Debt Guarantees for Borrowings by U.S. Subsidiaries and Financial Covenants
First written in FY2017-Q1. 11 of 17 entries say "Restated". Latest entry: FY2026.
Nagano Keiki moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 12 of 49 companies on the "Worse" side.
78 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Ashcroft Nagano-Keiki Holdings,Inc. ¥7,003.182 million」
The guarantee amount for the US subsidiary decreased from the equivalent of ¥7,354 million in the previous period to the equivalent of ¥7,003 million, and the guarantee commitment amount also decreased from US$49.2 million to US$43.8 million. - FY2024MitigatedAnnual report
「Ashcroft Nagano-Keiki Holdings,Inc. 7,084,584 (Note 2)」
The guarantee amount for Ashcroft Nagano-Keiki Holdings,Inc. increased on a yen-converted basis from ¥6,475 million in the previous period to ¥7,084 million, while the guarantee commitment amount decreased from US$48.5 million to US$46.8 million. - FY2023Guarantee amount for the US subsidiary increased to US$48.5 millionAnnual report
「Ashcroft Nagano-Keiki Holdings,Inc. 6,475,720 (Note 3)」
The guarantee amount for the US subsidiary increased from the equivalent of US$37.75 million in the previous period to the equivalent of US$48.5 million. - FY2022Guarantee amount for the US subsidiary increased furtherAnnual report
「Ashcroft Nagano-Keiki Holdings,Inc. 3,368,460 (Note 3)」
As a guarantee liability of the Company, the guarantee amount for Ashcroft Nagano-Keiki Holdings,Inc. increased from the equivalent of US$33 million in the previous period to the equivalent of US$37.75 million. - FY2020Guarantee amount for the US subsidiary increasedAnnual report
「Ashcroft Nagano-Keiki Holdings,Inc. 3,368,460 (Note 3)」
The guarantee amount for borrowings by the US subsidiary increased from the equivalent of US$28 million in the previous period to the equivalent of US$31 million. - FY2020-Q2RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
Disclosure of the financial covenants concerning net assets and ordinary income or loss and the guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary has continued, and no covenant breach had occurred as of the end of the second quarter of the current consolidated fiscal year. - FY2020-Q1RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
Disclosure of the financial covenants concerning net assets and ordinary income or loss and the guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary has continued, and no covenant breach had occurred as of the end of the first quarter of the current consolidated fiscal year. - FY2019-Q3RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
Disclosure of the financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary has continued, and no covenant breach had occurred as of the end of the third quarter of the current consolidated fiscal year. - FY2019-Q1RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
Disclosure of the financial covenants concerning net assets and ordinary income or loss attached to the guarantees for borrowings by the US subsidiary has continued, and no covenant breach had occurred as of the end of the first quarter of the current consolidated fiscal year. - FY2018RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
Disclosure of the guarantees for borrowings by the US subsidiary and the financial covenants concerning net assets and ordinary income or loss has continued, and no covenant breach had occurred as of the end of the current consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the end of the third quarter of the current consolidated fiscal year. - FY2018-Q2RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the end of the second quarter of the current consolidated fiscal year. - FY2018-Q1RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the end of the current quarter. - FY2017RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitments attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the fiscal year-end. - FY2017-Q3RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the end of the third quarter of the current consolidated fiscal year. - FY2017-Q2RestatedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The financial covenants and guarantee commitment amounts attached to the guarantees for borrowings by the US subsidiary remain in effect, and no covenant breach had occurred as of the end of the second quarter of the current consolidated fiscal year. - FY2017-Q1First statedAnnual report
「Guarantee commitment of US$18,000,000.00 for the term loan agreement of subsidiary Ashcroft-Nagano Keiki Holdings,Inc.」
The Company discloses, among other conditions, requirements to maintain consolidated net assets at more than 75% and ¥12.8 billion of the amount at the end of the immediately preceding fiscal year, and standalone net assets at more than 75% and ¥10.3 billion of that amount, in connection with guarantees for borrowings by a US subsidiary.