Funding risk due to interest rate fluctuations and financial covenants
First written in FY2016. 9 of 19 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2025: 23 of 75 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Total commitment line limit 11,000 Drawn borrowings － Difference 11,000」
The position of a ¥11 billion commitment line limit and zero drawn borrowings has been reconfirmed. - FY2023MitigatedAnnual report
「Total commitment line limit 11,000 Drawn borrowings － Difference 11,000」
The commitment line limit is ¥11 billion and drawn borrowings are zero, maintaining the zero drawn-borrowings position from the previous fiscal year. - FY2021Lower borrowings alongside an expanded commitment lineAnnual report
「Total commitment line limit 24,000 36,000 Drawn borrowings 16,000 － Difference 8,000 36,000」
Drawn borrowings decreased from ¥16 billion at the end of the previous fiscal year to zero, while the commitment line limit expanded from ¥24 billion to ¥36 billion. - FY2021-Q3WorsenedAnnual report
「The commitment line agreement entered into with 5 relationship banks, with a limit of ¥36 billion, and the ¥15 billion financing agreement entered into with 2 relationship banks contain financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period. The balance of borrowings subject to the financial covenants was ¥23.5 billion in the previous consolidated fiscal year and ¥31.25 billion as of the end of the third quarter of the current consolidated fiscal year.」
The balance of borrowings subject to the financial covenants increased from ¥23.5 billion at the end of the previous consolidated fiscal year to ¥31.25 billion, indicating increased borrowing exposure. - FY2021-Q2WorsenedAnnual report
「The commitment line agreement entered into with 5 relationship banks, with a limit of ¥36 billion, and the ¥15 billion financing agreement entered into with 2 relationship banks contain financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period. The balance of borrowings subject to the financial covenants was ¥23.5 billion in the previous consolidated fiscal year and ¥32 billion as of the end of the second quarter of the current consolidated fiscal year.」
The balance of borrowings subject to the financial covenants increased from ¥23.5 billion at the end of the previous consolidated fiscal year to ¥32 billion, indicating increased borrowing exposure. - FY2021-Q1WorsenedAnnual report
「The commitment line agreement entered into with 5 relationship banks, with a limit of ¥36 billion, and the ¥15 billion financing agreement entered into with 2 relationship banks contain financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period.」
The commitment line limit is stated as ¥36 billion and the financing agreement as ¥15 billion, while the balance of borrowings subject to the financial covenants increased from ¥23.5 billion at the end of the previous consolidated fiscal year to ¥28.75 billion at the end of the current quarter. - FY2020-Q3MitigatedAnnual report
「Short-term borrowings 7,500 14,000 Long-term borrowings 10,500 8,250 (of which, long-term borrowings due for repayment within one year) (3,000) (3,000) Total 18,000 22,250」
The balance of borrowings subject to the financial covenants decreased from ¥23 billion in the previous quarter to ¥22.25 billion. However, the commitment line and financing agreement remain subject to financial covenants. - FY2020-Q2MitigatedAnnual report
「Short-term borrowings 7,500 14,000 Long-term borrowings 10,500 9,000 (of which, long-term borrowings due for repayment within one year) (3,000) (3,000) Total 18,000 23,000」
The balance of borrowings subject to the financial covenants increased from ¥18 billion at the end of the previous consolidated fiscal year to ¥23 billion, but decreased from ¥23.75 billion in the previous quarter. The commitment line and financing agreement remain subject to financial covenants. - FY2020-Q1WorsenedAnnual report
「The balance of borrowings subject to the financial covenants is as follows. (Unit: millions of yen) Previous consolidated fiscal year (31 March 2019) First quarter of the current consolidated fiscal year (30 June 2019) Short-term borrowings 7,500 14,000 Long-term borrowings 10,500 9,750 (of which, long-term borrowings due for repayment within one year) (3,000) (3,000) Total 18,000 23,750」
The balance of borrowings subject to the financial covenants increased from ¥18 billion at the end of the previous consolidated fiscal year to ¥23.75 billion. The commitment line and financing agreement remain subject to the covenants. - FY2019MitigatedAnnual report
「The balance of borrowings subject to the financial covenants at the end of the consolidated fiscal year is as follows. Short-term borrowings 7,500 Long-term borrowings 10,500 (of which, long-term borrowings due for repayment within one year) (3,000) Total 18,000」
