Risk of Loss of Benefit of Time and Additional Collateral Requirements from Breaching Financial Covenants
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2026.
39 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The loan agreements listed in the table below contain financial covenants. If these covenants are breached, the Group may be required to repay the relevant borrowings or provide new collateral, which could affect its financial condition and operating results.」
The filing continues to describe the financial covenants and the risk of loss of the benefit of time, repayment, or providing collateral in the event of a breach. The outstanding balances of the relevant borrowings were ¥967 million from Resona Bank and ¥716 million from Mizuho Bank, both down from the previous fiscal year. - FY2021RestatedAnnual report
「The loan agreements listed in the table below contain financial covenants. If these covenants are breached, the Group may be required to repay the relevant borrowings or provide new collateral, which could affect its financial condition and operating results.」
The filing continues to describe the financial covenants attached to multiple loan agreements and the risk of loss of the benefit of time, repayment, or providing collateral in the event of a breach. - FY2019First statedAnnual report
「The loan agreements listed in the table below contain financial covenants. If these covenants are breached, the Company may be required to repay the relevant borrowings or provide new collateral, which could affect its financial condition and operating results.」
It explicitly states that multiple loan agreements contain financial covenants, including requirements to maintain net assets, meet earnings conditions, and keep reliance on borrowings at 70% or below, and describes the risk of repayment or providing collateral in the event of a breach.