Financial Covenants in Borrowing and Lending Commitment Agreements
First written in FY2020. 5 of 10 entries say "Restated". Latest entry: FY2026.
22 other companies' latest entry also says "Other".
- FY2026Increase in borrowings under the commitment agreementAnnual report
「Total overdraft limit and lending commitment agreements ¥1,200 million ¥1,200 million Outstanding borrowings — ¥400 million Available balance ¥1,200 million ¥800 million」
Although the total commitment remained unchanged at ¥1,200 million, outstanding borrowings increased from zero in the previous fiscal year to ¥400 million. - FY2026-H1Borrowings under the commitment agreementAnnual report
「Total overdraft limit and lending commitment agreements ¥1,200 million ¥1,200 million Outstanding borrowings — ¥300 million Available balance ¥1,200 million ¥900 million」
Although the total commitment remained unchanged at ¥1,200 million, outstanding borrowings stood at ¥300 million at the end of the current interim consolidated accounting period. The utilization status of agreements subject to financial covenants has become more concrete. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no new occurrences or material changes in existing risks, including financial covenants under borrowing and lending commitment agreements. - FY2023RaisedAnnual report
「Total overdraft limit and lending commitment agreements ¥1,200 million」
The total of overdraft facilities and lending commitments increased from ¥900 million in the previous fiscal year to ¥1,200 million. The company also newly disclosed long-term borrowings of ¥125.668 million associated with the acquisition of AWZ and financial covenants concerning net interest-bearing debt, EBITDA and other items from the fiscal year ending March 2024 onward. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no new occurrences or material changes in existing risks, including financial covenants under borrowing and lending commitment agreements. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no new occurrences or material changes in existing risks, including financial covenants under borrowing and lending commitment agreements. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no new occurrences or material changes in existing risks, including financial covenants under borrowing and lending commitment agreements. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no new occurrences or material changes in existing risks, including financial covenants under borrowing and lending commitment agreements. - FY2021RaisedAnnual report
「The lending commitment agreement for the current consolidated fiscal year ended 31 March 2021, with a total commitment of ¥600 million and an outstanding borrowing balance of ¥0 at the end of the fiscal year, is subject to the following financial covenants.」
The total commitment under the lending commitment agreement increased from ¥500 million in the previous consolidated fiscal year to ¥600 million. The covenants requiring net assets to be maintained at 75% or more and ordinary losses to be avoided for 2 consecutive periods remain in place. - FY2020First statedAnnual report
「① Maintain net assets at each consolidated fiscal year-end and each consolidated interim period-end at 75% or more of the amount of net assets at the end of the consolidated fiscal year ended March 2019. ② Do not report ordinary losses for 2 consecutive fiscal years.」
The company newly disclosed financial covenants for lending commitment agreements totaling ¥500 million, requiring net assets to be maintained at 75% or more and ordinary losses to be avoided for 2 consecutive periods.