Financial Covenants on the Company's Borrowings
First written in FY2020-Q3. 1 of 24 entries say "Worsened", first in FY2024-Q3. Latest entry: FY2027-H1.
22 other companies' latest entry also says "Other".
- FY2027-H1Decrease in outstanding borrowingsAnnual report
「The company has entered into a syndicated borrowing agreement with 6 relationship banks, with borrowings outstanding of ¥2,468 million at the end of the previous consolidated fiscal year and ¥666 million at the end of the current interim consolidated accounting period. The agreement contains the following financial covenants.」
Borrowings under the syndicated facility with 6 banks decreased from ¥2,468 million to ¥666 million. Financial covenants requiring the maintenance of net assets, prohibiting operating losses and limiting the interest-bearing debt ratio to no more than 5 times, among others, remain in effect. - FY2026Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,007 million; borrowings outstanding at the end of the current consolidated fiscal year: ¥2,468 million) contains the following financial covenants.」
Syndicated borrowings outstanding under the agreement with 6 banks decreased from ¥3,007 million to ¥2,468 million. Financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2026-H1Decrease in outstanding borrowingsAnnual report
「(1) The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥393 million; borrowings outstanding at the end of the interim period of the current consolidated fiscal year: ¥131 million) contains the following financial covenants. (2) The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,007 million; borrowings outstanding at the end of the interim period of the current consolidated fiscal year: ¥2,738 million) contains the following financial covenants.」
Borrowings outstanding under the 4-bank agreement decreased from ¥393 million to ¥131 million, while those under the 6-bank agreement decreased from ¥3,007 million to ¥2,738 million. The financial covenants remain in effect. - FY2025Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥917 million; borrowings outstanding at the end of the current consolidated fiscal year: ¥393 million) contains the following financial covenants.」
Borrowings outstanding under the 4-bank agreement decreased from ¥917 million to ¥393 million, while those under the 6-bank agreement also decreased from ¥3,545 million to ¥3,007 million. The covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2025-H1Decrease in outstanding borrowingsAnnual report
「(1) The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥917 million; borrowings outstanding at the end of the interim period of the current consolidated fiscal year: ¥655 million) contains the following financial covenants. (2) The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,545 million; borrowings outstanding at the end of the interim period of the current consolidated fiscal year: ¥3,276 million) contains the following financial covenants.」
Borrowings outstanding under the 4-bank agreement decreased from ¥917 million to ¥655 million, while those under the 6-bank agreement decreased from ¥3,545 million to ¥3,276 million. The covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2025-Q1Decrease in outstanding borrowingsAnnual report
「(1) The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥917 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥786 million) contains the following financial covenants. (2) The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,545 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥3,411 million) contains the following financial covenants.」
Borrowings outstanding under the 4-bank agreement decreased from ¥917 million to ¥786 million, while those under the 6-bank agreement decreased from ¥3,545 million to ¥3,411 million. The financial covenants under both agreements remain in effect. - FY2024Decrease in new borrowings outstandingAnnual report
「(2) The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the current consolidated fiscal year: ¥3,545 million) contains the following financial covenants.」
Borrowings outstanding under the new syndicated loan with 6 banks decreased from ¥3,680 million at the end of the third quarter to ¥3,545 million. Borrowings outstanding under the existing 4-bank agreement also decreased from ¥1,049 million to ¥917 million. - FY2024-Q3Additional syndicated borrowingAnnual report
「(2) The Company’s syndicated loan agreement with 6 relationship banks (borrowings outstanding at the end of the third quarter of the current consolidated fiscal year: ¥3,680 million) contains the following financial covenants.」
Borrowings outstanding under the existing syndicated loan with 4 banks decreased from ¥1,442 million to ¥1,049 million, while a new loan agreement with 6 banks was disclosed, bringing borrowings outstanding at the end of the third quarter of the current fiscal year to ¥3,680 million. Both agreements contain financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below. - FY2024-Q2Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,442 million; borrowings outstanding at the end of the second quarter of the current consolidated fiscal year: ¥1,180 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥1,442 million to ¥1,180 million. Financial covenants, including maintaining net assets, not recording an operating loss and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2024-Q1Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,442 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥1,311 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥1,442 million to ¥1,311 million. Financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect and were not breached as of the end of the quarter. - FY2023Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,966 million; borrowings outstanding at the end of the current consolidated fiscal year: ¥1,442 million) contains the following financial covenants.」
