Risk of Repayment Before Maturity Due to Breaches of Financial Covenants and Change of Control Provisions
First written in FY2026-H1. 4 of 5 entries say "Worsened", first in FY2026. Latest entry: 2026-10-27.
Es-Con Japan moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2017: 8 of 55 companies on the "Worse" side.
22 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「City banks, regional banks, cooperative financial institutions and Other 12 2026 24 March 22,700 2030 28 June Real estate for sale under development ① Consolidated net assets maintenance covenant ② COC provision Acceleration upon demand Es-con Co., Ltd. bonds 2nd series of unsecured bonds with an early redemption provision 2025 25 July 10,000 2030 25 July None ① COC provision Early redemption upon demand」
The Company disclosed ¥22,700 million in outstanding loans with financial covenants and ¥10,000 million in bonds with a COC provision, among other instruments, expanding its exposure to covenants and demands for early repayment. No breach of the covenants or demand for early repayment was reported. - FY2026-H1First statedAnnual report
「① Consolidated net assets maintenance covenant ② Consolidated profit maintenance covenant Acceleration upon demand ① COC provision Demand for early redemption (Note) COC provision: For the Company, this requires maintaining Chubu Electric Power Company,Incorporated’s equity interest at 50.1% or more.」
During the current interim period, the Company disclosed a ¥610 million loan agreement containing covenants requiring the maintenance of consolidated net assets and consolidated profit, bonds totaling ¥10 billion containing a COC provision, and a ¥22.7 billion loan agreement containing covenants requiring the maintenance of consolidated net assets and a COC provision. No breach of the covenants or demand for early repayment was reported.