Financial covenants under a committed credit line
First written in FY2024-Q2. 1 of 3 entries say "Restated". Latest entry: FY2024.
16 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The agreement was terminated through refinancing as of 31 January 2024, and overdraft agreements were newly entered into with 5 transaction banks.」
As the former loan commitment line agreement subject to the financial covenants was terminated, the disclosure of the covenants attached to that agreement has come to an end. - FY2024-Q3RestatedAnnual report
「① Ensure that net assets in the net assets section of the non-consolidated balance sheet at the end of each fiscal year do not become negative. ② Ensure that operating income or loss reported in the non-consolidated income statement at the end of each fiscal year does not result in a loss for 2 consecutive fiscal years.」
The financial covenants attached to the loan commitment line are reproduced with the same terms. - FY2024-Q2First statedAnnual report
「① Ensure that net assets in the net assets section of the non-consolidated balance sheet at the end of each fiscal year do not become negative. ② Ensure that operating income or loss reported in the non-consolidated income statement at the end of each fiscal year does not result in a loss for 2 consecutive fiscal years.」
The loan commitment line is subject to financial covenants requiring that net assets not become negative and that operating income or loss not be a loss for 2 consecutive fiscal years. No covenant breach is reported.