Borrowing covenants concerning net assets, earnings and negative net worth
First written in FY2016. 14 of 35 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-11-05.
- FY2026MitigatedAnnual report
「Fiscal year raised Fiscal 2021 Fiscal 2022 Fiscal 2023 Total Balance (¥ million) 300 900 1,425 2,625」
The balance of borrowings subject to a covenant requiring the avoidance of a negative net worth decreased from ¥4,880 million in the previous fiscal year to ¥2,625 million. The covenant itself remains in effect. - 2026-06-03MitigatedGeneral Meeting of Shareholders
「残 高 300 900 1,425 2,625 （百万円）」
財務制限条項付き借入残高の合計を2,625百万円と記載している。FY2026-H1の3,510百万円から減少しており、債務超過回避条項付き借入残高の減少が示されている。canonical thread自体は変更しない。 - FY2026-H1MitigatedAnnual report
「Fiscal year raised Fiscal 2021 Fiscal 2022 Fiscal 2023 Total Balance (¥ million) 600 1,200 1,710 3,510」
The total balance of borrowings subject to a covenant requiring the avoidance of a negative net worth decreased from ¥4,880 million in the previous consolidated fiscal year to ¥3,510 million. The financial covenant itself remains in effect. - FY2025-H1MitigatedAnnual report
「Fiscal year raised Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Fiscal 2024 Total Balance (¥ million) 970 1,200 1,800 2,280 － 6,250」
The total balance of borrowings subject to a covenant requiring the avoidance of a negative net worth decreased from ¥7,905 million in the previous consolidated fiscal year to ¥6,250 million. The covenant itself remains in effect. - FY2024MitigatedAnnual report
「Fiscal year raised Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Total Balance (¥ million) 285 1,455 1,500 2,100 2,565 7,905」
The total balance of borrowings subject to a covenant requiring the avoidance of a negative net worth decreased from ¥8,365 million in the previous fiscal year to ¥7,905 million. The covenant itself remains in effect. - FY2024-Q3WorsenedAnnual report
「Fiscal year raised Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Total Balance (¥ million) 427 1,697 1,650 2,250 2,707 8,732」
The total balance of borrowings subject to financial covenants increased from ¥8,365 million in the previous consolidated fiscal year to ¥8,732 million, with ¥2,707 million raised in fiscal 2023 newly reported. All borrowings are subject to a covenant requiring the avoidance of a negative net worth. - FY2024-Q2WorsenedAnnual report
「Fiscal year raised Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Fiscal 2023 Total Balance (¥ million) 570 1,940 1,800 2,400 2,850 9,560」
The total balance of borrowings subject to a covenant requiring the avoidance of a negative net worth increased from ¥8,365 million in the previous consolidated fiscal year to ¥9,560 million, with ¥2,850 million raised in fiscal 2023 newly reported. - FY2024-Q1MitigatedAnnual report
「Fiscal year raised Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Total Balance (¥ million) 142 712 2,182 1,950 2,550 7,537」
The total balance of borrowings subject to financial covenants decreased from ¥8,365 million in the previous consolidated fiscal year to ¥7,537 million. Borrowings continue to be subject to a covenant requiring the avoidance of a negative net worth. - FY2023MitigatedAnnual report
「Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Total Balance (¥ million) 285 855 2,425 2,100 2,700 8,365」
The total balance of borrowings subject to financial covenants decreased from ¥8,660 million in the previous fiscal year to ¥8,365 million. The covenant requiring the avoidance of a negative net worth remains in effect. - FY2023-Q3MitigatedAnnual report
「Fiscal year raised Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Total Balance (¥ million) 427 997 2,667 2,250 850 7,192」
The total balance of borrowings subject to financial covenants decreased from ¥8,660 million in the previous consolidated fiscal year to ¥7,192 million. All borrowings are subject to a covenant requiring the avoidance of a negative net worth. - FY2023-Q2MitigatedAnnual report
「Fiscal year raised Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Total Balance (¥ million) 570 1,140 2,910 2,400 850 7,870」
The total balance of borrowings subject to financial covenants decreased from ¥8,660 million in the previous consolidated fiscal year to ¥7,870 million. All borrowings are subject to a covenant requiring the avoidance of a negative net worth. In addition, ¥850 million raised in fiscal 2022 has been newly reported. - FY2023-Q1MitigatedAnnual report
