Risk of Breaching Financial Covenants in Borrowing Agreements
First written in FY2025. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Some agreements with financial institutions relating to the Group’s borrowings contain financial covenants. If the Group breached such a covenant and became required to repay the borrowings in full, this could affect the Group’s financial position and results of operations.」
The risk of full repayment following a breach of financial covenants in borrowing agreements is reiterated. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The risk of breaching financial covenants in borrowing agreements is unchanged in all material respects. - FY2025First statedAnnual report
「Some agreements with financial institutions relating to the Group’s borrowings contain financial covenants. If the Group breached such a covenant and became required to repay the borrowings in full, this could affect the Group’s financial position and results of operations.」
The existence of financial covenants in borrowing agreements and the risk of full repayment if they are breached are described for the first time as a separate risk. No breach had occurred as of the fiscal year-end.