Occurrence and resolution of an event specified in the financial covenants of loan agreements
TSUBAKI NAKASHIMA CO.,LTD. (the filing company)
Loan agreements. The counterparties comprise 2 city banks and 3 regional banks.
The balance of the affected agreements at the end of the fiscal year ended June 2026 was ¥42,547 million. The amount of the impact as a loss or expense and the accounting classification were not disclosed.
The impact on results for the fiscal year ending December 2026 is expected to be minor. No significant disruption to the Company’s cash management plan is expected.
Related procedures
Breach of financial covenants and consent not to exercise the right to accelerate the loans
The Company has begun discussions on refinancing certain borrowing agreements maturing during the current fiscal year. No significant disruption to the Company’s cash management plan is expected.
| Item | Details |
|---|---|
| Event name | Occurrence and resolution of an event specified in the financial covenants of loan agreements |
| Date of occurrence | 30 June 2026 (the date of the breach of the financial covenants) |
| Date recognized / date notice received | 31 July 2026 (the date on which the Company obtained the lending financial institutions’ consent not to exercise their right to accelerate the loans) |
| Subject Entity | TSUBAKI NAKASHIMA CO.,LTD. (the filing company) |
| Target Locations / Products | Loan agreements. The counterparties comprise 2 city banks and 3 regional banks. |
| Amount of Impact on Business Performance | The balance of the affected agreements at the end of the fiscal year ended June 2026 was ¥42,547 million. The amount of the impact as a loss or expense and the accounting classification were not disclosed. |
| Impact on Earnings Forecast | The impact on results for the fiscal year ending December 2026 is expected to be minor. No significant disruption to the Company’s cash management plan is expected. |
| Type of litigation or proceeding | Breach of financial covenants and consent not to exercise the right to accelerate the loans |
| Outlook | The Company has begun discussions on refinancing certain borrowing agreements maturing during the current fiscal year. No significant disruption to the Company’s cash management plan is expected. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company breached its financial covenants as of 30 June 2026. The specific cause of the breach was not disclosed.