Financial Covenants Attached to the Syndicated Loan
First written in FY2019-Q3. 7 of 8 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions. (1) The amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year.」
The new commitment agreement entered into in September 2025 is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow and debt limits. - FY2024RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions. (1) The amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year.」
The new commitment agreement entered into in March 2024 is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow and debt limits. - FY2023RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions. (1) The amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year.」
In addition to the existing agreement, the commitment agreement entered into in March 2023 is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow and debt limits. - FY2022RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions. (1) The amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year.」
The new loan commitment agreement is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow and debt limits. - FY2021RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions. (1) The amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year. (4) Total interest-bearing debt and lease liabilities on the consolidated balance sheet at the end of each fiscal year and the second quarter must not exceed ¥7,794.665 million.」
The new loan commitment agreement is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow and debt limits. - FY2020RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions.」
The new loan commitment agreement is also subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow, and interest-bearing debt and lease liabilities. - FY2019RestatedAnnual report
「The above loan commitment agreement is subject to the following financial covenants, among other provisions.」
The Company continues to disclose financial covenants concerning net assets, ordinary income or loss, investment cash flow, interest-bearing debt and lease liabilities. - FY2019-Q3First statedAnnual report
「Financial covenants, etc. (1) From the fiscal year ending March 2019 onward, the amount of consolidated net assets on the consolidated balance sheet at the end of each fiscal year must be maintained at or above the higher of 75% of consolidated net assets at the end of the fiscal year ended March 2018 and 75% of consolidated net assets at the end of the immediately preceding fiscal year. (2) For each consecutive 2-fiscal-year period beginning with the fiscal year ending March 2019, ordinary income or loss reported in the consolidated statements of income must not be a loss for 2 consecutive fiscal years. (3) From the fiscal year ending March 2019 onward, the amount of investment cash flow after taking capital financing into account, calculated from the respective items in the consolidated statements of cash flows included in the annual securities reports for each fiscal year, must be maintained at no less than negative ¥700 million. (4) From the fiscal year ending March 2019 onward, total interest-bearing debt on the consolidated balance sheet at the end of each fiscal year and the second quarter must not exceed ¥6,128.401 million. (5) From the fiscal year ending March 2019 onward, total lease liabilities on the consolidated balance sheet at the end of each fiscal year and the second quarter must not exceed ¥1,666.264 million.」
The Company disclosed that the syndicated loan is subject to financial covenants concerning maintenance of net assets, ordinary income or loss, investment cash flow, interest-bearing debt and lease liabilities.