Komori
Asaka Riken (5724) · RiskWorsened

Financial Covenants in Syndicated Loans

First written in FY2016-Q3. 29 of 35 entries say "Mitigated", first in FY2016. Latest entry: FY2026-H1.

35entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018-Q1 – FY20242016: 220162017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 1
Same theme, other companies
Risk of Loss of Benefit of Time Due to Breach of Financial CovenantsA theme 291 companies write about · 295 as a headwind · 0 as a tailwind

Asaka Riken moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).

17 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 196 companies compared. The sentences above are computed from all 196.Comparing 200 of the theme's 297 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): Previous consolidated fiscal year (30 September 2025) Short-term borrowings: ¥44.044 million Long-term borrowings: ¥4,047.496 million Total: ¥4,091.540 million Interim consolidated accounting period (31 March 2026) Short-term borrowings: ¥44.044 million Long-term borrowings: ¥6,125.474 million Total: ¥6,169.518 million」

    Borrowing balances subject to financial covenants increased from ¥4,091.540 million at the end of the previous fiscal year to ¥6,169.518 million. The company explained that this level does not present a problem under the financial covenants.
  2. FY2025WorsenedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): Previous consolidated fiscal year (30 September 2024): short-term borrowings ¥44.044 million, long-term borrowings ¥191.540 million, total ¥235.584 million Current consolidated fiscal year (30 September 2025): short-term borrowings ¥44.044 million, long-term borrowings ¥4,047.496 million, total ¥4,091.540 million」

    Borrowing balances subject to financial covenants increased substantially from ¥235.584 million at the end of the previous fiscal year to ¥4,091.540 million.
  3. FY2025-H1WorsenedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): Previous consolidated fiscal year (30 September 2024) Short-term borrowings: ¥44.044 million Long-term borrowings: ¥191.540 million Total: ¥235.584 million Interim consolidated accounting period (31 March 2025) Short-term borrowings: ¥44.044 million Long-term borrowings: ¥1,969.518 million Total: ¥2,013.562 million」

    Borrowing balances subject to financial covenants increased substantially from ¥235.584 million at the end of the previous fiscal year to ¥2,013.562 million.
  4. FY2024MitigatedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): Previous consolidated fiscal year (30 September 2023): short-term borrowings ¥44.044 million, long-term borrowings ¥235.584 million, total ¥279.628 million Current consolidated fiscal year (30 September 2024): short-term borrowings ¥44.044 million, long-term borrowings ¥191.540 million, total ¥235.584 million」

    Borrowing balances subject to financial covenants decreased from ¥279.628 million at the end of the previous fiscal year to ¥235.584 million.
  5. FY2024-Q2MitigatedAnnual report

    「| | Previous consolidated fiscal year-end | First-quarter consolidated accounting period | |---|---:|---:| | Short-term borrowings | ¥44.044 million | ¥44.044 million | | Long-term borrowings | ¥235.584 million | ¥213.562 million | | Total | ¥279.628 million | ¥257.606 million |」

    Borrowing balances subject to financial covenants decreased from ¥279.628 million at the end of the previous consolidated fiscal year to ¥257.606 million.
  6. FY2024-Q1MitigatedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): | | Previous consolidated fiscal year (30 September 2023) | First-quarter consolidated accounting period (31 December 2023) | |---|---:|---:| | Short-term borrowings | ¥44.044 million | ¥44.044 million | | Long-term borrowings | ¥235.584 million | ¥224.573 million | | Total | ¥279.628 million | ¥268.617 million |」

    Borrowing balances subject to financial covenants decreased from ¥279.628 million at the end of the previous fiscal year to ¥268.617 million.
  7. FY2023MitigatedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): Previous consolidated fiscal year (30 September 2022): short-term borrowings ¥44.044 million, long-term borrowings ¥279.628 million, total ¥323.673 million Current consolidated fiscal year (30 September 2023): short-term borrowings ¥44.044 million, long-term borrowings ¥235.584 million, total ¥279.628 million」

    Borrowing balances subject to financial covenants decreased from ¥323.673 million at the end of the previous fiscal year to ¥279.628 million.
  8. FY2023-Q3MitigatedAnnual report

    「| | Previous consolidated fiscal year-end | Second-quarter consolidated accounting period | |---|---:|---:| | Short-term borrowings | ¥44.044 million | ¥44.044 million | | Long-term borrowings | ¥279.628 million | ¥246.595 million | | Total | ¥323.673 million | ¥290.640 million |」

    Borrowing balances subject to financial covenants decreased from ¥323.673 million at the end of the previous consolidated fiscal year to ¥290.640 million.
  9. FY2023-Q2MitigatedAnnual report

    「Borrowing balances subject to financial covenants were as follows (¥ million): | | Previous consolidated fiscal year (30 September 2022) | Second-quarter consolidated accounting period (31 March 2023) | |---|---:|---:| | Short-term borrowings | ¥44.044 million | ¥44.044 million | | Long-term borrowings | ¥279.628 million | ¥257.606 million | | Total | ¥323.673 million | ¥301.651 million |」