The balance of borrowings subject to the financial covenants decreased from ¥22.5 billion at the end of the previous consolidated fiscal year to ¥18 billion. The ¥24 billion commitment line and ¥15 billion financing agreement remain subject to the covenants. - FY2019-Q3WorsenedAnnual report
「The balance of borrowings subject to the financial covenants is as follows. (Unit: millions of yen) Previous consolidated fiscal year Third quarter of the current consolidated fiscal year Short-term borrowings 9,000 15,000 Long-term borrowings 13,500 11,250 (of which, long-term borrowings due for repayment within one year) (3,000) (3,000) Total 22,500 26,250」
The balance of borrowings subject to the financial covenants increased from ¥22.5 billion at the end of the previous consolidated fiscal year to ¥26.25 billion at the end of the third quarter of the current fiscal year. The commitment line and financing agreement remain subject to financial covenants. - FY2019-Q2MitigatedAnnual report
「The balance of borrowings subject to the financial covenants is as follows. Short-term borrowings 10,000 Long-term borrowings 12,000 Total 22,000」
The balance of borrowings subject to the financial covenants decreased from ¥22.5 billion at the end of the previous consolidated fiscal year to ¥22 billion. However, the ¥24 billion commitment line and ¥15 billion financing agreement remain subject to financial covenants. - FY2019-Q1MitigatedAnnual report
「The commitment line agreement entered into with 3 relationship banks, with a limit of ¥9.5 billion, and the ¥15 billion financing agreement entered into with 2 relationship banks contain financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period. The balance of borrowings subject to the financial covenants was ¥22.5 billion in the previous consolidated fiscal year and ¥22.25 billion as of the end of the first quarter of the current consolidated fiscal year.」
The balance of borrowings subject to the financial covenants decreased from ¥22.5 billion at the end of the previous consolidated fiscal year to ¥22.25 billion. However, the commitment line and financing agreement remain subject to financial covenants. - FY2018-Q3MitigatedAnnual report
「The balance of borrowings subject to the financial covenants is as follows.」
The balance of borrowings subject to the financial covenants was ¥23.25 billion, down from ¥24 billion stated for the previous quarter. However, it remains above the ¥16 billion at the end of the previous consolidated fiscal year. - FY2018-Q2WorsenedAnnual report
「The balance of borrowings subject to the financial covenants is as follows.」
The balance of borrowings subject to the financial covenants increased from ¥16 billion at the end of the previous consolidated fiscal year to ¥24 billion. This is close to the commitment line limit of ¥24.5 billion. - FY2018-Q1WorsenedAnnual report
「The balance of borrowings subject to the financial covenants is as follows.」
The balance of borrowings subject to the financial covenants increased from ¥16 billion at the end of the previous consolidated fiscal year to ¥19.9 billion. The commitment line limit is ¥24.5 billion, indicating increased borrowing exposure subject to the covenants. - FY2017WorsenedAnnual report
「The commitment line agreement entered into with 3 relationship banks, with a limit of ¥24.5 billion, contains financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period.」
The total balance of borrowings subject to the financial covenants was ¥16 billion, up from ¥11.6 billion previously. Drawn borrowings also amounted to ¥18.5 billion, and the aggregate commitment line limit was ¥29.5 billion. - FY2017-Q3WorsenedAnnual report
「The commitment line agreement entered into with 3 relationship banks, with a limit of ¥24.5 billion, contains financial covenants based on certain indicators calculated from items including the amount of net assets in the consolidated balance sheet and operating income in the consolidated income statement for each quarterly and annual financial period.」
The commitment line limit is stated as ¥24.5 billion, and the balance of borrowings subject to the financial covenants as ¥11.6 billion. The amounts disclosed this time have increased from the previously stated limit of ¥9.5 billion and subject borrowings of ¥6 billion. - FY2016First statedAnnual report
「Because our group finances part of its real estate acquisitions through borrowings from financial institutions and bonds, fluctuations in current interest-rate levels may affect our group's results. In addition, some borrowings are subject to financial covenants. If these covenants are breached, matters such as higher borrowing rates and loss of the benefit of time for repayment may affect our group's results and financial position.」
The commitment line limit is stated as ¥9.5 billion, and the balance of borrowings subject to the covenants as ¥6 billion.