Subsidiary Breaches of Financial Covenants and Lender Consents
First written in FY2021. 4 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「There were no long-term borrowings recorded on the consolidated statement of financial position that were in breach of financial covenants as of the end of the consolidated fiscal year.」
The company has reconfirmed that there were no breaches of financial covenants as of the end of the current fiscal year. - 2026-06-04RestatedGeneral Meetings of Shareholders
「At the end of the fiscal year under review, there were no borrowings in breach of financial covenants,」
The Company reconfirmed that there were no breaches of financial covenants. - FY2025RestatedAnnual report
「There were no long-term borrowings recorded on the consolidated statement of financial position that were in breach of financial covenants as of the end of the consolidated fiscal year.」
The company has reconfirmed that there were no breaches of financial covenants as of the end of the current fiscal year. - FY2024RestatedAnnual report
「There were no long-term borrowings recorded on the consolidated statement of financial position that were in breach of financial covenants as of the end of the consolidated fiscal year.」
The company has reconfirmed that neither it nor its subsidiaries were in breach of any financial covenants as of the end of the consolidated fiscal year. - FY2023MitigatedAnnual report
「As of the end of the consolidated fiscal year, we were not in breach of any financial covenants.」
The company states that the subsidiary's breach of financial covenants in the previous fiscal year was no longer in breach as of the end of the current fiscal year. - FY2022MitigatedAnnual report
「As of the end of the consolidated fiscal year, we were not in breach of any financial covenants.」
The company states that the subsidiary's breach of financial covenants in the previous fiscal year was no longer in breach as of the end of the current fiscal year. - FY2021MaterialisedAnnual report
「Although financial covenants were breached at the end of the fiscal year in each case, the Group obtained consent from its relationship banks and other lenders not to treat the breaches as events triggering loss of the benefit of time.」
States that financial covenant breaches occurred at NFC Holdings, Hoken Minaoshi Honpo and Premium Water Holdings,Inc., but lenders consented not to treat them as events triggering acceleration.