Risk of breaching financial covenants
First written in FY2016. 17 of 20 entries say "Restated". Latest entry: FY2024.
39 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「In raising funds, the Group seeks to level out annual repayment amounts to reduce refinancing risk and ease the repayment burden. In addition, amid an uncertain outlook for social conditions and the economic environment, the Group has secured sufficient on-hand liquidity to prepare for unforeseen circumstances and has established commitment lines to ensure access to additional funds. As a result, its funding risk is currently extremely low.」
The Group continued to address funding risk by leveling out repayment amounts, maintaining on-hand liquidity, and using commitment lines, and described its near-term funding risk as extremely low. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2023-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2021-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risks of breaching financial covenants and encountering difficulty raising funds. - FY2020MitigatedAnnual report
「In raising funds, the Group seeks to level out annual repayment amounts to reduce refinancing risk and ease the repayment burden. In addition, amid an uncertain outlook due to COVID-19 and other factors, the Group has secured sufficient on-hand liquidity, including through increased borrowings, to prepare for unforeseen circumstances, and has established commitment lines to ensure access to additional funds. As a result, its funding risk is currently extremely low.」
The response to financial covenant and funding risks was described as combining the leveling of repayment amounts, increased borrowings, sufficient on-hand liquidity, and commitment lines. - FY2020-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2019RestatedAnnual report
「Some agreements with financial institutions relating to the Group's borrowings contain financial covenants. If the Group breaches any such financial covenant and encounters difficulty raising funds, its operating results and financial position could be adversely affected.」
The risks of breaching financial covenants and encountering difficulty raising funds continued. - FY2019-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2019-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2018RestatedAnnual report
「Some agreements with financial institutions relating to the Group's borrowings contain financial covenants. If the Group breaches any such financial covenant and encounters difficulty raising funds, its operating results and financial position could be adversely affected.」
The risks of breaching financial covenants and encountering difficulty raising funds continued. - FY2018-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. No quantification or occurrence of the risk was indicated. - FY2018-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of breaching financial covenants. - FY2017RestatedAnnual report
「Some agreements with financial institutions relating to the Group's borrowings contain financial covenants. If the Group breaches any such financial covenant and encounters difficulty raising funds, its operating results and financial position could be adversely affected.」
The risks of breaching financial covenants and encountering difficulty raising funds continued to be disclosed, with the wording made more specific. - FY2016First statedAnnual report
「Some agreements with financial institutions relating to the Group's borrowings contain financial covenants. If the Group breaches any such financial covenant, its operating results and financial position could be adversely affected.」
Financial covenants under borrowing agreements were explicitly identified as a risk.