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Nichiryoku (7578) · RiskMitigated

Financial covenants under the syndicated loan

First written in FY2016. 15 of 22 entries say "Mitigated", first in FY2019. Latest entry: FY2026.

22entries
11years
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ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q2MitigatedFY2019 – FY2021-Q2MitigatedFY2021 – FY20252016: 120162017: 120172018: 320182019: 220192020: 220202021: 420212022: 220222023: 220232024: 220242025: 220252026: 12026
Same theme, other companies
Risk of Loss of Benefit of Time Due to Breach of Financial CovenantsA theme 291 companies write about · 295 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 297 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement (term loan outstanding: ¥752 million; commitment line outstanding: ¥500 million)」

    The financial covenants remain in place, but the term loan balance has decreased from ¥1.079 billion in the previous disclosure to ¥752 million.
  2. FY2026-H1RestatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.15 billion; commitment line outstanding: ¥500 million)」

    The company continues to disclose financial covenants for the term loan and commitment line requiring net asset maintenance, no losses for 2 consecutive fiscal periods, and an interest-bearing debt-to-EBITDA ratio of 20 times or less.
  3. FY2025MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.079 billion; commitment line outstanding: ¥500 million)」

    The syndicated loan subject to financial covenants remains in place, but the term loan balance has decreased from ¥1.15 billion in the previous disclosure to ¥1.079 billion.
  4. FY2025-H1MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.15 billion; commitment line outstanding: ¥500 million)」

    The financial covenants remain in place, but outstanding term loan borrowings have decreased from ¥1.279 billion in the previous disclosure to ¥1.15 billion.
  5. FY2024-Q3MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.207 billion; commitment line outstanding: ¥500 million)」

    The financial covenants remain in place, but outstanding term loan borrowings have decreased from ¥1.279 billion in the previous disclosure to ¥1.207 billion.
  6. FY2024-Q2MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.279 billion; commitment line outstanding: ¥500 million)」

    The financial covenants remain in place, but outstanding term loan borrowings have decreased from ¥1.53 billion in the previous disclosure to ¥1.279 billion.
  7. FY2023-Q3MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.53 billion; commitment line outstanding: ¥500 million)」

    The financial covenants remain in place, but outstanding term loan borrowings have decreased from ¥1.591 billion in the previous disclosure to ¥1.53 billion.
  8. FY2023-Q1MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥1.591 billion; commitment line outstanding: ¥500 million)」

    The term loan balance of the syndicated loan subject to financial covenants has decreased from ¥2.031 billion in the previous disclosure to ¥1.591 billion.
  9. FY2022-Q3MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥2.031 billion; commitment line outstanding: ¥500 million)」

    The term loan balance of the new syndicated loan subject to financial covenants is ¥2.031 billion, down from the previous disclosure.
  10. FY2022-Q2MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥2.252 billion; commitment line outstanding: ¥500 million)」

    The new syndicated loan's financial covenants remain in place, but the term loan balance has decreased from ¥2.385 billion at the end of the previous fiscal year to ¥2.252 billion.
  11. FY2022-Q1MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥30 million) (2) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥2.385 billion; commitment line outstanding: ¥500 million)」

    Outstanding borrowings under the existing syndicated loan are ¥30 million, while the term loan balance under the new syndicated loan is ¥2.385 billion. The new loan balance has decreased from the end of the previous fiscal year, reducing the balance of borrowings subject to financial covenants.
  12. FY2021MitigatedAnnual report

    「(2) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥2.517 billion; commitment line outstanding: ¥500 million)」

    The new syndicated loan's financial covenants remain in place, but the term loan balance has decreased from ¥2.65 billion at the end of the third quarter to ¥2.517 billion.
  13. FY2021-Q3Added financial covenants for a new syndicated loanAnnual report

    「(2) Financial covenants relating to the syndicated loan agreement arranged by Tokyo Shinkin Bank, Resona Bank, and Sumitomo Mitsui Banking Corporation (term loan outstanding: ¥2.65 billion; commitment line outstanding: ¥500 million) a. If the amount of net assets in the non-consolidated balance sheet cannot be maintained at 75% or more of the larger of the amount at the end of the immediately preceding fiscal period or the amount at the end of the third quarter of the fiscal year ending March 2021. b. If a loss is recorded for ordinary income or loss in the non-consolidated income statement for 2 consecutive fiscal periods. c. If the interest-bearing debt-to-EBITDA ratio calculated using figures stated in the non-consolidated balance sheet and income statement cannot be maintained at 20 times or less.」

