Discussions with financial institutions and preparation of a business rehabilitation plan under the Business Revitalization ADR procedure
First written in FY2021-Q3. 6 of 12 entries say "Restated". Latest entry: 2026-06-30.
No other company in this theme has enough history to compare yet.
- 2026-06-30SoftenedStatutory disclosure document
「(1) Extension of the agreement period Before the change: Until the end of June 2026 After the change: Until the end of June 2027」
The period of the inter-creditor agreement relating to the Business Revitalization ADR was extended to the end of June 2027. The original thread remains unchanged. - FY2026SoftenedAnnual report
「The company is negotiating with each financial institution to extend the original plan period by 1 year, to the fiscal year ending March 2027.」
The company is negotiating with financial institutions to extend the business rehabilitation ADR plan period by 1 year from the original schedule, through the fiscal year ending March 2027. - FY2025RestatedAnnual report
「Based on the Business Rehabilitation Plan agreed under the specified certified dispute resolution procedure pursuant to the Act on Strengthening Industrial Competitiveness, established on 20 April 2021, our Group is undertaking a fundamental review of its business structure aimed at returning to a growth trajectory, while working to achieve renewed growth through the deepening and evolution of its core businesses, with the goal of establishing a strong earnings base and fundamentally improving its financial position for future business rehabilitation.」
The company has continued business-structure reform, renewed growth in its core businesses and improvement of its financial position under the plan following completion of the business rehabilitation ADR proceedings. - FY2024-Q3RestatedAnnual report
「To establish a strong earnings base and fundamentally improve its financial position for future business rehabilitation, our Group formulated a draft Business Rehabilitation Plan while consulting with the relevant creditor financial institutions under the specified certified dispute resolution procedure pursuant to the Act on Strengthening Industrial Competitiveness, hereinafter referred to as the “business rehabilitation ADR procedure.” We received investigation, guidance and advice from the procedure administrator appointed by the Association of Business Rehabilitation Practitioners, an impartial and neutral organization. At the creditors’ meeting for resolution of this Business Rehabilitation Plan under the business rehabilitation ADR procedure held on 20 April 2021, the third creditors’ meeting, all relevant creditor financial institutions agreed to the plan, thereby completing the business rehabilitation ADR procedure.」
The company continues to present the completion of the business rehabilitation ADR proceedings and improvements in its earnings structure and financial position under the plan as the framework for its ongoing plan. - FY2024-Q2RestatedAnnual report
「As the company that submits consolidated financial statements, the Company is steadily implementing business revitalization under this business turnaround plan by fundamentally reviewing its business model for a return to a growth trajectory and achieving renewed growth through the deepening and evolution of its core businesses, while also implementing the following financial measures.」
Under the plan following completion of the business rehabilitation ADR proceedings, the company has continued to implement a fundamental review of its business structure, renewed growth in its core businesses and financial measures. - FY2024-Q1RestatedAnnual report
「As the company that submits consolidated financial statements, the Company is steadily implementing business revitalization under this business turnaround plan by fundamentally reviewing its business model for a return to a growth trajectory and achieving renewed growth through the deepening and evolution of its core businesses, while also implementing the following financial measures.」
Under the plan following completion of the business rehabilitation ADR proceedings, the company has continued to implement a fundamental review of its business structure, renewed growth in its core businesses and financial measures. - FY2023-Q2RestatedAnnual report
「To establish a robust earnings structure and fundamentally improve its financial position for future business rehabilitation, the group held talks with lending financial institutions that were creditors subject to the proceedings under specified certified dispute resolution procedures pursuant to the Act on Strengthening Industrial Competitiveness, known as business rehabilitation ADR proceedings, … formulated a business rehabilitation plan, and obtained the consent of all lending financial institutions at the third creditors' meeting held on 20 April 2021 to resolve the plan under the business rehabilitation ADR proceedings, thereby completing the proceedings.」
On the premise that the business rehabilitation ADR proceedings would be completed, the company has continued improving its earnings structure and financial position under the business rehabilitation plan. - FY2022-Q3RestatedAnnual report
「Based on this Business Rehabilitation Plan, our Group is steadily implementing business rehabilitation by fundamentally reviewing its business structure to return to a growth trajectory and achieving renewed growth through the deepening and evolution of its core businesses. We are also implementing the following financial measures.」
Following approval of the business rehabilitation ADR proceedings, the company has continued to review its business structure, pursue renewed growth through its core businesses and implement financial measures. - FY2022-Q2AdvancedAnnual report
「An overview of the financial measures under the business rehabilitation plan, including financial support through debt-to-equity conversions, is as follows.」
Following approval of the business rehabilitation ADR proceedings, the company concretely implemented ¥4,500 million in debt-to-equity conversions through Class D preferred shares, ¥1,500 million in investment through Class C preferred shares, a ¥500 million subordinated loan and funding through the 25th Series Stock Acquisition Rights. - FY2022-Q1AdvancedAnnual report
「On 20 April 2021, the company entered into an intercreditor agreement with 7 lending financial institutions. Following the consent of all financial institutions to the company's business rehabilitation plan at the third creditors' meeting held on the same day under the business rehabilitation ADR proceedings, the agreement established matters concerning implementation of the plan, financial support and repayment of borrowing obligations.」
After the business rehabilitation ADR plan was approved, the company entered into an intercreditor agreement with 7 financial institutions, establishing a framework for financial support, repayment and implementation of the plan. - FY2021AdvancedAnnual report
「On 20 April 2021, at the third creditors' meeting to resolve the proposed business rehabilitation plan under the business rehabilitation ADR proceedings, all lending financial institutions that were creditors subject to the proceedings gave their consent, completing the business rehabilitation ADR proceedings.」
The process advanced from the formal application for business rehabilitation ADR proceedings to the stage at which the business rehabilitation plan was approved with the consent of all financial institutions. - FY2021-Q3First statedAnnual report
「On 10 December 2020, the company formally applied for business rehabilitation ADR proceedings, a specified certified dispute resolution procedure under the Act on Strengthening Industrial Competitiveness, to the Japan Association of Turnaround Professionals, the approved operator of such proceedings. The application was accepted on the same day, and the company and the Japan Association of Turnaround Professionals jointly sent notices to all lending financial institutions requesting a standstill, including a temporary suspension of principal repayments.」
To facilitate talks with financial institutions, the company formally applied for business rehabilitation ADR proceedings on 10 December 2020. Following the first creditors' meeting on 24 December, the standstill period was extended until the resolution meeting scheduled for 20 April 2021.