    Borrowing balances subject to financial covenants decreased from ¥323.673 million at the end of the previous consolidated fiscal year to ¥301.651 million.
  10. FY2023-Q1MitigatedAnnual report

    「Short-term borrowings ¥44.044 million ¥44.044 million Long-term borrowings ¥279.628 million ¥268.617 million Total ¥323.673 million ¥312.662 million」

    The balance of borrowings subject to the financial covenants decreased from ¥323.673 million at the end of the previous consolidated fiscal year to ¥312.662 million.
  11. FY2022MitigatedAnnual report

    「Short-term borrowings ¥44.044 million ¥44.044 million Long-term borrowings ¥323.673 million ¥279.628 million Total ¥367.717 million ¥323.673 million」

    The balance of borrowings subject to the financial covenants decreased from ¥367.717 million at the end of the previous fiscal year to ¥323.673 million. It was explained that the financial position was at a level posing no issue under the financial covenants.
  12. FY2022-Q3MitigatedAnnual report

    「Short-term borrowings ¥44.044 million ¥44.044 million Long-term borrowings ¥323.673 million ¥290.640 million Total ¥367.717 million ¥334.684 million」

    The balance of borrowings subject to the financial covenants decreased from ¥367.717 million at the end of the previous consolidated fiscal year to ¥334.684 million.
  13. FY2022-Q2MitigatedAnnual report

    「Short-term borrowings ¥44.044 million ¥44.044 million Long-term borrowings ¥323.673 million ¥301.651 million Total ¥367.717 million ¥345.695 million」

    The balance of borrowings subject to the financial covenants decreased from ¥367.717 million at the end of the previous consolidated fiscal year to ¥345.695 million.
  14. FY2022-Q1MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2021), first quarter of the current consolidated fiscal period (31 December 2021), short-term borrowings ¥44.044 million and ¥44.044 million, long-term borrowings ¥323.673 million and ¥312.662 million, total ¥367.717 million and ¥356.706 million, respectively.」

    The balance of borrowings subject to the financial covenants decreased from ¥367.717 million at the end of the previous consolidated fiscal year to ¥356.706 million.
  15. FY2021-Q3MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2020) Short-term borrowings ¥44.044 million Long-term borrowings ¥367.717 million Total ¥411.761 million Third quarter of the current consolidated fiscal period (30 June 2021) Short-term borrowings ¥44.044 million Long-term borrowings ¥334.684 million Total ¥378.728 million」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥411.761 million to ¥378.728 million.
  16. FY2021-Q2MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2020), short-term borrowings ¥44.044 million, long-term borrowings ¥367.717 million, total ¥411.761 million; second quarter of the current consolidated fiscal period (31 March 2021), short-term borrowings ¥44.044 million, long-term borrowings ¥345.695 million, total ¥389.739 million.」

    The balance of borrowings subject to the financial covenants decreased from ¥411.761 million to ¥389.739 million.
  17. FY2021-Q1MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2020), total ¥411.761 million; first quarter of the current consolidated fiscal period (31 December 2020), total ¥400.750 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥411.761 million to ¥400.750 million.
  18. FY2020MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2019), total ¥455.805 million; current consolidated fiscal year (30 September 2020), total ¥411.761 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥455.805 million to ¥411.761 million. It was also stated that the financial position was at a level posing no issue under the financial covenants.
  19. FY2020-Q3MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2019) Short-term borrowings ¥44.044 million Long-term borrowings ¥411.761 million Total ¥455.805 million Third quarter of the current consolidated fiscal period (30 June 2020) Short-term borrowings ¥44.044 million Long-term borrowings ¥378.728 million Total ¥422.772 million」

    The balance of borrowings subject to the financial covenants decreased from ¥455.805 million at the end of the previous consolidated fiscal year to ¥422.772 million.
  20. FY2020-Q2MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2019), total ¥455.805 million; second quarter of the current consolidated fiscal period (31 March 2020), total ¥433.783 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥455.805 million to ¥433.783 million.
  21. FY2020-Q1MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2019), short-term borrowings ¥44.044 million, long-term borrowings ¥411.761 million, total ¥455.805 million; first quarter of the current consolidated fiscal period (31 December 2019), short-term borrowings ¥44.044 million, long-term borrowings ¥400.750 million, total ¥444.794 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥455.805 million to ¥444.794 million.
  22. FY2019MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2018), total ¥491.363 million; current consolidated fiscal year (30 September 2019), total ¥455.805 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥491.363 million to ¥455.805 million.
  23. FY2019-Q3MitigatedAnnual report

    「Previous consolidated fiscal year (30 September 2018) Short-term borrowings ¥35.557 million Long-term borrowings ¥455.805 million Total ¥491.363 million Third quarter of the current consolidated fiscal period (30 June 2019) Short-term borrowings ¥44.044 million Long-term borrowings ¥422.772 million Total ¥466.816 million」

