Financial covenants attached to あしたのチーム's commitment line
First written in FY2019-Q3. 6 of 23 entries say "Restated". Latest entry: FY2026.
17 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「株式会社あしたのチーム, which was a consolidated subsidiary in the previous fiscal year, and its subsidiaries 明日之團股份有限公司, 明日之団（上海）人力資源管理有限公司, and Tomorrow's Team Singapore Pte.Ltd were excluded from the scope of consolidation following the sale of their shares.」
The financial covenant risk associated with あしたのチーム's commitment line and loan agreements is no longer disclosed in this report following the sale of its shares and its exclusion from the scope of consolidation. - FY2026-H1Decrease in borrowing balance and continued breach of financial covenantsAnnual report
「The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥239 million at the end of the previous fiscal year and ¥170 million at the end of the interim period of the current fiscal year) contains the following financial covenants. During the interim period of the current fiscal year, the company was in breach of some of the financial covenants, but has obtained the lending financial institution's agreement that the right to accelerate the loan will not be exercised.」
あしたのチーム's borrowing balance decreased from ¥239 million to ¥170 million, but the breach of some of the financial covenants and the agreement with the financial institution not to exercise the right to accelerate the loan continue. - FY2025Decrease in borrowing balance and continued breach of financial covenantsAnnual report
「At the end of the current fiscal year, the company was in breach of some of the financial covenants, and is discussing with the lending financial institution an agreement that the right to accelerate the loan will not be exercised.」
あしたのチーム's borrowing balance decreased from ¥392 million at the end of the previous fiscal year to ¥239 million, but its breach of some of the financial covenants relating to operating profit, net assets, and bank deposits, as well as discussions with the financial institution, continue. - FY2025-H1RestatedAnnual report
「During the interim period of the current fiscal year, the company was in breach of some of the financial covenants, but has obtained the lending financial institution's agreement that the right to accelerate the loan will not be exercised.」
The company continues to disclose あしたのチーム's breach of some of the financial covenants and has obtained the financial institution's agreement that the right to accelerate the loan will not be exercised. The borrowing balance decreased from ¥392 million to ¥315 million. - FY2025-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, the company was in breach of some of the financial covenants, but has obtained the lending financial institution's agreement that the right to accelerate the loan will not be exercised.」
あしたのチーム's breach of some of the financial covenants relating to operating profit, net assets, and bank deposits was also disclosed for the current quarter, and the company obtained the financial institution's agreement that the right to accelerate the loan will not be exercised. The borrowing balance decreased from ¥392 million to ¥354 million. - FY2024MaterialisedAnnual report
「At the end of the current fiscal year, the company was in breach of some of the financial covenants, and is discussing with the lending financial institution an agreement that the right to accelerate the loan will not be exercised.」
あしたのチーム was in breach of some of the financial covenants relating to operating profit, net assets, and bank deposits, and is discussing with the financial institution an agreement that the right to accelerate the loan will not be exercised. The borrowing balance is ¥392 million. - FY2024-Q3Decrease in outstanding borrowingsAnnual report
「The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥431 million at the end of the third quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing balance decreased from ¥469 million at the end of August 2023 to ¥431 million. The company continues to disclose conditions of operating profit of at least ¥317 million, net assets of at least negative ¥1,938 million, and bank deposits of at least 15% from the fiscal year ending February 2024 onward. - FY2024-Q2Increase in borrowing balance and changes to financial covenantsAnnual report
「The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥469 million at the end of the second quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing balance increased from ¥275 million at the end of the previous fiscal year to ¥469 million. The disclosed conditions were operating profit of at least ¥317 million from the fiscal year ending February 2024 onward, net assets of at least negative ¥1,938 million, and bank deposits at each quarter-end of at least 15%. - FY2023MitigatedAnnual report
「The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥275 million at the end of the previous fiscal year and ¥215 million at the end of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing balance decreased from ¥275 million to ¥215 million, and the company states that it was not in breach of the financial covenants at the end of the current fiscal year. - FY2023-Q3Decrease in outstanding borrowingsAnnual report
「The commitment line agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥275 million at the end of the previous fiscal year and ¥230 million at the end of the third quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing under the commitment line decreased from ¥275 million to ¥230 million. The ordinary profit or loss maintenance requirements of ¥166 million for the fiscal year ended February 2022 and ¥297 million for the fiscal year ended February 2023 remain in effect. - FY2023-Q2Decrease in outstanding borrowingsAnnual report
「The commitment line agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥275 million at the end of the previous fiscal year and ¥245 million at the end of the second quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing under the commitment line decreased from ¥275 million to ¥245 million. The company continues to disclose ordinary profit or loss maintenance requirements of ¥166 million for the fiscal year ended February 2022 and ¥297 million for the fiscal year ended February 2023. - FY2023-Q1Decrease in outstanding borrowingsAnnual report
「The commitment line agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥275 million at the end of the previous fiscal year and ¥260 million at the end of the first quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing under the commitment line decreased from ¥275 million to ¥260 million, and the company continues to disclose ordinary profit or loss maintenance requirements of ¥166 million for the fiscal year ended February 2022 and ¥297 million for the fiscal year ended February 2023. - FY2022Decrease in borrowing under the new agreementAnnual report
