Financial covenants imposed by lending institutions
First written in FY2021-Q3. 8 of 13 entries say "Restated". Latest entry: FY2026-H1.
22 other companies' latest entry also says "Other".
- FY2026-H1Added financial covenants in connection with borrowings for M&A fundingAnnual report
「① The amount of net assets reported in the consolidated balance sheet must be maintained at or above 75% of the amount of net assets reported in the consolidated balance sheet at the end of the most recent fiscal year. ② Pre-tax profit reported in the consolidated income statement must not be a loss for 2 consecutive periods.」
The borrowing for the acquisition of エミュ and other assets includes financial covenants requiring the company to maintain net assets of at least 75% and not report a loss before tax for two consecutive fiscal periods. - 2026-05-07AdvancedOccurring Fact
「Maintain the amount of net assets in the consolidated balance sheet at or above an amount equivalent to 75% of the amount of net assets in the consolidated balance sheet at the end of the most recent fiscal year.」
In connection with financing the acquisition of shares in Emu and Emu Lab, we newly entered into a loan agreement containing specific financial covenants concerning the maintenance of net assets and profit before income taxes. - FY2025Specified the financial covenants under the overdraft agreementAnnual report
「The overdraft agreement contains the following principal financial covenants. The Group complied with the financial covenants during the consolidated fiscal year. • Consolidated net assets at the end of each consolidated fiscal year must be at least 80% of the amount at the end of the immediately preceding consolidated fiscal year. • Pre-tax profit must not be a loss at the end of each consolidated fiscal year.」
The disclosure specifies the overdraft facility limit of ¥500 million and the financial covenants requiring net assets of at least 80% and no loss in pre-tax profit. - FY2025-H1RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure continues to describe capital restrictions under financial covenants and other provisions and operations to meet their requirements. - FY2023MitigatedAnnual report
「All financial covenants that had previously been imposed have been eliminated.」
The disclosure states that all existing financial covenants were eliminated in connection with the refinancing of the syndicated loan. - FY2023-Q3RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2023-Q2RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2023-Q1RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2022RestatedAnnual report
「The syndicated loan agreement contains financial covenants, and from the fiscal year ending September 2021 onward, the borrower is required to maintain the following levels for consolidated total net assets and ordinary profit at each fiscal year-end, based on Japanese accounting standards: • Total net assets as reported in the consolidated balance sheet must be at least 75% of the total net assets reported at the end of the most recent fiscal year. • Ordinary profit as reported in the consolidated income statement at the end of the fiscal year ending September 2021 and each subsequent fiscal year must not be a loss for 2 consecutive periods.」
The disclosure specifies the financial covenant thresholds and periods of application and states that the covenants are being complied with. - FY2022-Q3RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2022-Q2RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2022-Q1RestatedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure reiterates the financial covenants imposed by lending institutions and others and the Company's operation to meet them. - FY2021-Q3First statedAnnual report
「The Company is subject to restrictions on its capital, including financial covenants imposed by lending institutions and others in connection with financing, and operates to meet those requirements.」
The disclosure states that the Company is subject to capital restrictions imposed by lending institutions and others and operates to meet their requirements.