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Onward Holdings (8016) · RiskMitigated

Financial constraint risk arising from borrowings subject to financial covenants

First written in FY2021. 2 of 4 entries say "Mitigated", first in FY2022. Latest entry: FY2026.

4entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2021MitigatedFY2022WorsenedFY20242021: 120212022: 120222023: 020232024: 120242025: 020252026: 12026
Same theme, other companies
Funding Constraints Associated with Financial Covenants and Receivables SecuritizationA theme 126 companies write about · 128 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 23 of 75 companies on the "Worse" side.

28 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 126 companies compared. The sentences above are computed from all 126.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Short-term borrowings ¥1,560 million ¥780 million Long-term borrowings ¥988.9 million ¥706.6 million」

    Borrowings subject to financial covenants comprised short-term borrowings of ¥780 million and long-term borrowings of ¥706.6 million, down from total borrowings of ¥2,548.9 million at the end of the previous fiscal year to ¥1,486.6 million.
  2. FY2024WorsenedAnnual report

    「The balances of borrowings subject to financial covenants at the end of the previous consolidated fiscal year and the current consolidated fiscal year are as follows.」

    Borrowings subject to financial covenants comprised short-term borrowings of ¥1,248 million and long-term borrowings of ¥405.5 million, increasing from total borrowings subject to covenants of ¥690 million at the end of the previous fiscal year. Exposure to financial constraints has expanded again.
  3. FY2022MitigatedAnnual report

    「The balances of borrowings subject to financial covenants at the end of the previous consolidated fiscal year and the current consolidated fiscal year are as follows.」

    Borrowings subject to financial covenants decreased from ¥3,534 million at the end of the previous fiscal year to ¥690 million at the end of the current fiscal year, reducing exposure to financial constraints.
  4. FY2021First statedAnnual report

    「Certain borrowings from financial institutions are subject to financial covenants requiring the company to maintain its consolidated and non-consolidated net assets and ordinary income or loss above specified levels.」

    Financial covenants require the company to maintain net assets and ordinary income or loss above specified levels, and borrowings subject to these covenants totaled ¥3,534 million at the end of the fiscal year.
Moved together

"Stable Earnings Growth Under the Medium-Term Management Plan" moved the same way as this thread, in the same document, in 2 of its 4 moves.

222222★123456
  1. ★This thread
  2. 1Stable Earnings Growth Under the Medium-Term Management Plan2×
  3. 2Enhancing Core Brand Product Value and Expanding Customer Services2×
  4. 3Strengthening the E-Commerce Business2×
  5. 4Expansion of the European Production Base and Restructuring of the North American and Asian Businesses2×
  6. 5Improving Profitability Through Business Structure Reform2×
  7. 6Business Expansion into Non-Apparel Fields2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Onward Holdings yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Financial constraint risk arising from borrowings subject to financial covenants | ONWARD HOLDINGS CO.,LTD. (8016) | Komori