Risk of Loss of Benefit of Time Due to Breach of Financial Covenants
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2026.
40 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the end of the current consolidated fiscal year, there were no outstanding borrowings under agreements containing financial covenants.」
The Group explicitly states that it has no outstanding borrowings under agreements containing financial covenants, reducing its exposure to the risk of losing the benefit of time. - FY2018RestatedAnnual report
「Some of the agreements relating to the Group’s borrowings contain financial covenants. If the Group breaches specific covenants, it may lose the benefit of time with respect to the relevant borrowings at the request of the lending financial institutions.」
The Group continues to disclose the risk of losing the benefit of time due to breaches of financial covenants. - FY2016First statedAnnual report
「Some of the agreements relating to the Group’s borrowings contain financial covenants. If the Group breaches specific covenants, it may lose the benefit of time with respect to the relevant borrowings at the request of the lending financial institutions.」
The Group discloses the possibility of losing the benefit of time if it breaches financial covenants in its borrowing agreements.