Risk of accelerated repayment of borrowings following a breach of financial covenants
First written in FY2025. 1 of 3 entries say "Mitigated", first in 2026-03-23. Latest entry: FY2026-H1.
16 other companies' latest entry also says "Dropped".
- FY2026-H1DroppedAnnual report
「The financial covenants attached to the existing borrowings were extinguished following the early repayment of ¥6,300 million of existing borrowings on 31 March 2026.」
The item was removed from business risks because the risk was eliminated through the early repayment of borrowings subject to financial covenants. - 2026-03-23MitigatedTimely disclosureSuggests it is closing out
「Through the execution of this agreement, we will work to maintain and strengthen our financial base by stabilizing funding over the medium to long term and improving the contractual terms, including the elimination of the financial covenants attached to existing borrowings.」
The company indicated that it would make an early repayment of ¥6,300 million in existing borrowings and improve the contractual terms, including eliminating the financial covenants. The early repayment date is 31 March 2026. As the matter was at the resolution stage at the time of disclosure, it is recorded as an indication of reduced risk and its resolution. - FY2025First statedAnnual report
「Not allowing a situation to arise in which either consolidated operating income or net income is in deficit at the end of the fiscal year in any year」
In addition to a covenant requiring total equity to be maintained above a certain level, a covenant to avoid losses is described. The company states that it was in compliance as of the end of August 2025 and that there were no signs of a breach.