Term Loan with Financial Covenants
First written in FY2020. 1 of 5 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1New term loan agreement and updated financial covenantsAnnual report
「The company has entered into a term loan agreement with The Chugoku Bank, Ltd. acting as agent. The details are as follows: (2) Agreement date 25 September 2025 (3) Repayment date 29 September 2028 (4) Principal amount ¥2,300 million (6) Financial provisions (financial covenants)」
The company has disclosed a new term loan agreement entered into on 25 September 2025, with a principal amount of ¥2.3 billion and a repayment date of 29 September 2028. The agreement also includes financial covenants relating to net assets after adding back cumulative impairment charges and ordinary income or loss. - FY2024Change in the composition of outstanding balances following repayment of the existing term loanAnnual report
「Among the borrowings, the term loan agreement entered into on 24 March 2022 with The Chugoku Bank, Ltd. acting as agent, with an outstanding balance of ¥1,359.375 million and a repayment date of 27 June 2031, is subject to the following financial covenants.」
Of the multiple term loans disclosed in the previous fiscal year, the outstanding balance of the loan under the agreement dated 24 March 2022 was ¥1,359.375 million at the end of the fiscal year ending March 2024, while the agreement with a repayment date in 2025 had a separate remaining balance of ¥2.4 billion. The financial covenant provisions remain unchanged. - FY2022Addition of a new term loan and financial covenantsAnnual report
「Among the borrowings, the term loan agreement entered into on 24 March 2022 with The Chugoku Bank, Ltd. acting as agent, with an outstanding balance of ¥500 million and a repayment date of 27 March 2024, is subject to the following financial covenants.」
In addition to the existing ¥2,400 million term loan, the new term loan entered into on 24 March 2022, with an outstanding balance of ¥500 million and a repayment date of 27 March 2024, is also subject to financial covenants. - FY2021RestatedAnnual report
「The term loan, with an outstanding balance of ¥2,400 million and a repayment date of 27 September 2022, is subject to the following financial covenants.」
Financial covenants relating to ordinary income or loss and net assets remain disclosed for the ¥2,400 million term loan. - FY2020First statedAnnual report
「Among the borrowings for the consolidated fiscal year ended 31 March 2020, the term loan agreement entered into on 25 September 2019 with The Chugoku Bank, Ltd. acting as agent, with an outstanding balance of ¥2,400 million and a repayment date of 27 September 2022, is subject to the following financial covenants.」
The company has disclosed financial covenants for the ¥2,400 million term loan, including a requirement not to report a loss in ordinary income or loss for 2 consecutive fiscal years and to maintain standalone net assets of at least ¥10 billion and consolidated net assets of at least ¥13 billion.