「Fiscal year raised Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Total Balance (¥ million) 142 712 1,282 3,152 2,550 7,840」
The total balance of borrowings subject to financial covenants decreased from ¥8,660 million in the previous consolidated fiscal year to ¥7,840 million. The covenant requiring the avoidance of a negative net worth remains in effect. - FY2022-Q3MitigatedAnnual report
「Fiscal year raised Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Total Balance (¥ million) 427 997 1,567 3,637 2,000 8,630」
The total balance of borrowings subject to financial covenants decreased from ¥8,935 million in the previous consolidated fiscal year to ¥8,630 million. Borrowings continue to be subject to a covenant guaranteeing that the non-consolidated balance sheet will not show a negative net worth. - FY2022-Q2WorsenedAnnual report
「Fiscal year raised Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Total Balance (¥ million) 570 1,140 1,710 3,880 2,000 9,300」
The total balance of borrowings subject to financial covenants increased from ¥8,935 million in the previous consolidated fiscal year to ¥9,300 million, with ¥2,000 million raised in fiscal 2021 newly reported. All borrowings are subject to a covenant guaranteeing that the non-consolidated balance sheet will not show a negative net worth. - FY2022-Q1MitigatedAnnual report
「Total Balance (¥ million) 8,935 8,117」
The total balance of borrowings subject to financial covenants decreased from ¥8,935 million in the previous consolidated fiscal year to ¥8,117 million. The covenant continues to require the avoidance of a negative net worth. - FY2021WorsenedAnnual report
「Fiscal year raised Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Total Balance (¥ million) 295 855 1,425 1,995 4,365 8,935」
The total balance of borrowings subject to financial covenants increased from ¥7,165 million in the previous fiscal year to ¥8,935 million, with ¥4,365 million raised in fiscal 2020 newly reported. The covenant requires the avoidance of a negative net worth. - FY2021-Q3WorsenedAnnual report
「Fiscal year raised Fiscal 2016 Fiscal 2017 Fiscal 2018 Fiscal 2019 Fiscal 2020 Total Balance (¥ million) 442 997 1,567 2,137 4,607 9,752」
The total balance of borrowings subject to financial covenants increased from ¥7,165 million at the end of the previous consolidated fiscal year to ¥9,752 million, with ¥4,607 million raised in fiscal 2020 newly reported. All borrowings are subject to a covenant requiring the avoidance of a negative net worth. - FY2021-Q2WorsenedAnnual report
「Current second-quarter consolidated accounting period」
The total balance of borrowings subject to financial covenants increased from ¥7,165 million in the previous consolidated fiscal year to ¥10,570 million, with ¥4,850 million raised in fiscal 2020 newly reported. All borrowings are subject to a covenant requiring the avoidance of a negative net worth. - FY2021-Q1Decrease in Borrowings Subject to Financial CovenantsAnnual report
「Total Balance (¥ millions) 7,165 6,442」
The total balance of borrowings subject to financial covenants decreased by ¥723 million, from ¥7,165 million in the previous consolidated fiscal year to ¥6,442 million. The covenant remains unchanged: avoiding a negative net worth on the non-consolidated balance sheet as of each fiscal year-end. - FY2020-Q3Decrease in Borrowings Subject to Financial CovenantsAnnual report
「Of the borrowings raised in fiscal 2019, ¥2,707 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The balance subject to financial covenants related to the fiscal 2019 borrowings decreased from ¥2,850 million in the previous quarter to ¥2,707 million. The covered balances for existing fiscal years were also updated. - FY2020-Q2Addition of financial covenants for borrowings raised in the new fiscal yearAnnual report
「Of the borrowings raised in fiscal 2018, ¥2,280 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end. Of the borrowings raised in fiscal 2019, ¥2,850 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The balance subject to financial covenants related to the fiscal 2018 borrowings decreased to ¥2,280 million, and a new covenant to avoid negative net worth was disclosed for the ¥2,850 million of borrowings raised in fiscal 2019. - FY2020-Q1Decrease in Borrowings Subject to Financial CovenantsAnnual report
「Of the borrowings raised in fiscal 2018, ¥2,422 million is subject to the financial covenants set out below.」
