay the borrowings.