「The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥275 million at the end of the current fiscal year) contains the following financial covenants.」
The loan agreement entered into after the previous commitment line agreement ended remains in place, and the borrowing balance decreased from ¥290 million to ¥275 million. The company continues to disclose ordinary profit or loss maintenance requirements of ¥166 million for the fiscal year ended February 2022 and ¥297 million for the fiscal year ended February 2023. - FY2022-Q3ReframedAnnual report
「The commitment line agreement ended during the third quarter of the current fiscal year, and a new loan agreement described in (3) below was entered into. The loan agreement entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥290 million at the end of the third quarter of the current fiscal year) contains the following financial covenants. Ordinary profit or loss: ¥166 million for the fiscal year ended February 2022 and ¥297 million for the fiscal year ended February 2023.」
The previous commitment line agreement ended and was changed to a loan agreement with a borrowing balance of ¥290 million. Under the new agreement, the ordinary profit or loss maintenance requirements were set at ¥166 million and ¥297 million for the fiscal years ended February 2022 and February 2023, respectively. - FY2021MaterialisedAnnual report
「At the end of the current fiscal year, 株式会社あしたのチーム was in breach of the financial covenants in (2)(a) and (b) above, but has reached an agreement that the right to accelerate the loan will not be exercised.」
あしたのチーム was in breach of the financial covenants requiring the maintenance of net assets and prohibiting ordinary losses for 2 consecutive periods. It has, however, reached an agreement that the right to accelerate the loan will not be exercised. - FY2021-Q3Decrease in outstanding borrowingsAnnual report
「The loan agreement under the commitment line entered into by our consolidated subsidiary 株式会社あしたのチーム with 1 of its banks (borrowing balance: ¥600 million at the end of the previous fiscal year and ¥300 million at the end of the third quarter of the current fiscal year) contains the following financial covenants.」
あしたのチーム's borrowing under the commitment line decreased from ¥600 million to ¥300 million. The financial covenants requiring net assets of at least 75% and prohibiting ordinary losses for 2 consecutive periods remain in effect. - FY2021-Q1RestatedAnnual report
「The loan agreement under the commitment line entered into by our consolidated subsidiary 株式会社あしたのチーム with 3 of its banks (borrowing balance: ¥600 million at the end of the previous fiscal year and ¥600 million at the end of the first quarter of the current fiscal year) contains the following financial covenants.」
The company continues to disclose a ¥600 million borrowing balance for あしたのチーム, together with financial covenants requiring the maintenance of net assets and prohibiting ordinary losses for 2 consecutive periods. - FY2020RestatedAnnual report
「The Company's subsidiary 株式会社あしたのチーム has a commitment line agreement with 3 transaction banks. The agreement is subject to the following financial covenants; borrowings outstanding were ¥700.000 million at the end of the previous consolidated fiscal year and ¥600.000 million at the end of the current consolidated fiscal year.」
Borrowings outstanding declined from ¥700 million to ¥600 million, while the conditions requiring net assets to be maintained at 75% of the reference amount, or at no less than 100% of the amount at the end of the previous fiscal year for the fiscal year ending February 2020, and prohibiting ordinary losses for 2 consecutive fiscal years continue to be disclosed. - FY2020-Q3Lower borrowings outstanding; some tightening of the net asset maintenance thresholdAnnual report
「The Company's subsidiary あしたのチーム has a syndicated commitment line agreement with 3 transaction banks. The agreement is subject to the following financial covenants; borrowings outstanding were ¥700.000 million at the end of the previous consolidated fiscal year and ¥600.000 million at the end of the third quarter of the current consolidated fiscal year. However, for the fiscal year ending February 2020, net assets must be maintained at no less than 100% of the amount of net assets on the borrower's balance sheet as of the end of the fiscal year ended February 2019.」
Borrowings outstanding declined from ¥700 million to ¥600 million, while the condition was expressly stated that net assets must be maintained at no less than 100% of the amount at the end of the fiscal year ending February 2019 for the fiscal year ending February 2020. - FY2020-Q2RestatedAnnual report
「The Company's subsidiary あしたのチーム entered into a syndicated commitment line agreement with 4 transaction banks dated 25 September 2018. The agreement is subject to the following financial covenants; borrowings outstanding were ¥700.000 million as of 31 August 2019.」
The financial covenants disclosed for あしたのチーム's commitment line require it to maintain borrowings outstanding of ¥700 million, maintain net assets at no less than 75% of the reference amount and not record ordinary losses for 2 consecutive fiscal years. - FY2020-Q1RestatedAnnual report
「The Company's subsidiary あしたのチーム entered into a syndicated commitment line agreement with 4 transaction banks dated 25 September 2018. The agreement is subject to the following financial covenants; borrowings outstanding were ¥700.000 million as of 31 May 2019.」
The financial covenants disclosed for あしたのチーム's ¥700 million commitment line require it to maintain net assets at no less than 75% of the reference amount and not record ordinary losses for 2 consecutive fiscal years. - FY2019RestatedAnnual report
「The consolidated subsidiary あしたのチーム entered into a syndicated commitment line agreement with 4 transaction banks on 25 September 2018. The agreement is subject to the following financial covenants; borrowings outstanding were ¥700.000 million as of 28 February 2019.」
The financial covenants attached to あしたのチーム's commitment line continue to be disclosed: maintaining net assets at no less than 75% of the reference amount and not recording ordinary losses for 2 consecutive fiscal years. - FY2019-Q3First statedAnnual report
「Maintain, as of the end of each fiscal year, the amount of net assets on the borrower's balance sheet at or above 75% of the higher of the amount of net assets on the borrower's balance sheet as of the end of the immediately preceding fiscal year or as of the end of the fiscal year ended March 2018. With respect to ordinary profit or loss on the borrower's income statement for each fiscal year, the borrower must not record losses for 2 consecutive fiscal years.」
The financial covenants disclosed for the syndicated commitment line agreement entered into by あしたのチーム on 25 September 2018 require it to maintain net assets at no less than 75% of the reference amount and not record ordinary losses for 2 consecutive fiscal years.