Risk of breaching financial covenants under commitment agreements
First written in FY2018. 15 of 18 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
52 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「During the period, the Group sought to reduce liabilities by using funds generated from operating cash flow, including through a decrease in inventories, to repay borrowings.」
The company states that operating cash flow was used to repay borrowings, reducing liabilities associated with the repayment burden that would arise if financial covenants were breached. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2024-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.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2022RestatedAnnual report
「The Group continues to negotiate with customers to reduce accounts receivable and thereby reduce borrowings by changing payment terms when orders are received.」
The risk of forfeiting the benefit of the term of the loans and having to repay borrowings if financial covenants are breached continues to be disclosed, and negotiations to reduce accounts receivable and borrowings are continuing. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2021MitigatedAnnual report
「The Group continues to negotiate with customers to reduce accounts receivable and thereby reduce borrowings by changing payment terms when orders are received.」
In response to the repayment risk arising from a breach of financial covenants, negotiations continue to reduce accounts receivable and borrowings through changes to payment terms at the time orders are received. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2019RestatedAnnual report
「The Group will continue negotiations to change its borrowing terms to more favorable conditions while the economic environment surrounding the Company remains favorable.」
The risk of becoming obligated to repay all borrowings if financial covenants are breached continues to be disclosed, and negotiations to change the borrowing terms are continuing. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The treatment of the risk of breaching financial covenants under the commitment agreement as having no new occurrence or material change remains unchanged. - FY2018First statedAnnual report
「The agreement contains financial covenants concerning the amount of net assets presented in the net assets section of the Company's balance sheet at the end of the interim and fiscal year-end financial periods. If these covenants are breached, the lenders may demand that the Company forfeit the benefit of the term of the loans, requiring immediate repayment of the entire amount borrowed, which may affect the Group's business results and financial condition.」
The company discloses the possibility that, if financial covenants attached to some borrowings are breached, it may forfeit the benefit of the term of the loans and become obligated to repay the entire amount borrowed.