Litalico (7366) · RiskMitigated
Risk of acceleration upon breach of financial covenants
First written in FY2026-H1. 1 of 2 entries say "Mitigated", first in FY2026. Latest entry: FY2026.
2entries
2years
0from disclosures
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Same theme, other companies
Risk of loss of benefit of time following a breach of financial covenantsA theme 320 companies write about · 324 as a headwind · 0 as a tailwind
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Showing 14 of the 196 companies compared. The sentences above are computed from all 196.Comparing 200 of the theme's 327 threads.Full recordFilings, disclosures and news, newest first
- FY2026MitigatedAnnual report
「The Group complied with the financial covenants in the consolidated fiscal year.」
The company stated that it complied during the year with the financial covenants attached to borrowings outstanding of ¥3,761 million, including the 75% net asset threshold and the covenant concerning consolidated ordinary losses. - FY2026-H1First statedAnnual report
「The following financial covenants must not be breached for 2 consecutive periods: ① from the fiscal year ending March 2025 until repayment, consolidated net assets must not fall below 75% of consolidated net assets for whichever of the 2 most recent fiscal years has the higher amount; and ② from the fiscal year ending March 2025 until repayment, the company must not incur a consolidated ordinary loss.」
On 22 May 2025, the company entered into a borrowing agreement for principal of ¥4,270 million, with a repayment date of 31 May 2032, and established financial covenants concerning net asset levels and consolidated ordinary profit. If the covenants are breached for 2 consecutive periods and the lender makes a demand, the company may lose the benefit of time.