Risk of breaching financial covenants under syndicated loans
First written in FY2016. 12 of 13 entries say "Restated". Latest entry: FY2024-Q3.
- FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2019RestatedAnnual report
「If the Group's consolidated or non-consolidated results of operations or financial condition were to breach these covenants, the Group could lose the benefit of time for repayment and could face enforcement of security interests over pledged assets or demands for repayment in full, potentially affecting the Group's performance.」
The risks of loss of the benefit of time for repayment, enforcement of security interests and repayment in full in the event of a breach of the syndicated loan financial covenants are reiterated. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of breaching the syndicated loan financial covenants. - FY2017RestatedAnnual report
「If the Group's consolidated or non-consolidated results of operations or financial condition were to breach these covenants, the Group could lose the benefit of time for repayment and could face enforcement of security interests over pledged assets or demands for repayment in full, potentially affecting the Group's performance.」
The risks of loss of the benefit of time for repayment, enforcement of security interests and repayment in full in the event of a breach of the syndicated loan financial covenants are reiterated. - FY2016First statedAnnual report
「The company has entered into syndicated loan agreements with several financial institutions. These agreements contain certain financial covenants, which the Group must comply with in conducting its business. If the Group's consolidated or non-consolidated results of operations or financial condition were to breach these covenants, the Group could lose the benefit of time for repayment and could face enforcement of security interests over pledged assets or demands for repayment in full, potentially affecting the Group's performance and financial condition.」
The company does not disclose the specific financial covenant thresholds, but indicates the possibility of loss of the benefit of time for repayment, enforcement of security interests and repayment in full in the event of a breach.