Tay Two (7610) · RiskDropped
Breach of Financial Covenants in Loan Agreements
First written in FY2018-Q2. 1 of 2 entries say "Dropped", first in FY2023. Latest entry: FY2023.
2entries
7years
0from disclosures
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Same theme, other companies
Risk of Loss of Benefit of Term 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
- FY2023DroppedAnnual reportRegarding the breach of financial covenants under the loan agreements described previously, no reference to the breach could be confirmed in the risk or financial information sections of this securities report.
- FY2018-Q2First statedAnnual report
「The company became subject to breaches of financial covenants under loan agreements with certain financial institutions,」
Financial covenants apply to ¥571.674 million in long-term borrowings, including conditions relating to ordinary profit or loss, losses for 2 consecutive periods, and an inventory turnover period of 2.3 or less. The company states that a breach of these covenants occurred during the second quarter of the current fiscal year.