    The balance of borrowings subject to the financial covenants decreased from ¥491.363 million at the end of the previous consolidated fiscal year to ¥466.816 million.
  24. FY2019-Q2MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2018) Short-term borrowings ¥35.557 million Long-term borrowings ¥455.805 million Total ¥491.363 million Second quarter of the current consolidated fiscal period (31 March 2019) Short-term borrowings ¥44.044 million Long-term borrowings ¥433.783 million Total ¥477.828 million」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥491.363 million at the end of the previous fiscal year to ¥477.828 million.
  25. FY2019-Q1MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2018), total ¥491.363 million; first quarter of the current consolidated fiscal period (31 December 2018), total ¥484.595 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥491.363 million to ¥484.595 million.
  26. FY2018MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2017), short-term borrowings ¥27.070 million, long-term borrowings ¥491.363 million, total ¥518.434 million; current consolidated fiscal year (30 September 2018), short-term borrowings ¥35.557 million, long-term borrowings ¥455.805 million, total ¥491.363 million.」

    The balance of borrowings subject to the financial covenants decreased from ¥518.434 million at the end of the previous fiscal year to ¥491.363 million.
  27. FY2018-Q3MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2017), total ¥518.434 million; third quarter of the current consolidated fiscal period (30 June 2018), total ¥498.131 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥518.434 million at the end of the previous fiscal year to ¥498.131 million.
  28. FY2018-Q2MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2017) Short-term borrowings ¥27.070 million Long-term borrowings ¥491.363 million Total ¥518.434 million Second quarter of the current consolidated fiscal period (31 March 2018) Short-term borrowings ¥27.070 million Long-term borrowings ¥477.828 million Total ¥504.898 million」

    The balance of borrowings subject to the financial covenants decreased from ¥518.434 million at the end of the previous fiscal year to ¥504.898 million. The financial covenants themselves remain in place.
  29. FY2018-Q1MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2017) Total ¥518.434 million First quarter of the current consolidated fiscal period (31 December 2017) Total ¥511.666 million」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥518.434 million at the end of the previous fiscal year to ¥511.666 million.
  30. FY2017WorsenedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2016), short-term borrowings ¥30.227 million, long-term borrowings ¥332.507 million, total ¥362.734 million; current consolidated fiscal year (30 September 2017), short-term borrowings ¥27.070 million, long-term borrowings ¥491.363 million, total ¥518.434 million.」

    The balance of borrowings subject to the financial covenants increased from ¥362.734 million at the end of the previous fiscal year to ¥518.434 million.
  31. FY2017-Q3MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2016) Short-term borrowings ¥30.227 million Long-term borrowings ¥332.507 million Total ¥362.734 million Third quarter of the current consolidated fiscal period (30 June 2017) Short-term borrowings ¥30.227 million Long-term borrowings ¥530.493 million Total ¥560.720 million」

    The financial covenants remain in place. The balance of borrowings subject to them exceeds the ¥362.734 million at the end of the previous consolidated fiscal year, but has decreased from ¥997.620 million at the end of the previous quarter.
  32. FY2017-Q2WorsenedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows. Previous consolidated fiscal year (30 September 2016) Short-term borrowings ¥30.227 million Long-term borrowings ¥332.507 million Total ¥362.734 million Second quarter of the current consolidated fiscal period (31 March 2017) Short-term borrowings ¥459.570 million Long-term borrowings ¥538.050 million Total ¥997.620 million」

    The balance of borrowings subject to the financial covenants increased from ¥362.734 million at the end of the previous consolidated fiscal year to ¥997.620 million.
  33. FY2017-Q1MitigatedAnnual report

    「Of the borrowings outstanding at the end of the first quarter of the current consolidated fiscal period, the syndicated loan agreement contains financial covenants requiring net assets and ordinary income to remain above specified amounts.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥362.734 million at the end of the previous consolidated fiscal year to ¥355.177 million at the end of the current first quarter.
  34. FY2016MitigatedAnnual report

    「The balances of borrowings subject to the financial covenants were as follows: previous consolidated fiscal year (30 September 2015), ¥467.453 million; current consolidated fiscal year (30 September 2016), ¥362.734 million.」

    The financial covenants remain in place, while the balance of borrowings subject to them decreased from ¥467.453 million to ¥362.734 million.
  35. FY2016-Q3First statedAnnual report

    「Of the borrowings outstanding at the end of the third quarter of the current consolidated fiscal period, the syndicated loan agreement contains financial covenants requiring net assets and ordinary income to remain above specified amounts.」

    The balance of borrowings subject to the financial covenants was stated as ¥405.745 million in total.
Moved together

"High Levels of Interest-Bearing Debt and Interest Rate Fluctuations" moved the same way as this thread, in the same document, in 18 of its 35 moves.

181513131210★123456
  1. ★This thread
  2. 1High Levels of Interest-Bearing Debt and Interest Rate Fluctuations18×
  3. 2Commercialization of the Rare Metal and Rare Earth Recycling Business at the Iwaki Plant15×
  4. 3Accelerating the Creation of New Businesses and Expansion into New Markets, Including Overseas Markets13×
  5. 4Exposure to Exchange Rate Fluctuations13×
  6. 5Renewal of Production Equipment and Strengthening of Production Capacity12×
  7. 6Weak demand for printed circuit boards and declining copper prices10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Financial Covenants in Syndicated Loans | Asaka Riken Co.,Ltd. (5724) | Komori