    In addition to the existing loans, the company discloses financial covenants for the new syndicated loan requiring net asset maintenance, no losses for 2 consecutive fiscal periods, and an interest-bearing debt-to-EBITDA ratio of 20 times or less.
  14. FY2021-Q2MitigatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥62 million)」

    The financial covenants remain in place, but outstanding borrowings under the existing syndicated loan have decreased from ¥94 million at the end of the previous fiscal year to ¥62 million.
  15. FY2020MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥94 million)」

    The financial covenants remain in place, but outstanding syndicated loan borrowings have decreased from ¥125 million in the previous disclosure to ¥94 million.
  16. FY2020-Q2MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥125 million)」

    The syndicated loan's financial covenants remain in place, but outstanding borrowings have decreased from ¥157 million in the previous disclosure to ¥125 million.
  17. FY2019MitigatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥157 million)」

    The syndicated loan's financial covenants remain in place, but outstanding borrowings have decreased from ¥188 million in the previous disclosure to ¥157 million.
  18. FY2019-Q2RestatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥188 million) a. If the amount of net assets in the non-consolidated balance sheet cannot be maintained at 75% or more of the larger of the amount at the end of the immediately preceding fiscal period or the amount at the end of the fiscal year ended March 2011. b. If a loss is recorded for ordinary income or loss in the non-consolidated income statement for 2 consecutive fiscal periods.」

    The company continues to disclose the covenants requiring net assets to be maintained at 75% or more and losses on ordinary income or loss for 2 consecutive fiscal periods for the syndicated loan, with ¥188 million in outstanding borrowings.
  19. FY2019-Q1RestatedAnnual report

    「(1) Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥220 million)」

    The company continues to disclose the covenants requiring net assets to be maintained at 75% or more and losses on ordinary income or loss for 2 consecutive fiscal periods for the syndicated loan, with ¥220 million in outstanding borrowings.
  20. FY2018RestatedAnnual report

    「Financial covenants relating to the syndicated loan agreement arranged by Yokohama Bank (outstanding borrowings: ¥220 million)」

    The company continues to disclose the covenants requiring net assets to be maintained at 75% or more and losses on ordinary income or loss for 2 consecutive fiscal periods for the syndicated loan, with ¥220 million in outstanding borrowings.
  21. FY2017RestatedAnnual report

    「If the amount of net assets in the non-consolidated balance sheet cannot be maintained at 75% or more of the larger of the amount at the end of the immediately preceding fiscal period or the amount at the end of the fiscal year ended March 2011. If a loss is recorded for ordinary income or loss in the non-consolidated income statement for 2 consecutive fiscal periods.」

    The net asset maintenance and 2-consecutive-period loss provisions of the Yokohama Bank syndicated loan continue to be disclosed.
  22. FY2016First statedAnnual report

    「If the amount of net assets in the non-consolidated balance sheet cannot be maintained at 75% or more of the larger of the amount at the end of the immediately preceding fiscal period or the amount at the end of the fiscal year ended March 2011. If a loss is recorded for ordinary income or loss in the non-consolidated income statement for 2 consecutive fiscal periods.」

    The net asset maintenance and consecutive-loss provisions are disclosed as events resulting in the loss of the benefit of time.
Moved together

"Debt Guarantees to Religious Corporations and Other Entities and Exposure to Development Projects" moved the same way as this thread, in the same document, in 14 of its 22 moves.

141310776★123456
  1. ★This thread
  2. 1Debt Guarantees to Religious Corporations and Other Entities and Exposure to Development Projects14×
  3. 2Financial Covenants as Guarantor of the Religious Corporation 威徳寺13×
  4. 3Securing Medium- to Long-Term Funding Capacity Through a Syndicated Loan10×
  5. 4Review of Advertising and Sales Strategies and Focus on Mid- to Long-Term Advertising Strategy7×
  6. 5Earnings Recovery Driven by New Development and Indoor Mausoleum Sales7×
  7. 6Management That Treats Securing Ordinary Income and Net Income as Its Overriding Imperative6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Financial covenants under the syndicated loan | NICHIRYOKU CO.,LTD. (7578) | Komori