Financial Covenants under the Commitment Line
First written in FY2023-Q1. 1 of 5 entries say "Restated". Latest entry: FY2025.
20 other companies' latest entry also says "Other".
- FY2025Syndicated loan drawdown and financial covenants disclosedAnnual report
「Borrowings at the end of the fiscal year were under the syndicated loan agreement the company entered into with its transaction banks on 26 July 2024, with a total commitment of ¥4,000 million.」
For the syndicated loan entered into after the former commitment line ended, the company disclosed a total commitment of ¥4.0 billion, an outstanding balance of ¥3.6 billion at fiscal year-end, and financial covenants concerning net asset maintenance and ordinary income or loss. - FY2025-H1ReframedAnnual report
「At a meeting of the Board of Directors held on 25 June 2024, the company resolved to enter into a syndicated loan agreement and executed the agreement on 26 July 2024.」
After the former commitment line ended, financial covenants were attached to a new syndicated loan agreement, setting requirements for maintaining net assets and ordinary income or loss. - FY2024-Q3DroppedAnnual report
「The company had entered into a commitment line agreement with its transaction banks on 11 November 2021, but the agreement ended upon expiry during the third quarter of the current consolidated fiscal year.」
Following the termination of the commitment line agreement, the financial covenants attached to that agreement no longer applied. - FY2023-Q3RestatedAnnual report
「The agreement contains the following financial covenants: 1. As of the end of the fiscal year ending March 2022 and the end of each subsequent fiscal year, the amount obtained by deducting the total of stock acquisition rights, deferred hedge gains or losses and non-controlling interests from total net assets on the consolidated balance sheet must be maintained at 75% or more of the amount for the previous fiscal year. 2. Ordinary income or loss reported in the consolidated income statement as of the end of the fiscal year ending March 2022 and the end of each subsequent fiscal year must not be a loss.」
The company continued to disclose, as financial covenants under the commitment line agreement, requirements to maintain net assets at 75% or more of the previous fiscal year's level and not incur an ordinary loss. - FY2023-Q1First statedAnnual report
「The agreement contains the following financial covenants: (1) As of the end of the fiscal year ending March 2022 and the end of each subsequent fiscal year, the amount obtained by deducting the total of stock acquisition rights, deferred hedge gains or losses and non-controlling interests from total net assets on the consolidated balance sheet must be maintained at 75% or more of the amount for the previous fiscal year. (2) Ordinary income or loss reported in the consolidated income statement as of the end of the fiscal year ending March 2022 and the end of each subsequent fiscal year must not be a loss.」
For the ¥2,000 million commitment line agreement, the company disclosed financial covenants requiring net assets to be maintained at 75% or more of the previous fiscal year's level and prohibiting an ordinary loss.