Risk of Lump-Sum Repayment of Long-Term Borrowings Subject to Financial Covenants
First written in FY2021. 5 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe current year's Business Risks and the notes to the financial statements do not contain the disclosures on long-term borrowings subject to financial covenants and the risk of accelerated repayment upon a breach that had appeared through the previous quarter.
- FY2023-Q3RestatedAnnual report
「Long-term borrowings subject to financial covenants Balance ¥15,480 million ¥15,480 million」
The balance of long-term borrowings subject to financial covenants was ¥15,480 million both at the end of the previous consolidated fiscal year and at the end of the third quarter, and the possibility of accelerated repayment upon a breach and the covenants continued to be disclosed. - FY2023-Q2RestatedAnnual report
「Long-term borrowings subject to financial covenants Balance ¥15,480 million ¥15,480 million」
The balance of long-term borrowings subject to financial covenants was ¥1,548 million both at the end of the previous consolidated fiscal year and at the end of the second quarter, and the possibility of accelerated repayment upon a breach and the covenants continued to be disclosed. - FY2023-Q1RestatedAnnual report
「Long-term borrowings subject to financial covenants Balance ¥15,480 million ¥15,480 million」
The balance of long-term borrowings subject to financial covenants was ¥15,480 million both at the end of the previous consolidated fiscal year and at the end of the first quarter, and the possibility of accelerated repayment upon a breach and the covenants continued to be disclosed. - FY2022MitigatedAnnual report
「Long-term borrowings subject to financial covenants Balance ¥22,550 million ¥15,480 million」
The balance of long-term borrowings subject to financial covenants decreased from ¥22,550 million to ¥15,480 million. The covenants requiring the maintenance of net assets and avoidance of an ordinary loss remain in effect. - FY2022-Q3RestatedAnnual report
「Some long-term borrowings are subject to financial covenants, and if these covenants are breached, the borrowings may be subject to accelerated repayment at the lenders' request. ① The total amount of net assets stated in the consolidated balance sheet as of the end of the fiscal year ending March 2024 and each subsequent fiscal year-end must be maintained at or above the higher of the amount equivalent to 75% of the total amount of net assets stated in the consolidated balance sheet as of the end of the fiscal year ended March 2023 and the amount equivalent to 75% of the total amount of net assets stated in the consolidated balance sheet as of the most recent fiscal year-end. ② Ordinary income stated in the consolidated income statement as of the end of the fiscal year ending March 2024 and each subsequent fiscal year-end must not be a loss.」
The balance of long-term borrowings subject to financial covenants remained at ¥22,550 million, and the net asset maintenance requirement and ordinary loss avoidance covenant applicable from the end of the fiscal year ending March 2024 continued to be disclosed. - FY2022-Q1RestatedAnnual report
「Some long-term borrowings are subject to financial covenants, and if these covenants are breached, the borrowings may be subject to accelerated repayment at the lenders' request. The balance of long-term borrowings subject to financial covenants is as follows. Previous consolidated fiscal year (31 March 2021) First quarter of the current consolidated fiscal year (30 June 2021) Long-term borrowings subject to financial covenants Balance ¥22,550 million ¥22,550 million」
The balance of long-term borrowings subject to financial covenants was ¥22,550 million, unchanged from the end of the previous fiscal year. The possibility of accelerated repayment upon a breach continued to be disclosed. - FY2021First statedAnnual report
「Some long-term borrowings are subject to financial covenants, and if these covenants are breached, the borrowings may be subject to accelerated repayment at the lenders' request. The balance of long-term borrowings subject to financial covenants is as follows: Long-term borrowings subject to financial covenants: ¥22,550 million.」
In connection with financing to address the pandemic, the Company recognized ¥22,550 million in long-term borrowings subject to financial covenants and disclosed covenants requiring the maintenance of net assets and avoidance of an ordinary loss, as well as the possibility of accelerated repayment in the event of a breach.