Financial Covenants Attached to a Commitment Line
First written in FY2017-Q1. 24 of 29 entries say "Restated". Latest entry: FY2026.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「① From the fiscal year ending June 2026 onward, the amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of June 2025. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2026, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the new commitment line and loan agreements are described. The framework requiring net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years remains unchanged, while the base date has been updated to the end of the fiscal year ending June 2025 and application begins with the fiscal year ending June 2026 onward. - FY2026-H1RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2024-Q3RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2024-Q1RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2023RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2023-Q3RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2023-Q2RestatedAnnual report
「The commitment line is subject to the following financial covenants: ① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2023-Q1RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2022RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2022-Q2RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more of the base amount and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2022-Q1RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more of the base amount and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2021RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2021-Q3RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more of the base amount and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2021-Q1RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more of the base amount and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2020-Q3ReframedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the consolidated balance sheet at the end of the fiscal year ended June 2019. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2020, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The base date for the financial covenants was updated to the end of the fiscal year ended June 2019, and the applicable period shifted to the fiscal year ending June 2020 onward. The framework requiring consolidated net assets to be maintained at 75% or more and preventing consolidated ordinary losses in 2 consecutive fiscal years remains unchanged. - FY2020-Q2RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2018. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2019, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants requiring consolidated net assets to be maintained at 75% or more of the base amount and preventing consolidated ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2020-Q1ReframedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2018. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2019, operating income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants specify consolidated operating income as the basis for preventing losses in 2 consecutive fiscal years. The previous full-year filing referred to consolidated ordinary income, indicating a change in wording. - FY2019RestatedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2018. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2019, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants changed from a non-consolidated to a consolidated basis, and the conditions requiring net assets to be maintained at 75% or more and preventing ordinary losses in 2 consecutive fiscal years are reconfirmed. - FY2019-Q3ReframedAnnual report
「① The amount of net assets shown in the consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2018. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2019, ordinary income on the consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants changed from a non-consolidated to a consolidated basis and from operating income to ordinary income, while the base date changed to the end of the fiscal year ended June 2018. - FY2019-Q2RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line requiring net assets to be maintained at 75% or more and preventing operating losses in 2 consecutive fiscal years are reconfirmed. - FY2019-Q1RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line requiring net assets to be maintained at 75% or more and preventing operating losses in 2 consecutive fiscal years are reconfirmed. - FY2018RestatedAnnual report
「The agreement is subject to financial covenants, and a breach of these covenants could result in the loss of the benefit of time and affect our financial condition.」
The syndicated loan's financial covenants and the risk of loss of the benefit of time in the event of a breach are reconfirmed. - FY2018-Q3RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line require net assets to be maintained at 75% or more and prevent operating losses in 2 consecutive fiscal years. - FY2018-Q2RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line concerning maintenance of net assets and prevention of operating losses in 2 consecutive fiscal years are reiterated. - FY2018-Q1RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line concerning maintenance of net assets and prevention of operating losses in 2 consecutive fiscal years are reiterated. - FY2017RestatedAnnual report
「The agreement is subject to financial covenants, and a breach of these covenants could result in the loss of the benefit of time and affect our financial condition.」
The financial covenants attached to the syndicated loan and the risk of loss of the benefit of time in the event of a breach are reconfirmed. - FY2017-Q3RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line concerning maintenance of net assets and prevention of operating losses in 2 consecutive fiscal years are reiterated. - FY2017-Q2RestatedAnnual report
「① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line concerning maintenance of net assets and prevention of operating losses in 2 consecutive fiscal years are reiterated. - FY2017-Q1First statedAnnual report
「The commitment line is subject to the following financial covenants: ① The amount of net assets shown in the non-consolidated balance sheet at the end of each fiscal year must be maintained at 75% or more of the amount of net assets shown in the non-consolidated balance sheet at the end of the fiscal year ended June 2015. ② For 2 consecutive fiscal years beginning with the fiscal year ending June 2017, operating income on the non-consolidated income statement for each fiscal year must not be a loss for 2 consecutive fiscal years.」
The commitment line is subject to financial covenants requiring net assets to be maintained at 75% or more of the base-period amount and preventing operating losses in 2 consecutive fiscal years.