The Company’s syndicated borrowings outstanding decreased from ¥1,966 million to ¥1,442 million. Financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2023-Q3Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,966 million; borrowings outstanding at the end of the third quarter of the current consolidated fiscal year: ¥1,573 million) contains the following financial covenants.」
The Company’s syndicated borrowings outstanding decreased from ¥1,966 million to ¥1,573 million. The covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2023-Q2Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,966 million; borrowings outstanding at the end of the second quarter of the current consolidated fiscal year: ¥1,704 million) contains the following financial covenants.」
The Company’s syndicated borrowings outstanding decreased from ¥1,966 million to ¥1,704 million. The covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2023-Q1Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥1,966 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥1,835 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥1,966 million to ¥1,835 million. The covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2022Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥2,491 million; borrowings outstanding at the end of the current consolidated fiscal year: ¥1,966 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥2,491 million to ¥1,966 million, while the covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2022-Q3Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥2,491 million; borrowings outstanding at the end of the third quarter of the current consolidated fiscal year: ¥2,097 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥2,491 million at the end of the previous consolidated fiscal year to ¥2,097 million. Financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2022-Q2Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥2,491 million; borrowings outstanding at the end of the second quarter of the current consolidated fiscal year: ¥2,228 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥2,491 million to ¥2,228 million. Financial covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2022-Q1Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥2,491 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥2,360 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥2,491 million to ¥2,360 million, while the covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2021Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,015.5 million; borrowings outstanding at the end of the current consolidated fiscal year: ¥2,491.1 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥3,015.5 million to ¥2,491.1 million, while the covenants, including maintaining net assets, prohibiting operating losses and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2021-Q3Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,015.5 million; borrowings outstanding at the end of the third quarter of the current consolidated fiscal year: ¥2,536.479 million) contains the following financial covenants.」
The Company’s syndicated borrowings outstanding decreased from ¥3,015.5 million to ¥2,536.479 million. The covenants, including maintaining net assets, not recording an operating loss and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2021-Q2Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,015.5 million; borrowings outstanding at the end of the second quarter of the current consolidated fiscal year: ¥2,753.3 million) contains the following financial covenants.」
Syndicated borrowings outstanding decreased from ¥3,015.5 million to ¥2,753.3 million. Financial covenants, including maintaining net assets, not recording an operating loss and keeping the interest-bearing debt ratio at 5x or below, remain in effect. - FY2021-Q1Decrease in outstanding borrowingsAnnual report
「The Company’s syndicated loan agreement with 4 relationship banks (borrowings outstanding at the end of the previous consolidated fiscal year: ¥3,015.5 million; borrowings outstanding at the end of the first quarter of the current consolidated fiscal year: ¥2,884.4 million) contains the following financial covenants.」
The Company’s syndicated borrowings outstanding decreased from ¥3,015.5 million to ¥2,884.4 million. The financial covenants remain in effect. - FY2020Decrease in outstanding borrowingsAnnual report
「The syndicated loan agreement with 4 of our banks (borrowing balance: ¥3,539.9 million at the end of the previous fiscal year and ¥3,015.5 million at the end of the current fiscal year) contains the following financial covenants.」
Our syndicated borrowing balance decreased from ¥3,539.9 million to ¥3,015.5 million. The covenants requiring net assets of at least 75%, no operating loss, and an interest-bearing debt ratio of no more than 5 times, among others, remain in effect. - FY2020-Q3First statedAnnual report
「The syndicated loan agreement with 4 of our banks (borrowing balance: ¥3,539.9 million at the end of the previous fiscal year and ¥3,146.6 million at the end of the third quarter of the current fiscal year) contains the following financial covenants.」
The disclosed financial covenants on our syndicated borrowings require maintaining net assets at or above 75% of the reference amount, not recording an operating loss, and keeping the ratio of interest-bearing debt and other liabilities at no more than 5 times and above zero.