Risk of Breaching Financial Covenants in Borrowing Agreements
First written in FY2023. 3 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「If any of these conditions were breached, our results of operations and cash management could be affected, including through loss of the benefit of time.」
The Group continues to disclose financial covenants under its borrowing agreements and liquidity risks in the event of a breach. - 2026-06-22MitigatedTimely disclosure
「(10) Financial covenants None」
The new borrowing agreement has no financial covenants. This does not indicate that the risk of breaching covenants under all existing borrowing agreements has been eliminated. - FY2025-H1RestatedAnnual report
「The borrower’s tangible net worth at the end of each settlement period must not be less than the lower of the following amounts: ① 70% of the borrower’s tangible net worth at the end of the immediately preceding settlement period ② ¥1.335 billion」
The new syndicated loan agreement also contains a financial covenant concerning tangible net worth, and the company continues to recognize cash-management risk in the event of a breach. - FY2024RestatedAnnual report
「If any of these conditions were breached, our results of operations and cash management could be affected, including through loss of the benefit of time.」
The company continues to recognize the risk of breaching financial covenants and plans to maintain interest-bearing debt at an appropriate level. - FY2023First statedAnnual report
「If any of these conditions were breached, our results of operations and cash management could be affected, including through loss of the benefit of time.」
The company will maintain interest-bearing debt at an appropriate level, taking economic conditions, interest-rate trends and its financial balance into account.