Komori
NEXYZ.Group (4346) · FactDropped

Financial Covenants under the Syndicated Loan

First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.

6entries
8years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019MaterialisedFY20202016: 12017: 120172018: 120182019: 120192020: 120202021: 020212022: 020222023: 12023
Same theme, other companies
Risk of Loss of the Benefit of Time Due to Breach of Financial CovenantsA theme 291 companies write about · 295 as a headwind · 0 as a tailwind

16 other companies' latest entry also says "Dropped".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 196 companies compared. The sentences above are computed from all 196.Comparing 200 of the theme's 297 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2023DroppedAnnual report

    「Fiscal year (30 September 2023) There are no applicable matters.」

    The previous fiscal year's disclosure of a breach of the syndicated loan financial covenants and the financial institutions' consent does not appear in the financial covenant notes for the current fiscal year.
  2. FY2020MaterialisedAnnual report

    「The company is in breach of the relevant covenants because, during the fiscal year, net assets fell below 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the immediately preceding fiscal year and an ordinary loss was recorded in the consolidated statement of income. However, the company has obtained the lending financial institutions' consent not to exercise their rights relating to acceleration of the debt.」

    The company actually breached the net worth maintenance covenant and ordinary income and loss covenant, but obtained the financial institutions' consent not to exercise their rights relating to acceleration of the debt.
  3. FY2019RestatedAnnual report

    「At the end of each fiscal year, the total amount of net assets shown under net assets on the consolidated balance sheet must be maintained at or above the higher of an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2014 and an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet for the immediately preceding fiscal year.」

    The company continues to disclose a covenant requiring net assets to be maintained at 75% or more and a covenant prohibiting ordinary loss.
  4. FY2018RestatedAnnual report

    「At the end of each fiscal year, the total amount of net assets shown under net assets on the consolidated balance sheet must be maintained at or above the higher of an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2014 and an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet for the immediately preceding fiscal year.」

    The company continues to disclose a covenant requiring net assets to be maintained at 75% or more and a covenant prohibiting ordinary loss.
  5. FY2017RestatedAnnual report

    「At the end of each fiscal year, the total amount of net assets shown under net assets on the consolidated balance sheet must be maintained at or above the higher of an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2014 and an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet for the immediately preceding fiscal year.」

    The company continues to disclose a covenant requiring net assets to be maintained at 75% or more and a covenant prohibiting ordinary loss.
  6. FY2016First statedAnnual report

    「The total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2016 must be maintained at or above an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2014. Thereafter, at the end of each fiscal year, the total amount of net assets shown under net assets on the consolidated balance sheet must be maintained at or above the higher of an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet at the end of the fiscal year ending September 2014 and an amount equivalent to 75% of the total amount of net assets shown under net assets on the consolidated balance sheet for the immediately preceding fiscal year.」

    For the syndicated loan, the company has disclosed a net worth maintenance covenant and a covenant prohibiting ordinary loss.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

When this could move next
No upcoming earnings preview for NEXYZ.Group yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Financial Covenants under the Syndicated Loan | NEXYZ.Group Corporation (4346) | Komori