Financial Covenants Attached to Borrowing Agreements
First written in FY2023-Q1. 6 of 9 entries say "Restated". Latest entry: FY2026-H1.
22 other companies' latest entry also says "Other".
- FY2026-H1Execution and updates to financial covenantsAnnual report
「(1) Maintain standalone equity on the balance sheet at no less than 80% of equity for the fiscal year ended November 2024. (2) Standalone ordinary income must not be negative for 2 consecutive fiscal years. (3) Net interest-bearing debt on the standalone balance sheet must not exceed merchandise inventory.」
For multiple new and renewed borrowing agreements subject to financial covenants, the company discloses the balances, maturities, collateral, and covenants concerning the maintenance of net assets and equity and the avoidance of losses, among other matters. No covenant breach is reported. - FY2025Updates to the scope and terms of financial covenantsAnnual report
「(3) Net interest-bearing debt on the standalone balance sheet must not exceed merchandise inventory.」
The balance and scope of borrowing agreements subject to financial covenants have been updated, and a covenant requiring net interest-bearing debt to be maintained at no more than merchandise inventory has been disclosed in addition to covenants on maintaining equity and avoiding losses. No covenant breach is reported. - FY2025-H1RestatedAnnual report
「Some of the agreements contain financial covenants based on certain indicators and other criteria.」
The company continues to disclose that some overdraft and lending commitment agreements contain financial covenants. No covenant breach is reported. - FY2024-Q2RestatedAnnual report
「Some of the agreements contain financial covenants based on certain indicators and other criteria.」
The company continues to disclose that some overdraft and lending commitment agreements contain financial covenants. No covenant breach is reported. - FY2024-Q1RestatedAnnual report
「Some of the agreements contain financial covenants based on certain indicators and other criteria.」
The company continues to disclose that some overdraft and lending commitment agreements contain financial covenants. No covenant breach is reported. - FY2023RestatedAnnual report
「The company’s borrowings, with an outstanding balance of ¥374.9 million, are subject to the following financial covenants: (1) Maintain consolidated net assets on the balance sheet at no less than 75% of the net assets for the fiscal year ended November 2022. (2) Consolidated operating income must not be negative for 2 consecutive fiscal years.」
Specific financial covenants concerning the maintenance of net assets and avoidance of losses, among other matters, are disclosed for multiple borrowing agreements. No covenant breach is reported. - FY2023-Q3RestatedAnnual report
「(1) Maintain consolidated and standalone net assets of Home Net Co., Ltd. at no less than 75% of the prior fiscal year-end level. (2) Consolidated and standalone operating income must not be negative for 2 consecutive fiscal years.」
The disclosure covers financial covenants in newly executed borrowing agreements to finance the acquisition of properties held for sale, requiring the maintenance of net assets and avoidance of losses for 2 consecutive fiscal years. No covenant breach is reported. - FY2023-Q2RestatedAnnual report
「Some of the agreements contain financial covenants based on certain indicators and other criteria.」
The company continues to disclose that some overdraft and lending commitment agreements contain financial covenants. - FY2023-Q1First statedAnnual report
「Some of the agreements contain financial covenants based on certain indicators and other criteria.」
The disclosure states that some overdraft and lending commitment agreements contain financial covenants.