Financial Covenants Attached to Borrowing Agreements
First written in FY2017-Q1. 6 of 8 entries say "Restated". Latest entry: FY2025-H1.
44 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The special overdraft agreement is subject to financial covenants.」
The company continues to disclose that the special overdraft agreement is subject to financial covenants. - FY2023-Q1RestatedAnnual report
「The special overdraft agreement is subject to financial covenants.」
The company reconfirms that the special overdraft agreement is subject to financial covenants. - FY2022RestatedAnnual report
「The special overdraft agreement is subject to financial covenants.」
The company continues to disclose that its borrowing agreements are subject to financial covenants. - FY2018RestatedAnnual report
「The special overdraft agreement and term loan agreement are subject to financial covenants.」
The company continues to disclose that its borrowing agreements are subject to financial covenants. - FY2018-Q2Details of financial covenants by agreementAnnual report
「(2) Special overdraft agreement ① Interest coverage ratio of 1 or less ② Net loss for 2 consecutive fiscal years ③ Negative net worth」
The financial covenants are specified for each of the commitment line, special overdraft agreement, and term loan agreement. In addition to minimum net asset and loss conditions, they include conditions such as the interest coverage ratio, losses for 2 consecutive fiscal years, and negative net worth. - FY2017-Q3RestatedAnnual report
「① At the end of each fiscal year, maintain the amount of net assets on the balance sheet at no less than 75% of the amount in the same period of the previous year and no less than 75% of the amount of net assets on the balance sheet for the fiscal year ended March 2011.」
The financial covenants attached to the syndicated loan and commitment line concerning minimum net assets and ordinary profit or loss are restated. - FY2017-Q2RestatedAnnual report
「(1) At the end of each fiscal year, maintain the amount of net assets on the balance sheet at no less than 75% of the amount in the same period of the previous year and no less than 75% of the amount of net assets on the balance sheet for the fiscal year ended March 2011.」
The financial covenants attached to the syndicated loan and commitment line concerning minimum net assets and ordinary profit or loss are restated. - FY2017-Q1First statedAnnual report
「At the end of each fiscal year, maintain the amount of net assets on the balance sheet at no less than 75% of the amount in the same period of the previous year and no less than 75% of the amount of net assets on the balance sheet for the fiscal year ended March 2011. Ensure that ordinary profit or loss shown in the income statement for each fiscal year does not represent a loss for 2 consecutive fiscal years.」
The syndicated loan and commitment line contain financial covenants concerning minimum net asset levels and ordinary losses for 2 consecutive fiscal years.