Financial Covenants Under the Commitment Line
First written in FY2026-H1. 1 of 2 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
「① Maintain, as of the end of the fiscal year ending March 2026, total net assets as stated under net assets on the consolidated balance sheet at an amount equivalent to at least 75% of total net assets as stated under net assets on the consolidated balance sheet as of the end of the fiscal year ended March 2025. ② Ensure that the substantive ordinary profit or loss, calculated by taking into account the impact of power hedging transactions and other factors on ordinary profit or loss as stated on the consolidated income statement for the fiscal year ending March 2026, does not remain in deficit for 2 consecutive periods.」
The company continues to include in its annual disclosures the financial covenants attached to the commitment line agreement, requiring net assets to be maintained at 75% or more and substantive ordinary profit or loss not to be in deficit for 2 consecutive periods. - FY2026-H1First statedAnnual report
「① Maintain, as of the end of the fiscal year ending March 2026, total net assets as stated under net assets on the consolidated balance sheet at an amount equivalent to at least 75% of total net assets as stated under net assets on the consolidated balance sheet as of the end of the fiscal year ended March 2025. ② Ensure that the substantive ordinary profit or loss, calculated by taking into account the impact of power hedging transactions and other factors on ordinary profit or loss as stated on the consolidated income statement for the fiscal year ending March 2026, does not remain in deficit for 2 consecutive periods.」
The syndicated commitment line agreement contains financial covenants requiring net assets to be maintained at no less than 75% of the amount at the end of the preceding fiscal year and substantive ordinary profit or loss not to be in deficit for 2 consecutive periods.