Occurrence of an event stipulated in the financial covenants
BPLATS,Inc.
First Series Unsecured Convertible Bonds with Stock Acquisition Rights
The amount of total net assets on the consolidated balance sheet as of the end of the fiscal year ending March 2026 fell below 75% of the amount of consolidated total net assets at the end of the immediately preceding fiscal year, resulting in a breach of the financial covenants.
The impact of this matter on eREX’s financial results is expected to be minor.
Related procedures
Breach of the financial covenants for the bonds (a state in which a contractual right to demand early redemption has arisen)
The company will maintain a good relationship with グロースパートナーズ株式会社 while continuing to receive its support. The company will promptly disclose the outcome of discussions with グロースパートナーズ株式会社 once it is known.
| Item | Details |
|---|---|
| Event name | Occurrence of an event stipulated in the financial covenants |
| Date of occurrence | End of the fiscal year ending March 2026 (no calendar date provided) |
| Subject Entity | BPLATS,Inc. |
| Target Locations / Products | First Series Unsecured Convertible Bonds with Stock Acquisition Rights |
| Cause | The amount of total net assets on the consolidated balance sheet as of the end of the fiscal year ending March 2026 fell below 75% of the amount of consolidated total net assets at the end of the immediately preceding fiscal year, resulting in a breach of the financial covenants. |
| Impact on Earnings Forecast | The impact of this matter on eREX’s financial results is expected to be minor. |
| Type of litigation or proceeding | Breach of the financial covenants for the bonds (a state in which a contractual right to demand early redemption has arisen) |
| Outlook | The company will maintain a good relationship with グロースパートナーズ株式会社 while continuing to receive its support. The company will promptly disclose the outcome of discussions with グロースパートナーズ株式会社 once it is known. |
| Planned follow-up disclosure | The company will promptly disclose the outcome of discussions with グロースパートナーズ株式会社 once it is known. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The consolidated total net assets as of the end of the fiscal year ending March 2026 fell below 75% of the consolidated total net assets at the end of the immediately preceding fiscal year. The company has not indicated any further underlying cause.