Financial Covenants Attached to the Commitment Line
First written in FY2018-Q3. 18 of 22 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1ReframedAnnual report
「① From the 13th fiscal year (1 September 2023 to 31 August 2024) onward, the amount of net assets shown on the consolidated balance sheet at each consolidated fiscal year-end must be maintained at 75% or more of the amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2023. ② For 2 consecutive periods beginning with the 13th fiscal year (1 September 2023 to 31 August 2024), ordinary profit or loss shown on the consolidated income statement at each consolidated fiscal year-end must not be a loss for 2 consecutive periods. ③ For 2 consecutive periods beginning with the 13th fiscal year (1 September 2023 to 31 August 2024), profit or loss for the period shown on the consolidated income statement at each consolidated fiscal year-end must not be a loss for 2 consecutive periods.」
The wording describing the fiscal year from which the financial covenants apply and the base years has been updated, and 3 conditions are stated: maintaining net assets at 75% or more, and avoiding losses on ordinary profit or loss and profit or loss for the period for 2 consecutive periods. - FY2025-H1RestatedAnnual report
「① At the end of the fiscal year ending August 2024 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2023. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2024 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods. ③ Profit or loss for the period shown on the consolidated income statement at the end of the fiscal year ending August 2024 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants remain in effect, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss and profit or loss for the period to be avoided for 2 consecutive periods. - FY2024-Q3ReframedAnnual report
「① At the end of the fiscal year ending August 2024 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2023. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2024 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods. ③ Profit or loss for the period shown on the consolidated income statement at the end of the fiscal year ending August 2024 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The base years for the financial covenants have been updated to the fiscal years ending August 2024 and August 2023, and, in addition to the existing net asset maintenance and ordinary profit or loss conditions, a condition has been added prohibiting losses for 2 consecutive periods in profit or loss for the period. - FY2024-Q2RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2024-Q1RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2023-Q3RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods, remain in effect. - FY2023-Q2RestatedAnnual report
「The commitment line agreement is subject to the following financial covenants. ① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2022RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2022-Q3RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods, remain in effect. - FY2022-Q2RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods, remain in effect. - FY2022-Q1RestatedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The commitment line's financial covenants, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods, remain in effect. - FY2021-Q3ReframedAnnual report
「① At the end of the fiscal year ending August 2021 and each fiscal year-end thereafter, the total amount of net assets shown on the consolidated balance sheet must be maintained at 75% or more of the total amount of net assets shown on the consolidated balance sheet at the end of the fiscal year ended August 2020. ② Ordinary profit or loss shown on the consolidated income statement at the end of the fiscal year ending August 2021 and each fiscal year-end thereafter must not be a loss for 2 consecutive periods.」
The base years for the financial covenants have been updated from the fiscal years ended August 2018 and August 2017 to the fiscal years ending August 2021 and August 2020. The conditions requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain unchanged. - FY2021-Q2RestatedAnnual report
「The above commitment line agreement includes the following financial covenants: ① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2021-Q1RestatedAnnual report
「The above commitment line agreement includes the following financial covenants: ① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The financial covenants requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods remain in effect. - FY2020RestatedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The commitment line's financial covenants, requiring net assets to be maintained at 75% or more and losses on ordinary profit or loss to be avoided for 2 consecutive periods, remain in effect. - FY2020-Q3RestatedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The commitment line’s financial covenants continue to require net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years. - FY2020-Q1RestatedAnnual report
「The above commitment line agreement includes the following financial covenants: ① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The financial covenants requiring net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years continue to be documented. - FY2019RestatedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The commitment line’s financial covenants continue to require net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years. - FY2019-Q3RestatedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line continue to require consolidated net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years. - FY2019-Q2RestatedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The financial covenants attached to the commitment line continue to require consolidated net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years. - FY2018RestatedAnnual report
「For the consolidated fiscal year ended 31 August 2018, ① maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end 31 August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end 31 August 2017; and ② ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end 31 August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The commitment line’s financial covenants continue to require consolidated net assets to be maintained at 75% or more and losses in ordinary profit or loss to be avoided for 2 consecutive fiscal years. - FY2018-Q3First statedAnnual report
「① Maintain total consolidated net assets reported in the consolidated balance sheet at fiscal year-end 31 August 2018 and at the end of each subsequent fiscal year at 75% or more of total consolidated net assets reported at fiscal year-end 31 August 2017. ② Ensure that ordinary profit or loss reported in the consolidated income statement at fiscal year-end 31 August 2018 and at the end of each subsequent fiscal year does not constitute a loss for 2 consecutive fiscal years.」
The new global commitment line includes financial covenants requiring consolidated net assets to be maintained at 75% or more of the reference amount and preventing losses in ordinary profit or loss for 2 consecutive fiscal years.