Breach of Financial Covenants on Borrowings
First written in FY2020. 4 of 6 entries say "Restated". Latest entry: FY2026.
Kidswell Bio moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The borrowings associated with the company's syndicated loan are subject to financial covenants. If the company breaches these covenants, the borrowings may become immediately due and payable, potentially affecting its financial position and operating results.」
The general risk relating to financial covenants on borrowings was organized as a risk based on specific financial covenants concerning net assets, earnings and cash and deposits attached to the syndicated loan executed in November 2025. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company disclosed that there had been no material change in the risk of breaching financial covenants attached to borrowings. - FY2022-Q3RestatedAnnual report
「However, in preparation for unforeseen risks arising from a prolonged impact of COVID-19, the company will work to maintain and improve on-hand liquidity, taking the financial covenants into account and including raising funds as necessary.」
The company reconfirmed its policy of considering the financial covenants and working to raise funds as necessary and maintain and improve on-hand liquidity. - FY2022-Q2RestatedAnnual report
「However, in preparation for unforeseen risks arising from a prolonged impact of COVID-19, the company will work to maintain and improve on-hand liquidity, taking the financial covenants into account and including raising funds as necessary.」
The company reconfirmed its policy of considering the financial covenants and working to raise funds as necessary and maintain and improve on-hand liquidity. - FY2022-Q1RestatedAnnual report
「However, in preparation for unforeseen risks arising from a prolonged impact of COVID-19, the company will work to maintain and improve on-hand liquidity, taking the financial covenants into account and including raising funds as necessary.」
The company reconfirmed its policy of considering the financial covenants on its borrowings and working to raise funds as necessary and maintain and improve on-hand liquidity. - FY2020First statedAnnual report
「The company's borrowings are subject to financial covenants. If the company breaches these covenants, the borrowings may become immediately due and payable, potentially affecting its financial position and operating results.」
The potential breach of financial covenants attached to borrowings and the resulting potential loss of the benefit of time were disclosed as a new financial risk.