Financial Covenants on Borrowings
First written in FY2017-Q1. 20 of 36 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2027-H1.
18 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「① Principal amount of debt: ¥93,924 million ② Repayment date: 30 April 2027 ③ Collateral securing the debt: None」
コスモ石油 entered into a borrowing agreement with financial covenants on 30 April 2026, with a principal amount of ¥93.924 billion and a repayment date of 30 April 2027. Events causing the loss of the benefit of time include substantial insolvency or losses for three consecutive periods in ordinary profit or loss and profit or loss for the period after income taxes. - FY2026MitigatedAnnual report
「Repayment under this agreement has been completed by the deadline.」
The filing states that repayment under the loan agreement with financial covenants entered into on 30 April 2025 was completed by the contractual deadline. - FY2026-H1WorsenedAnnual report
「① Principal amount of debt ¥104,130 million ② Repayment deadline 30 April 2026 ③ Details of collateral securing the debt None applicable.」
On 30 April 2025, Cosmo Oil entered into a new loan agreement with financial covenants, with principal of ¥104.13 billion and a repayment deadline of 30 April 2026. A material net liability position in the latest financial results or three consecutive periods of losses in ordinary profit or loss and profit or loss for the period after tax would constitute an event resulting in the loss of the benefit of time. - FY2025-H1MitigatedAnnual report
「Of the borrowings, ¥20,015 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥45,740 million at the end of the previous consolidated fiscal year to ¥20,015 million. The relevant covenant requires net assets to be maintained at ¥152.0 billion or more, and the final repayment date is stated as 30 December 2024. - FY2024Change to the stated repayment deadlineAnnual report
「(2) 28 June 2024 ¥19,890 million To maintain the amount of net assets in the net assets section of the consolidated balance sheet at each fiscal year-end at ¥152.0 billion or more」
Borrowings subject to financial covenants totaled ¥45,740 million, down from the end of the previous fiscal year. The final repayment date for borrowings of ¥19,890 million is stated as 28 June 2024. - FY2024-Q3Further change to repayment deadline and decrease in subject borrowingsAnnual report
「Of the borrowings, ¥45,740 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥46,240 million at the end of the previous consolidated fiscal year to ¥45,740 million. At the same time, the final repayment date for borrowings of ¥19,890 million was changed again, from 29 December 2023 to 29 March 2024. - FY2024-Q2Further change to repayment deadlineAnnual report
「(2) 29 December 2023 ¥19,890 million To maintain the amount of net assets in the net assets section of the consolidated balance sheet at each fiscal year-end at ¥152.0 billion or more」
Borrowings subject to financial covenants totaled ¥45,990 million, unchanged from the previous quarter, while the final repayment date for one of the subject borrowings changed from 30 September 2023 to 29 December 2023. - FY2024-Q1Decrease in borrowings subject to financial covenants and change in repayment deadlineAnnual report
「Of the borrowings, ¥45,990 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥46,240 million at the end of the previous consolidated fiscal year to ¥45,990 million. At the same time, the final repayment date for one of the subject borrowings changed from 28 April 2023 to 30 September 2023. - FY2023MitigatedAnnual report
「Of the borrowings, ¥46,240 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥54,160 million in the previous fiscal year to ¥46,240 million. Some covenants relating to the maintenance of net assets and ordinary profit or loss remain in place. - FY2023-Q3WorsenedAnnual report
「Of the borrowings, ¥56,240 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥54,160 million at the end of the previous consolidated fiscal year to ¥56,240 million. - FY2023-Q2WorsenedAnnual report
「Of the borrowings, ¥56,615 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥54,160 million at the end of the previous consolidated fiscal year to ¥56,615 million. In addition to the increase in subject borrowings, changes to final contractual repayment dates and outstanding borrowing balances are also included. - FY2023-Q1WorsenedAnnual report
「Of the borrowings, ¥56,615 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥54,160 million at the end of the previous consolidated fiscal year to ¥56,615 million. Covenants relating to the maintenance of net assets and ordinary profit or loss remain in place. - FY2022MitigatedAnnual report
「Of the borrowings, ¥54,160 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥101,940 million in the previous fiscal year to ¥54,160 million. Covenants relating to the maintenance of net assets and ordinary profit or loss remain in place. - FY2022-Q3MitigatedAnnual report
「Of the borrowings, ¥54,160 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥54,822 million at the end of the second quarter of the previous fiscal year to ¥54,160 million, and also decreased from ¥101,940 million at the end of the previous consolidated fiscal year. - FY2022-Q2MitigatedAnnual report
「Of the borrowings, ¥54,822 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased substantially from ¥101,940 million at the end of the previous consolidated fiscal year to ¥54,822 million. - FY2022-Q1MitigatedAnnual report
「Of the borrowings, ¥84,222 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥101,940 million at the end of the previous consolidated fiscal year to ¥84,222 million. Covenants relating to the maintenance of net assets and ordinary profit or loss remain in place. - FY2021MitigatedAnnual report
「Of the borrowings, ¥101,940 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥105,652 million in the previous fiscal year to ¥101,940 million. Covenants relating to the maintenance of net assets and ordinary profit or loss remain in place. - FY2021-Q3MitigatedAnnual report
