Financial Covenants in Lending Commitment Agreement
First written in FY2018. 16 of 23 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The loan commitment agreement includes financial covenants, requiring cash and deposits and net assets on the consolidated balance sheet to be maintained above specified amounts during the contractual period, as well as compliance requirements concerning net income attributable to the fiscal year on the consolidated income statement and approval of Acugo®, among other matters.」
For the loan commitment agreement, financial covenants and compliance requirements concerning the maintenance of cash and net assets, net income for the fiscal year and approval of Acugo® were reconfirmed. - FY2026RestatedAnnual report
「The loan commitment agreement and term loan agreement include financial covenants, requiring cash and deposits and net assets on the consolidated balance sheet to be maintained above specified amounts during the contractual period, as well as compliance requirements concerning net income attributable to the fiscal year on the consolidated income statement and approval of Acugo®, among other matters.」
For the loan commitment agreement and term loan agreement, compliance requirements concerning the maintenance of cash and net assets and net income for the fiscal year, as well as approval of Acugo®, were reconfirmed. - FY2026-H1ReframedAnnual report
「Total loan commitment: ¥0 thousand; ¥3,000,000 thousand. Drawn balance: ¥0; ¥0. Undrawn amount: ¥0; ¥3,000,000 thousand.」
A loan commitment agreement that had ended as of the end of the previous fiscal year was disclosed as of the end of the interim period, with a total commitment and undrawn amount of ¥3 billion. The financial covenants concern maintaining cash and deposits and net assets, as well as approval of Acugo®. - FY2025ReframedAnnual report
「The loan commitment agreement was terminated during the fiscal year under review.」
The loan commitment agreement previously disclosed was terminated during the fiscal year under review. The term loan agreement, however, continues to include requirements concerning the maintenance of cash and deposits and net assets, as well as approval of SB623 and the scheduled timing of its commercialization. - FY2025-Q1RestatedAnnual report
「The loan commitment agreement and term loan agreement are subject primarily to financial covenants requiring cash and deposits and net assets on the consolidated balance sheet to remain above specified amounts throughout the term of the agreements, as well as compliance requirements concerning matters such as the scheduled timing of SB623 approval and sales.」
For the loan commitment agreements and other arrangements, compliance requirements concerning approval of SB623 and the scheduled timing of its commercialization were reconfirmed, in addition to maintaining cash and deposits and net assets. - FY2024-Q3RestatedAnnual report
「The loan commitment agreement and term loan agreement are subject primarily to financial covenants requiring cash and deposits and net assets on the consolidated balance sheet to remain above specified amounts throughout the term of the agreements, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The financial covenants and compliance requirements under the loan commitment agreements and other arrangements concerning maintenance of cash and deposits and net assets and the scheduled timing of SB623 sales were reaffirmed. - FY2024-Q2Decrease in commitment facilityAnnual report
「Total loan commitment amount ¥3,500 million ¥3,000 million Outstanding borrowings — — Unused amount ¥3,500 million ¥3,000 million」
The total loan commitment with the Company's banks decreased from ¥3.5 billion at the end of the previous consolidated fiscal year to ¥3.0 billion. There were no outstanding borrowings, leaving an undrawn commitment of ¥3.0 billion. The financial covenants include maintenance of cash and deposits and net assets, as well as compliance requirements concerning the scheduled timing of SB623 sales. - FY2024-Q1SoftenedAnnual report
「The loan commitment agreement and term loan agreement are subject primarily to financial covenants requiring cash and deposits and net assets on the consolidated balance sheet to remain above specified amounts throughout the term of the agreements, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The conditions relating to ordinary profit for the fiscal years ending January 2025 and January 2026, which had been stated previously, are not included in this filing. Instead, the filing sets out terms concerning the maintenance of cash and deposits and net assets and compliance requirements relating to matters such as the scheduled timing of SB623 sales. - FY2023RestatedAnnual report
「The loan commitment agreement and term loan agreement are subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreements, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The financial covenants relating to ordinary profit for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and the scheduled timing of SB623 sales were reaffirmed. - FY2023-Q3RestatedAnnual report
「The loan commitment agreement and term loan agreement are subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreements, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The terms of the loan commitment agreements and other arrangements relating to ordinary profit for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and the scheduled timing of SB623 sales were reaffirmed. - FY2023-Q2RestatedAnnual report
「The loan commitment agreement described above is subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreement, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The terms of the loan commitment agreement relating to ordinary profit for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and the scheduled timing of SB623 sales were reaffirmed. - FY2023-Q1RestatedAnnual report
「The loan commitment agreement described above is subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreement, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The terms of the loan commitment agreement relating to ordinary profit for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and the scheduled timing of SB623 sales were reaffirmed. - FY2022-Q2RestatedAnnual report
「The loan commitment agreement described above is subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreement, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The terms of the loan commitment agreement relating to ordinary profit for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and the scheduled timing of SB623 sales were reaffirmed. - FY2021ReframedAnnual report
「The loan commitment agreement described above is subject primarily to financial covenants, including a requirement that ordinary profit reported in the consolidated statements of income for the fiscal years ending January 2025 and January 2026 not be a loss, and that cash and deposits and net assets on the consolidated balance sheet remain above specified amounts throughout the term of the agreement, as well as compliance requirements concerning matters such as the scheduled timing of SB623 sales.」
The financial covenants in the loan commitment agreement include ordinary profit requirements for the fiscal years ending January 2025 and January 2026, maintenance of cash and deposits and net assets, and compliance requirements concerning matters such as the scheduled timing of SB623 sales. - FY2021-Q3RestatedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2021-Q1RestatedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
The financial covenant in the loan commitment agreement, and the requirement to avoid ordinary losses for 2 consecutive periods beginning with the fiscal year ending January 2020, were reaffirmed. - FY2020WorsenedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
The Company recorded an ordinary loss of ¥5,146 million in the fiscal year ending January 2020, the period from which compliance with the financial covenant began, making the avoidance of consecutive losses a more direct financial risk going forward. - FY2020-Q3RestatedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2020-Q1RestatedAnnual report
「(1) For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2019RestatedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2019-Q3RestatedAnnual report
「(1) For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2019-Q2RestatedAnnual report
「(1) For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
It was reaffirmed that the loan commitment agreement contains a financial covenant requiring ordinary profit not to be a loss for 2 consecutive periods beginning with the fiscal year ending January 2020. - FY2018First statedAnnual report
「For 2 consecutive periods beginning with the fiscal year ending January 2020, the first fiscal year ending after the fiscal year ending January 2020, consolidated ordinary profit reported in the consolidated statements of income for each fiscal year must not be a loss in 2 consecutive periods.」
The loan commitment agreement contains a financial covenant requiring that ordinary profit not be a loss for 2 consecutive periods from the fiscal year ending January 2020 onward.