Financial maintenance requirements under syndicated loans
First written in FY2017-Q1. 4 of 33 entries say "Restated". Latest entry: FY2027-H1.
22 other companies' latest entry also says "Other".
- FY2027-H1Interim-period-end borrowing balance updateAnnual report
「The commitment line agreement and the company's term loan agreement described above, which had balances of ¥357 million in long-term borrowings due for repayment within one year at the end of the previous consolidated fiscal year and ¥105 million at the end of the current interim consolidated accounting period, contain financial covenants. If the company breaches any of the following covenants, it may lose the benefit of time with respect to all obligations under the agreements.」
The financial maintenance requirements remained unchanged, while long-term borrowings due for repayment within one year decreased from ¥357 million to ¥105 million. - FY2026-H1Refinancing agreement renewalAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥629 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the current interim consolidated fiscal period: ¥287 million in long-term borrowings and ¥552 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable. (1) As of the end of each fiscal year, maintain the amount of the borrower's net assets in the consolidated and non-consolidated balance sheets at no less than 75% of the corresponding amount as of the end of the immediately preceding fiscal year. (2) With respect to ordinary profit or loss in the consolidated and non-consolidated income statements for each fiscal year, do not incur ordinary losses for two consecutive periods.」
Following the new refinancing as well, the financial maintenance requirements remain in place: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. - FY2025Year-end borrowing balance and commitment line updateAnnual report
「Balance at the end of the current consolidated fiscal year: ¥629 million in long-term borrowings and ¥420 million in long-term borrowings due within one year ... Total commitment line: ¥2,500 million; drawn balance: 500; undrawn amount: 2,000」
The financial maintenance requirements are unchanged, while the year-end term-loan balance was ¥629 million in long-term borrowings and ¥420 million in long-term borrowings due within one year. The undrawn commitment line amount was ¥2 billion. - FY2025-H1Interim-period-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,050 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the current interim consolidated fiscal period: ¥839 million in long-term borrowings and ¥421 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants remain unchanged. Term-loan long-term borrowings decreased from ¥1.050 billion to ¥839 million, while borrowings due within one year increased from ¥420 million to ¥421 million. - FY2025-Q1Quarter-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,050 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the first quarter of the current consolidated fiscal year: ¥945 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged. Term-loan long-term borrowings decreased from ¥1.050 billion to ¥945 million, while borrowings due within one year were ¥420 million. - FY2024Year-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the current consolidated fiscal year: ¥1,050 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. Term-loan long-term borrowings have been updated from ¥1.470 billion to ¥1.050 billion. - FY2024-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥1,155 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. Term-loan long-term borrowings decreased from ¥1.470 billion to ¥1.155 billion. - FY2024-Q2Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥1,260 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. Only the term-loan balance has been updated. Long-term borrowings are ¥1.260 billion and borrowings due within one year are ¥420 million. - FY2024-Q1Quarter-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the first quarter of the current consolidated fiscal year: ¥1,365 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. The term-loan balance has been updated to ¥1.365 billion in long-term borrowings and ¥420 million in long-term borrowings due within one year. - FY2023Year-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year; balance at the end of the current consolidated fiscal year: ¥1,470 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. The year-end term-loan balance was ¥1.470 billion in long-term borrowings and ¥420 million in long-term borrowings due within one year. - FY2023-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥1,575 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged, and the term-loan balance has been updated to ¥1.575 billion in long-term borrowings and ¥420 million in long-term borrowings due within one year. - FY2023-Q2Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥1,680 million in long-term borrowings and ¥420 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% and avoid ordinary losses for two consecutive periods. The borrowing balance following refinancing has been updated. If the financial covenants are breached, the obligations may become immediately due and payable. - FY2023-Q1Agreement terms update following refinancingAnnual report
「Financial maintenance requirements: ① As of the end of each fiscal year, maintain the amount of the borrower's net assets in the consolidated and non-consolidated balance sheets at no less than 75% of the corresponding amount as of the end of the immediately preceding fiscal year. ② With respect to ordinary profit or loss in the consolidated and non-consolidated income statements for each fiscal year, do not incur ordinary losses for two consecutive periods.」
The term loan and commitment line following refinancing also contain financial maintenance requirements to maintain net assets at no less than 75% and avoid ordinary losses for two consecutive periods. - FY2022Year-end borrowing balance and agreement term updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the current consolidated fiscal year: ¥2,367 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% and avoid ordinary losses for two consecutive periods. The term loan has been reclassified from long-term borrowings to borrowings due within one year, with a year-end balance of ¥2.367 billion. - FY2022-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥2,467 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged, and at the end of the third quarter of the current fiscal year the term-loan balance was updated to ¥2.467 billion in long-term borrowings due within one year. - FY2022-Q2Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥2,567 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements are unchanged, and the term-loan balance has been updated to ¥2.567 billion in long-term borrowings due within one year. - FY2022-Q1Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,367 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the first quarter of the current consolidated fiscal year: ¥2,267 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged. Term-loan long-term borrowings have been updated from ¥2.367 billion at the end of the previous fiscal year to ¥2.267 billion. - FY2021-Q2Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,776 million in long-term borrowings and ¥413 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥2,567 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged: maintain net assets at no less than 75% of the immediately preceding fiscal year and avoid ordinary losses for two consecutive periods. The term-loan balance has been updated to ¥2.567 billion in long-term borrowings and ¥400 million in long-term borrowings due within one