The balance subject to financial covenants related to the fiscal 2018 borrowings decreased from ¥2,565 million in the previous consolidated fiscal year to ¥2,422 million. The covered balances for other fiscal years also decreased. - FY2019-Q3Decrease in Borrowings Subject to Financial CovenantsAnnual report
「Of the borrowings raised in fiscal 2018, ¥2,707 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
Although the terms of the financial covenants related to the fiscal 2018 borrowings remain unchanged, the covered balance decreased from ¥2,850 million in the previous quarterly report to ¥2,707 million. No breach of the financial covenants was disclosed. - FY2019-Q2Addition of financial covenants for fiscal 2018 borrowingsAnnual report
「For ¥2,850 million of the borrowings raised in fiscal 2018, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
A new financial covenant to avoid negative net worth has been disclosed for the ¥2,850 million of borrowings raised in fiscal 2018. The balance of borrowings subject to financial covenants, including existing borrowings, continues to be disclosed. - FY2019-Q1Decrease in Borrowings Subject to Financial CovenantsAnnual report
「Of the borrowings raised in fiscal 2017, ¥2,422 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
While there was no new change in the financial covenants, the balance related to the fiscal 2017 borrowings decreased from ¥2,565 million at the end of the previous fiscal year to ¥2,422 million. - FY2018Addition of financial covenants for borrowings raised in the new fiscal yearAnnual report
「Of the borrowings raised in fiscal 2017, ¥2,565 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
A new financial covenant to avoid negative net worth has been disclosed for the ¥2,565 million of fiscal 2017 borrowings. - FY2018-Q3RestatedAnnual report
「Of the borrowings raised in fiscal 2017, ¥2,707 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The Company continues to disclose financial covenants concerning the maintenance of net assets, avoidance of consecutive losses, and avoidance of negative net worth for borrowings from fiscal 2013 through fiscal 2017. - FY2018-Q2Addition of financial covenants for borrowings raised in the new fiscal yearAnnual report
「Of the borrowings raised in fiscal 2017, ¥2,850 million is subject to the financial covenants set out below. The Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
A new financial covenant to avoid negative net worth has been disclosed for the ¥2,850 million of borrowings raised in fiscal 2017. - FY2017RestatedAnnual report
「For ¥2,655 million of the borrowings raised in fiscal 2016, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The Company continues to disclose the conditions for maintaining net assets and avoiding consecutive losses on borrowings from fiscal 2013 and fiscal 2014, and the condition for avoiding negative net worth on borrowings from fiscal 2015 and fiscal 2016. - FY2017-Q3RestatedAnnual report
「For ¥2,802 million of the borrowings raised in fiscal 2016, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The Company continues to disclose a financial covenant to avoid negative net worth for the fiscal 2016 borrowings. - FY2017-Q2Addition of financial covenants for new borrowingsAnnual report
「For ¥2,950 million of the borrowings raised in fiscal 2016, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
A new financial covenant to avoid negative net worth has been disclosed for the ¥2,950 million of borrowings raised in fiscal 2016. - FY2017-Q1RestatedAnnual report
「Of the borrowings raised in fiscal 2013, ¥1,080 million is subject to the financial covenants set out below. Of the borrowings raised in fiscal 2014, ¥1,722 million is subject to the financial covenants set out below. For the ¥2,507 million balance of borrowings raised in fiscal 2015, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The Company continues to disclose financial covenants concerning the maintenance of net assets, avoidance of losses for 3 consecutive fiscal years, and avoidance of negative net worth. - FY2016First statedAnnual report
「For the ¥2,655 million balance of borrowings raised in fiscal 2015, the Company covenants that its standalone balance sheet will not show negative net worth as of each fiscal year-end.」
The Company also describes covenants requiring net assets to be maintained at no less than 75% of the year-earlier level and requiring the avoidance of losses for 3 consecutive fiscal years.