Financial Covenants on Borrowings and Risk of Loss of Benefit of Time
First written in FY2017-Q1. 9 of 24 entries say "Restated". Latest entry: FY2027-H1.
- FY2027-H1WorsenedAnnual report
「The details and other information concerning the borrowing agreements entered into by the Company that contain financial covenants are as follows.」
The balance at the end of the current interim period of borrowings subject to financial covenants totaled approximately ¥16,390 million based on the amounts shown in the table, up from approximately ¥16,060 million at the end of the previous fiscal year. The special terms require net assets to be maintained at 75% or more and prohibit ordinary profit or loss from being in the red for 2 consecutive periods. - FY2026WorsenedAnnual report
「Some of the borrowings from financial institutions are subject to financial covenants, and the balance of the relevant borrowings was ¥16,057 million at the end of the fiscal year. If these borrowings breach the financial covenants, the Company will lose the benefit of time, which could affect its cash management.」
The balance of borrowings subject to financial covenants increased from ¥15,169 million in the previous fiscal year to ¥16,057 million. No covenant breaches or loss of the benefit of time are reported. - FY2025WorsenedAnnual report
「Some of the borrowings from financial institutions are subject to financial covenants, and the balance of the relevant borrowings was ¥15,169 million at the end of the fiscal year.」
The balance of borrowings subject to financial covenants increased from ¥14,114 million in the previous fiscal year to ¥15,169 million. No covenant breaches or loss of the benefit of time are reported. - FY2024WorsenedAnnual report
「Some of the borrowings from financial institutions are subject to financial covenants, and the balance of the relevant borrowings was ¥14,114 million at the end of the fiscal year.」
The balance of borrowings subject to financial covenants increased from ¥13,248 million in the previous fiscal year to ¥14,114 million. No covenant breaches or loss of the benefit of time are reported. - FY2023MitigatedAnnual report
「Some of the borrowings from financial institutions are subject to financial covenants, and the balance of the relevant borrowings was ¥13,248 million at the end of the fiscal year.」
The balance of borrowings subject to financial covenants decreased from ¥15,437 million in the previous fiscal year to ¥13,248 million. No covenant breaches or loss of the benefit of time are reported. - FY2022MitigatedAnnual report
「Some of the borrowings from financial institutions are subject to financial covenants, and the balance of the relevant borrowings was ¥15,437 million at the end of the fiscal year.」
The balance of borrowings subject to financial covenants decreased from ¥15,584 million at the end of the previous fiscal year to ¥15,437 million. No covenant breaches or loss of the benefit of time are reported. - FY2021WorsenedAnnual report
「The balance of the relevant borrowings was ¥15,584 million at the end of the fiscal year. If these borrowings breach the financial covenants, the Company will lose the benefit of time, which could affect its cash management.」
The balance of borrowings subject to financial covenants was ¥15,584 million, up from ¥15,187 million at the end of the previous fiscal year. No covenant breaches or loss of the benefit of time are reported. - FY2021-Q3MitigatedAnnual report
「If the relevant provision is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The total disclosed balance of borrowings subject to financial covenants was approximately ¥15,578 million, down from approximately ¥16,029 million at the end of the previous quarter. No covenant breaches or loss of the benefit of time are reported. - FY2021-Q2WorsenedAnnual report
「If the relevant provision is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The total disclosed balance of borrowings subject to financial covenants increased from approximately ¥15,474 million at the end of the previous fiscal year to approximately ¥16,029 million at the end of the second quarter accounting period. No covenant breaches or loss of the benefit of time are reported. - FY2021-Q1MitigatedAnnual report
「If the relevant provision is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The balances of borrowings subject to financial covenants have been updated, and the balances of major syndicated loans and other borrowings have decreased from the end of the previous fiscal year. No covenant breaches or loss of the benefit of time are reported. - FY2020-Q3MitigatedAnnual report
「If the relevant provision is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
Based on the disclosed amounts, the total balance of borrowings subject to financial covenants was approximately ¥15,171 million, a slight decrease from approximately ¥15,187 million at the end of the previous fiscal year. No covenant breaches or loss of the benefit of time are reported. - FY2020-Q1WorsenedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The total balance of borrowings subject to financial covenants increased from approximately ¥15,187 million at the end of the previous fiscal year to approximately ¥15,765 million at the end of the first quarter. No covenant breaches or loss of the benefit of time are reported. - FY2019MitigatedAnnual report
「The balance of the relevant borrowings was ¥15,187 million at the end of the fiscal year. If these borrowings breach the financial covenants, the Company will lose the benefit of time, which could affect its cash management.」
The balance of borrowings subject to financial covenants decreased from ¥18,415 million at the end of the previous fiscal year to ¥15,187 million. No covenant breaches or loss of the benefit of time are reported. - FY2019-Q3RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. No breaches of the covenants are reported this time either. - FY2019-Q2RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. No breaches of the covenants are reported this time either. - FY2019-Q1RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. No covenant breaches are reported this time either. - FY2018WorsenedAnnual report
「The balance of the relevant borrowings was ¥18,415 million at the end of the fiscal year. If these borrowings breach the financial covenants, the Company will lose the benefit of time, which could affect its cash management.」
The balance of borrowings subject to financial covenants was ¥18,415 million, up from ¥16,498 million at the end of the previous fiscal year. No covenant breaches or loss of the benefit of time are reported. - FY2018-Q3RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. Borrowing balances have been updated, but no covenant breaches are reported. - FY2018-Q2RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. Although the balances of individual borrowings have been updated, no material changes or covenant breaches are reported. - FY2018-Q1RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. It states that there have been no material changes or material events this time either. - FY2017RestatedAnnual report
「The balance of the relevant borrowings was ¥16,498 million at the end of the fiscal year. If these borrowings breach the financial covenants, the Company will lose the benefit of time, which could affect its cash management.」
The Company continues to disclose borrowings subject to financial covenants and the potential loss of the benefit of time and impact on cash management if the covenants are breached. - FY2017-Q3RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. It states that no material events or other such developments have occurred and that there have been no material changes in the risks. - FY2017-Q2RestatedAnnual report
「Among the Company's short-term and long-term borrowings, the short-term and long-term borrowings described below are each subject to financial covenants. If any of these covenants is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
The Company continues to disclose financial covenants concerning the maintenance of net assets and ordinary profit or loss, as well as the risk of losing the benefit of time if the covenants are breached. Covenants are again disclosed for multiple borrowings, but the Company states that there have been no material changes in the risks or material events. - FY2017-Q1First statedAnnual report
「If the relevant provision is breached, the Company may lose the benefit of time with respect to the relevant borrowings.」
Multiple long-term and short-term borrowings and syndicated loans are subject to covenants requiring net assets to be maintained at 75% or more of the benchmark amount or at 80% or more of the level for the fiscal year ended February 2015, as well as covenants prohibiting ordinary profit or loss from being in the red for consecutive periods.