Liquidity Risk Related to Borrowings, etc.
First written in FY2019. 10 of 15 entries say "Restated". Latest entry: FY2026-H1.
100 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Certain borrowings are subject to financial covenants. If these covenants are breached, the relevant borrowings may become subject to immediate repayment in full and the contracts may be terminated, which could affect the Company's ability to raise funds.」
The possibility of immediate repayment in full and contract termination due to breaches of financial covenants, and the potential impact on financing, continues to be disclosed as the same general risk as in the previous disclosure. - FY2025-H1MitigatedAnnual report
「Certain borrowings are subject to financial covenants. If these covenants are breached, part of the relevant borrowings may become subject to immediate repayment in full and the contracts may be terminated, which could affect the Company's ability to raise funds.」
The risk associated with financial covenants continues to be disclosed as a general future risk, with no new breach disclosed. In addition, repayment of short-term and long-term borrowings is progressing. - FY2024MitigatedAnnual report
「Certain borrowings are subject to financial covenants. If these covenants are breached, the relevant borrowings may become subject to immediate repayment in full and the contracts may be terminated, which could affect the Company's ability to raise funds.」
Although breaches of multiple financial covenants were disclosed as of the end of the previous consolidated fiscal year, no new breach is disclosed as of the end of the current consolidated fiscal year; the matter is presented as a general future risk. - FY2024-Q3RestatedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of financial covenant ① above. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The breach of the financial covenants as of the end of the previous consolidated fiscal year and the agreement that the financial institutions would not exercise their right to declare the benefit of time lost continue to be disclosed. - FY2024-Q2RestatedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of financial covenant ① above. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The breach of the financial covenants as of the end of the previous consolidated fiscal year and the agreement that the financial institutions would not exercise their right to declare the benefit of time lost continue to be disclosed. - FY2024-Q1RestatedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of financial covenant ① above. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The breach of the net asset maintenance covenant and other covenants as of the end of the previous consolidated fiscal year, and the agreement that the financial institutions would not exercise their right to declare the benefit of time lost, continue to be disclosed. The contractual terms of the term loans and commitment lines are also disclosed. - FY2023WorsenedAnnual report
「As of the end of the current consolidated fiscal year, the Company was in breach of financial covenant ① above. In addition, as of the end of the current consolidated fiscal year, the Company was in breach of financial covenant ② above under both the commitment line agreement entered into with MUFG Bank, Ltd. and the commitment line agreement entered into with Mizuho Bank, Ltd. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The disclosure states that breaches of the financial covenants extended beyond the syndicated term loan to the commitment lines with MUFG Bank and Mizuho Bank. However, the Company has obtained an agreement from the financial institutions not to exercise their right to declare the benefit of time lost. - FY2023-Q3RestatedAnnual report
「Among the borrowings as of the end of the third quarter of the current consolidated fiscal year, the Company's term loan agreement (¥1,068,014 thousand) contains the following financial covenants:」
Disclosure continues of the financial covenants relating to the maintenance of net assets and ordinary losses attached to the term loan, syndicated term loans and multiple commitment lines. No new breaches are disclosed. - FY2023-Q2RestatedAnnual report
「Among the borrowings as of the end of the second quarter of the current consolidated fiscal year, the Company's term loan agreement (¥1,100,051 thousand) contains the following financial covenants:」
Disclosure of the financial covenants continues, with conditions also provided for syndicated term loans and multiple commitment lines in addition to the term loan. No new breaches of covenants relating to ordinary losses or the maintenance of net assets are disclosed. - FY2023-Q1RestatedAnnual report
「Among the borrowings as of the end of the first quarter of the current consolidated fiscal year, the Company's term loan agreement (¥1,132,088 thousand) contains the following financial covenants: ① the amount of consolidated net assets on the consolidated balance sheet as of the end of each fiscal year must be maintained at or above 75% of the higher of the amount of consolidated net assets as of the end of the fiscal year containing the date of the original agreement or as of the end of the immediately preceding fiscal year; and ② the Company must not record an ordinary loss for two consecutive fiscal years on a consolidated basis.」
The conditions attached to the borrowings' financial covenants, including maintaining net assets at 75% or more of the reference amount and not recording ordinary losses for two consecutive fiscal years, continue to be disclosed. - FY2022RestatedAnnual report
「Certain borrowings are subject to financial covenants. If these covenants are breached, the relevant borrowings may become subject to immediate repayment in full and the contracts may be terminated, which could affect the Company's ability to raise funds.」
The possibility of immediate repayment in full and contract termination due to breaches of financial covenants, and the potential impact on financing, continues to be disclosed. The agreement with the financial institutions regarding the breach as of the end of the previous consolidated fiscal year was disclosed, and repayment of borrowings also progressed during the current fiscal year. - FY2022-Q3RestatedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of the financial covenants attached to the above borrowings. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The breach of the financial covenants as of the end of the previous consolidated fiscal year and the agreement that the financial institutions would not exercise their right to declare the benefit of time lost continue to be disclosed. - FY2022-Q2RestatedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of the financial covenants attached to the above borrowings. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
The breach of the financial covenants as of the end of the previous consolidated fiscal year and the agreement that the financial institutions would not exercise their right to declare the benefit of time lost continue to be disclosed. - FY2022-Q1MaterialisedAnnual report
「As of the end of the previous consolidated fiscal year, the Company was in breach of the financial covenants attached to the above borrowings. With respect to the financial covenants, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost.」
A breach of the financial covenants attached to the borrowings actually occurred. However, the Company has agreed with the financial institutions not to exercise their right to declare the benefit of time lost. - FY2019First statedAnnual report
「The Company's Administration Department prepares and updates funding plans in a timely manner for short-term and long-term borrowings and manages liquidity risk by maintaining cash on hand and through other measures.」
The Company newly disclosed its policy of managing liquidity risk relating to borrowings through funding plans and the maintenance of cash on hand.