Financial covenants under the syndicated loan
First written in FY2021. 5 of 11 entries say "Restated". Latest entry: FY2025.
39 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The outstanding borrowings at the end of the consolidated fiscal year were as follows. Outstanding borrowings at the end of the consolidated fiscal year: ¥143 million」
The outstanding balance under the loan agreement with Resona Bank decreased from ¥285.800 million at the end of the previous fiscal year to ¥143 million. The financial covenants remain in place. - FY2025-H1MitigatedAnnual report
「Outstanding balance under the loan agreement ¥285.800 million ¥214.400 million」
The outstanding balance under the loan agreement with Resona Bank decreased from ¥285.800 million at the end of the previous consolidated fiscal year to ¥214.400 million. The financial covenants themselves remain in place. - FY2024-Q2WorsenedAnnual report
「Term loan with a drawdown period Outstanding drawn balance ¥600 million ¥1,000 million Difference ¥400 million ¥0 million」
The outstanding drawn balance of the term loan with a drawdown period increased from ¥600 million at the end of the previous consolidated fiscal year to ¥1,000 million, increasing the borrowing exposure subject to the financial covenants. - FY2024-Q1RestatedAnnual report
「Each of these agreements contains the following financial covenants. If the Company breaches any of them, it may be required to repay the borrowings in full at the lender's request.」
The Company continues to disclose the financial covenants under the refinancing agreement relating to net assets, the amount obtained by deducting interest-bearing debt from cash and deposits, adjusted operating income and other matters. No covenant breaches have been disclosed. - FY2023RestatedAnnual report
「Each of these agreements also contains the following financial covenants. If the Company breaches any of them, it may be required to repay the borrowings in full at the lender's request.」
The Company continues to disclose the financial covenants under the refinancing agreement relating to net assets, the amount obtained by deducting interest-bearing debt from cash and deposits, adjusted operating income and other matters. No covenant breaches have been disclosed. - FY2023-Q3WorsenedAnnual report
「Each of these agreements contains the following financial covenants. If the Company breaches any of them, it may be required to repay the borrowings in full at the lender's request.」
The financial covenants under the new borrowing agreements relating to net assets, the amount obtained by deducting interest-bearing debt from cash and deposits, adjusted operating income and other matters were specified in detail. At the end of the third quarter, outstanding drawn borrowings comprised a ¥400 million term loan and a ¥500 million loan agreement, quantifying the borrowing exposure subject to the financial covenants. - FY2023-Q2RestatedAnnual report
「Each of these agreements contains the following financial covenants. If the Company breaches any of them, it may be required to repay the borrowings in full at the lender's request.」
The Company continues to disclose the financial covenants under the new borrowing agreements relating to net assets, the amount obtained by deducting interest-bearing debt from cash and deposits, adjusted operating income and other matters. No covenant breaches have been disclosed. - FY2022RestatedAnnual report
「The above agreement also contains financial covenants. If the Company breaches its compliance obligations under these covenants, it will lose the benefit of time for repayment upon demand by the bank and will be required to repay the amount immediately.」
The Company continues to disclose the financial covenants relating to working capital, operating income or loss and deposit balances under the syndicated loan. - FY2022-Q2RestatedAnnual report
「This agreement contains the following financial covenants.」
The financial covenants for the syndicated loan continued to apply, and the balance of borrowings subject to the covenants was ¥1,350 million. No new covenant breaches or additional risks were disclosed. - FY2022-Q1WorsenedAnnual report
「This agreement contains the following financial covenants.」
The financial covenants for the syndicated loan continued to apply, and the balance of borrowings subject to the covenants increased from ¥0 to ¥1,425 million. The drawdown made the exposure to the financial covenants concrete. - FY2021First statedAnnual report
「The above agreement contains financial covenants. If the Company breaches its compliance obligations under these covenants, it will lose the benefit of time for repayment upon demand by the bank and will be required to repay the amount immediately.」
The Company arranged a ¥1,500 million term loan and a ¥500 million committed credit line to fund the acquisition of shares in Emotion Tech and other purposes, with financial covenants relating to working capital, operating income or loss and deposit balances.