「Of the borrowings, ¥102,822 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥103,783 million at the end of the second quarter of the previous fiscal year to ¥102,822 million. The final repayment date for borrowings subject to the net asset maintenance covenant changed from 30 April 2020 to 29 January 2021. - FY2021-Q2MitigatedAnnual report
「Of the borrowings, ¥103,783 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥105,652 million at the end of the previous consolidated fiscal year to ¥103,783 million. The final repayment date under covenant (2) changed from 30 April 2020 to 30 October 2020. - FY2021-Q1MitigatedAnnual report
「Of the borrowings, ¥104,699 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥105,652 million at the end of the previous consolidated fiscal year to ¥104,699 million. In addition, changes to some final repayment dates under the loan agreements are included. - FY2020WorsenedAnnual report
「Of the borrowings, ¥105,652 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥89,978 million in the previous fiscal year to ¥105,652 million, and covenants including requirements to maintain net assets were added. - FY2020-Q3MitigatedAnnual report
「Of the borrowings, ¥96,524 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥98,753 million at the end of the first quarter of the previous fiscal year and ¥97,749 million at the end of the second quarter of the previous fiscal year to ¥96,524 million. - FY2020-Q2MitigatedAnnual report
「Of the borrowings, ¥97,749 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥89,978 million at the end of the previous consolidated fiscal year, but decreased from ¥98,753 million at the end of the first quarter of the previous fiscal year to ¥97,749 million. Covenants including a requirement to maintain net assets at ¥213.6 billion or more remain in place. - FY2020-Q1WorsenedAnnual report
「Of the borrowings, ¥98,753 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements. (The covenants differ by agreement, but the principal ones are as follows.)」
Borrowings subject to financial covenants increased from ¥89,978 million at the end of the previous consolidated fiscal year to ¥98,753 million. New covenants, including one requiring net assets to be maintained at ¥213.6 billion or more, are also included. - FY2019MitigatedAnnual report
「Of the borrowings, ¥89,978 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥100,656 million in the previous fiscal year to ¥89,978 million. Covenants requiring net assets to be maintained at ¥156.6 billion or ¥152.0 billion or more remain in place. - FY2019-Q3MitigatedAnnual report
「Of the borrowings, ¥91,010 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥100,656 million at the end of the previous consolidated fiscal year to ¥91,010 million. Covenants requiring net assets to be maintained at ¥156.6 billion or ¥152.0 billion or more remain in place. - FY2019-Q2MitigatedAnnual report
「Of the borrowings, ¥92,270 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥100,656 million at the end of the previous consolidated fiscal year to ¥92,270 million. Covenants requiring net assets to be maintained at ¥156.6 billion or ¥152.0 billion or more remain in place. - FY2019-Q1MitigatedAnnual report
「Of the borrowings, ¥92,976 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥100,656 million at the end of the previous consolidated fiscal year to ¥92,976 million. Covenants requiring net assets to be maintained at ¥156.6 billion or ¥152.0 billion or more remain in place. - FY2018MitigatedAnnual report
「Of the borrowings, ¥100,656 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased from ¥111,396 million in the previous fiscal year to ¥100,656 million. Net assets were ¥356.1 billion, exceeding the stated threshold. - FY2018-Q3MitigatedAnnual report
「Of the borrowings, ¥105,013 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements. (The covenants differ by agreement, but the principal ones are as follows.)」
Borrowings subject to financial covenants decreased from ¥130,015 million at the end of the previous quarter to ¥105,013 million. Covenants relating to the maintenance of ordinary profit or loss and net assets remain in place. - FY2018-Q2MitigatedAnnual report
「Of the borrowings, ¥130,015 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements. (The covenants differ by agreement, but the principal ones are as follows.)」
Borrowings subject to financial covenants decreased from ¥155,949 million at the end of the previous quarter to ¥130,015 million. In addition, a covenant requiring net assets to be maintained at ¥152.0 billion or more is included for borrowings of ¥40,080 million with a final repayment date of 31 October 2017. - FY2018-Q1WorsenedAnnual report
「Of the borrowings, ¥155,949 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements. (The covenants differ by agreement, but the principal ones are as follows.)」
Borrowings subject to financial covenants increased from ¥111,396 million at the end of the previous fiscal year to ¥155,949 million. New covenants relating to the maintenance of net assets are also included. - FY2017WorsenedAnnual report
「Of the borrowings, ¥111,396 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants increased from ¥108,056 million in the third quarter to ¥111,396 million. Covenants relating to the maintenance of ordinary profit or loss and net assets remain in place. - FY2017-Q3RestatedAnnual report
「Of the borrowings, ¥108,056 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants decreased slightly to ¥108,056 million from ¥108,105 million in the previous quarter, while covenants relating to the maintenance of ordinary profit or loss and net assets remain in place. - FY2017-Q2RestatedAnnual report
「Of the borrowings, ¥108,105 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings subject to financial covenants totaled ¥108,105 million, and covenants relating to the maintenance of ordinary profit or loss and net assets remain in place. - FY2017-Q1First statedAnnual report
「Of the borrowings, ¥110,397 million, including amounts due for repayment within one year, are subject to financial covenants that could result in the loss of the benefit of time with respect to obligations under the relevant loan agreements.」
Borrowings of ¥110,397 million are subject to financial covenants, including requirements to maintain ordinary profit or loss and net assets.