Financial Covenants for Subsidiary Borrowings
First written in FY2021. 9 of 15 entries say "Restated". Latest entry: 2026-06-29.
18 other companies' latest entry also says "Advanced".
- 2026-06-29AdvancedOccurring Fact
「1. The total amount of net assets shown in the consolidated balance sheets of セレンディップ SPC３号株式会社 and the company at each fiscal year-end from the fiscal year ending March 2028 onward must be maintained at 75% of the corresponding total amount of net assets at the immediately preceding fiscal year-end.」
A net-worth maintenance covenant for セレンディップ SPC3号株式会社 and the company, together with a restriction on consolidated ordinary losses, was specified as a financial covenant for the 日建産業 M&A loan. - FY2026Quantification and addition of financial covenantsAnnual report
「The standalone gross leverage ratio at each fiscal year-end (trailing 12 months) from the fiscal year ending March 2026 onward, including the fiscal year ending March 2026, must not exceed the following figures: fiscal year ending March 2026 7.0 / fiscal year ending March 2027 5.0 / fiscal year ending March 2028 4.0 / fiscal year ending March 2029 3.0 / fiscal year ending March 2030 onward 3.0」
For borrowings of ユニクレア, annual gross leverage ratios and debt service coverage ratios were specified as financial covenants in addition to net assets and ordinary income or loss. - FY2026-H1MaterialisedAnnual report
「Some borrowings at the end of the interim consolidated accounting period are subject to financial covenants. As of the end of the interim consolidated accounting period, 株式会社レディーバード, a consolidated subsidiary of the Company, was in breach of some of the financial covenants, but obtained the agreement of the relevant financial institutions not to exercise their rights relating to acceleration of repayment.」
レディーバード was actually in breach of some financial covenants. It stated that it had obtained the agreement of the relevant financial institutions not to exercise their rights relating to acceleration of repayment. - FY2025-H1RestatedAnnual report
「Some borrowings at the end of the interim consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the interim consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach as of the end of the interim consolidated accounting period. - FY2024WorsenedAnnual report
「The current portion of long-term borrowings of ¥60.932 million and long-term borrowings of ¥791.568 million of Leighton Co., Ltd. are subject to financial covenants, as follows.」
New financial covenants concerning net assets and operating income or loss were added to borrowings of Leighton, the SPC used to acquire Ladybird. - FY2024-Q3RestatedAnnual report
「Some borrowings at the end of the third quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the third quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach of the covenants at the end of the third quarter. - FY2024-Q2RestatedAnnual report
「Some borrowings at the end of the second quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the second quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach of the covenants at the end of the second quarter. - FY2024-Q1RestatedAnnual report
「Some borrowings at the end of the first quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the first quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach of the covenants at the end of the first quarter. - FY2023RestatedAnnual report
「Some of the Group’s borrowings from financial institutions are subject to financial covenants based on ordinary income or loss in the annual income statements of the Group or individual subsidiaries and the amount of net assets in the balance sheets at the end of each fiscal year, among other criteria.」
Continues to disclose borrowings subject to financial covenants based on consolidated and subsidiary ordinary income or loss, net assets and other criteria. - FY2023-Q2RestatedAnnual report
「Some borrowings at the end of the second quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the second quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach of the covenants at the end of the second quarter. - FY2022Change in agreements subject to financial covenantsAnnual report
「The Company’s commitment line agreement is subject to financial covenants, as follows.」
Stated that, in addition to the existing covenants on subsidiary borrowings, the Company’s commitment line agreement became subject to financial covenants concerning net assets, ordinary profit and working capital borrowings. - FY2022-Q3RestatedAnnual report
「Some borrowings at the end of the third quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the third quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, none were in breach of the covenants at the end of the current quarter. - FY2022-Q2RestatedAnnual report
「Some borrowings at the end of the second quarter of the current consolidated accounting period are subject to financial covenants. No borrowings were in breach of the financial covenants as of the end of the second quarter of the current consolidated accounting period.」
Although borrowings subject to financial covenants exist, it was stated that none were in breach of the covenants at the end of the current quarter. - FY2022-Q1RestatedAnnual report
「As of the end of the first quarter of the current consolidated fiscal year, there were no borrowings in breach of financial covenants.」
Stated that borrowings subject to financial covenants were not in breach at the end of the current quarter. - FY2021First statedAnnual report
「The total amount of net assets in the standalone balance sheet at the end of each fiscal year must be maintained at 75% or more of the total amount of net assets at the end of the previous fiscal year.」
Disclosed covenants for borrowings by 天竜精機, 三井屋工業 and other companies requiring net assets to be maintained at 75% or more and avoiding ordinary losses for 2 consecutive fiscal years.