Liquidity, interest rate and financial covenant risks associated with borrowings to acquire shares in an affiliated company
First written in FY2024. 4 of 5 entries say "Softened", first in FY2025-H1. Latest entry: FY2026.
Global Security Experts moved to the "Worse" side of this theme in 2025, 8 years after the typical company in this theme (2017).
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Consolidated accounting year (31 March 2026) Of the current portion of long-term borrowings and long-term borrowings, ¥487.985 million is subject to financial covenants relating to our financial position and operating results.」
Borrowings subject to financial covenants declined from ¥551.645 million in the previous consolidated fiscal year to ¥487.985 million. The risk itself remains. - FY2026-H1SoftenedAnnual report
「Interim consolidated accounting period (30 September 2025) Of the current portion of long-term borrowings and long-term borrowings, ¥519.815 million is subject to financial covenants relating to our financial position and operating results.」
Borrowings subject to financial covenants declined from ¥551.645 million in the previous consolidated fiscal year to ¥519.815 million. The risk associated with the financial covenants remains. - FY2025SoftenedAnnual report
「Consolidated accounting year (31 March 2025) Of the current portion of long-term borrowings and long-term borrowings, ¥551.645 million is subject to financial covenants relating to our financial position and operating results.」
Borrowings subject to financial covenants declined from ¥583.475 million in the previous interim period to ¥551.645 million. Liquidity, interest rate fluctuation and financial covenant risks associated with the borrowings remain. - FY2025-H1SoftenedAnnual report
「Interim consolidated accounting period (30 September 2024) Of the current portion of long-term borrowings and long-term borrowings, ¥583.475 million is subject to financial covenants relating to our financial position and operating results.」
Borrowings subject to financial covenants totaled ¥583.475 million, down from ¥615.305 million reported for the previous fiscal year. The risk arising from financial covenants attached to borrowings remains. - FY2024First statedAnnual report
「The borrowings finance the acquisition of shares in an affiliate and are exposed to liquidity risk and the risk of interest rate fluctuations. Of the current portion of long-term borrowings and long-term borrowings, ¥615.305 million is subject to financial covenants relating to our financial position and operating results.」
For the borrowings used to acquire shares in an affiliate, liquidity risk, interest rate fluctuation risk and the existence of ¥615.305 million subject to financial covenants are presented for the first time as an independently identifiable risk.