Uncommitted Main Bank Support and Cash-Flow Risk
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2023-Q2.
1 other company's latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「From a financial perspective, we explained the situation to financial institutions and obtained their understanding of our need for financial support. We have already procured the necessary funds, and regarding the violation of financial covenants under some borrowings, we have also obtained agreement not to exercise the right to demand the loss of the benefit of time.」
We have reconfirmed the explanation that the necessary funds have already been raised with the understanding of the financial institutions, and that an agreement has been reached not to exercise the right to declare a loss of the benefit of time with respect to any breach of the financial covenants. - FY2023-Q1RestatedAnnual report
「From a financial perspective, we explained the situation to financial institutions and obtained their understanding of our need for financial support. We have already procured the necessary funds, and regarding the violation of financial covenants under some borrowings, we have also obtained agreement not to exercise the right to demand the loss of the benefit of time.」
The company has reiterated the previous fiscal year's explanation that it obtained financial institutions' understanding, had already procured the necessary funds and obtained agreement not to exercise the right to demand the loss of the benefit of time in connection with violations of financial covenants. - FY2022MitigatedAnnual report
「From a financial perspective, we explained the situation to financial institutions and obtained their understanding of our need for financial support. We have already procured the necessary funds, and regarding the violation of financial covenants under some borrowings, we have also obtained agreement not to exercise the right to demand the loss of the benefit of time.」
The disclosure has changed from the prior years' statement that support from the main bank and other institutions had not been formally committed to a statement that the company has obtained financial institutions' understanding, procured the necessary funds and obtained agreement not to exercise the right to demand the loss of the benefit of time. - FY2019DroppedAnnual reportThis report contains no reference to the material funding uncertainty caused by the main bank's support having not been formally committed as of now, which had been disclosed through the previous fiscal year.
- FY2018-Q3RestatedAnnual report
「Although the measures described above are being steadily implemented, progress under the medium-term management plan remains ongoing. In addition, although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company continues to indicate that it is implementing the medium-term management plan and expects support and cooperation from the main bank, while maintaining its explanation that material uncertainty remains because the support has not been formally committed. - FY2018-Q1RestatedAnnual report
「From a financial perspective, the Medium-Term Management Plan (Fiscal 2016–Fiscal 2018), prepared on the assumption of continued support from the main bank, is being steadily implemented. Financial support and cooperation are still expected, and we will work to stabilize cash flow. However, because the measures described above remain in progress, and although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company continues to expect support and cooperation from the main bank, while maintaining its explanation that no support has been formally committed as of now. - FY2017RestatedAnnual report
「The Medium-Term Management Plan (Fiscal 2016–Fiscal 2018), prepared on the assumption of continued support from the main bank, is being steadily implemented. Financial support and cooperation are still expected, and we will work to stabilize cash flow. However, although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed as of now. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company continues to expect support and cooperation from the main bank, while maintaining its explanation that these have not been formally committed as of now. - FY2017-Q3Measures to strengthen relationships through information sharing with lending banks specifiedAnnual report
「From a financial perspective, we will build good relationships by strengthening our ties with lending banks through continued information sharing.」
Measures to strengthen relationships through information sharing with lending banks were specified, but the uncertainty that support and cooperation from the main bank have not been formally committed as of now continues. - FY2017-Q2RestatedAnnual report
「From a financial perspective, the Medium-Term Management Plan (Fiscal 2016–Fiscal 2018), prepared on the assumption of continued support from the main bank, is being steadily implemented. Financial support and cooperation are still expected, and we will work to stabilize cash flow. However, because the measures described above remain in progress, and although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed as of now. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company continues to implement the medium-term management plan and expects support and cooperation from the main bank, while maintaining its explanation that such support has not been formally committed as of now. - FY2017-Q1RestatedAnnual report
「From a financial perspective, the Medium-Term Management Plan (Fiscal 2016–Fiscal 2018), prepared on the assumption of continued support from the main bank, is being steadily implemented. Financial support and cooperation are still expected, and we will work to stabilize cash flow. However, because the measures described above remain in progress, and although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed as of now. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company continues to expect support and cooperation from the main bank, while maintaining its explanation that these have not been formally committed as of now. - FY2016First statedAnnual report
「The Medium-Term Management Plan (Fiscal 2016–Fiscal 2018) was prepared on the assumption of continued support from the main bank. Financial support and cooperation are still expected, and we will work to stabilize cash flow. However, because the measures described above remain in progress, and although we have obtained the main bank's understanding of its support and cooperation, nothing has been formally committed as of now. Accordingly, material uncertainty relating to the going-concern assumption exists at this time.」
The company states that although the medium-term management plan assumes continued support from the main bank, such support has not been formally committed as of now.