year. - FY2021-Q1Quarter-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥2,776 million in long-term borrowings and ¥413 million in long-term borrowings due within one year; balance at the end of the first quarter of the current consolidated fiscal year: ¥2,667 million in long-term borrowings and ¥409 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants remain unchanged, and the term-loan balance at the end of the first quarter has been updated to ¥2.667 billion in long-term borrowings and ¥409 million in long-term borrowings due within one year. - FY2020Year-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥3,604 million in long-term borrowings due within one year; balance at the end of the current consolidated fiscal year: ¥2,776 million in long-term borrowings and ¥413 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements are unchanged, but the year-end term-loan balance has been updated to ¥2.776 billion in long-term borrowings and ¥413 million in long-term borrowings due within one year. - FY2020-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥3,604 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥2,904 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements remain unchanged, and the term-loan balance has been updated to ¥2.904 billion in long-term borrowings and ¥400 million in long-term borrowings due within one year. - FY2020-Q2Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥3,604 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥3,004 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial maintenance requirements are unchanged, but the term-loan balance has been updated to ¥3.004 billion in long-term borrowings and ¥400 million in long-term borrowings due within one year. - FY2020-Q1Financial maintenance requirements and borrowing agreement renewal following refinancingAnnual report
「1. Syndicated loan agreement (term loan agreement) ① Borrowing amount: ¥1,200 million ⑥ Agreement term: 3 years from 31 May 2019 to 31 May 2022 ⑨ Financial maintenance requirements: 1) As of the end of each fiscal year, maintain the amount of net assets of the borrower in the consolidated and non-consolidated balance sheets at no less than 75% of the corresponding amount as of the end of the immediately preceding fiscal year. 2) With respect to ordinary profit or loss in the consolidated and non-consolidated income statements for each fiscal year, do not incur ordinary losses for two consecutive periods.」
The existing syndicated loan was refinanced and replaced with a new term loan and commitment line agreement. The financial maintenance requirements are to maintain net assets at no less than 75% of the immediately preceding fiscal year and to avoid ordinary losses for two consecutive periods. - FY2019-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥3,632 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥3,704 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants remain unchanged. At the end of the third quarter of the current fiscal year, the term-loan balance was reported as ¥3,704 million in long-term borrowings due within one year. - FY2019-Q2Borrowing classification and balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥3,632 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥3,804 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants remain unchanged. The term-loan balance has been reclassified and updated from long-term borrowings to ¥3,804 million in long-term borrowings due within one year. - FY2019-Q1Quarter-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the first quarter of the current consolidated fiscal year: ¥3,532 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants remain unchanged, requiring net assets to be maintained at no less than 75% and ordinary losses to be avoided for two consecutive periods. Term-loan long-term borrowings amounted to ¥3.532 billion. - FY2018Year-end borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥4,094 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the current consolidated fiscal year: ¥3,632 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants are unchanged, but the disclosure has been updated to show year-end term-loan long-term borrowings of ¥3.632 billion. - FY2018-Q3Borrowing balance updateAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥4,094 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the third quarter of the current consolidated fiscal year: ¥3,732 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The financial covenants are unchanged, but the disclosure has been updated to show term-loan long-term borrowings of ¥3.732 billion. The requirements to maintain net assets at no less than 75% and avoid ordinary losses for two consecutive periods also continue. - FY2018-Q2RestatedAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the previous consolidated fiscal year: ¥4,094 million in long-term borrowings and ¥400 million in long-term borrowings due within one year; balance at the end of the second quarter of the current consolidated fiscal year: ¥3,850 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The continued disclosure states that the commitment line and term loan contain financial covenants requiring net assets to be maintained at no less than 75% and ordinary losses to be avoided for two consecutive periods. - FY2017RestatedAnnual report
「The commitment line agreement referred to above and the Company's term loan agreement (balance at the end of the current consolidated fiscal year: ¥4,094 million in long-term borrowings and ¥400 million in long-term borrowings due within one year) contain financial covenants. If any of the provisions below is breached, all obligations under the agreements may become immediately due and payable.」
The requirements to maintain net assets at no less than 75% of the immediately preceding fiscal year and to avoid ordinary losses for two consecutive periods, together with the possibility that the obligations may become immediately due and payable in the event of a breach, continued to be disclosed for the full fiscal year. - FY2017-Q3RestatedAnnual report
「The commitment line agreement referred to above contains financial covenants. If any of the provisions below is breached, all obligations under the agreement may become immediately due and payable.」
The requirements to maintain net assets at no less than 75% of the immediately preceding fiscal year and to avoid ordinary losses for two consecutive periods, together with the possibility that the obligations may become immediately due and payable in the event of a breach, are reported again. - FY2017-Q2RestatedAnnual report
「The commitment line agreement referred to above contains financial covenants. If any of the provisions below is breached, all obligations under the agreement may become immediately due and payable.」
The disclosure again sets out the financial maintenance requirements to maintain net assets and avoid ordinary losses for two consecutive periods, as well as the possibility that the obligations may become immediately due and payable in the event of a breach. - FY2017-Q1First statedAnnual report
「Maintain, as of the end of each fiscal year, the amount of net assets after deduction of Class A preferred shares in the consolidated and non-consolidated balance sheets included in reports and other documents, including financial statements, at no less than 75% of the corresponding amount as of the end of the immediately preceding fiscal year. ... Do not incur ordinary losses for two consecutive periods in the consolidated and non-consolidated income statements.」
The syndicated loan agreement sets financial maintenance requirements to maintain net assets at no less than 75% of the immediately preceding fiscal year and to avoid ordinary losses for two consecutive periods.