Financial covenant risk associated with borrowings subject to financial covenants
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the matters concerning business conditions, financial conditions and other items described in this interim report that management recognizes as major risks potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, nor in the “Business and Other Risks” described in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes regarding financial covenant risk associated with borrowings subject to financial covenants. - FY2025First statedAnnual report
「Maintain the amount of net assets in the net assets section of the consolidated balance sheet at not less than 75% of the higher of the amount at the end of the immediately preceding fiscal period or the amount at the end of the fiscal year ended March 2024.」
For borrowings of ¥278,568 thousand entered into in September 2024, the company has newly disclosed financial covenants requiring net assets to be maintained at 75% or more and prohibiting ordinary losses for 2 consecutive periods.