Risk of Repayment of Borrowings following a Breach of Financial Covenants
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2017: 8 of 54 companies on the "Worse" side.
40 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although none of the financial covenants had been breached as of the date of submission of this document, if a breach of any financial covenant becomes unavoidable in the future due to factors such as our group's operating performance or financial condition, our group may lose the benefit of time with respect to the relevant borrowing and be required to repay the borrowing in full.」
While stating that there have been no breaches of financial covenants, reconfirms the risk of loss of the benefit of time and full repayment in the event of a breach. - FY2024First statedAnnual report
「Some borrowings from financial institutions are subject to financial covenants. Although none of these financial covenants has been breached as of the date of submission of this document since the company began raising funds from the relevant financial institutions, if a breach of any financial covenant becomes unavoidable in the future due to factors such as the company's operating performance or financial condition, the company may lose the benefit of time with respect to the relevant borrowing and be required to repay the borrowing in full.」
Newly discloses the financial covenants attached to borrowings and the risk of loss of the benefit of time and full repayment if they are breached in the future. States that there have been no breaches as of the date of submission.