Risk of acceleration following a breach of financing covenants
First written in FY2022. 8 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The borrowings described in “II. Business Overview, 5. Material Contracts” are subject to various covenants, including financial covenants. If any covenant is breached, the company could lose the benefit of time with respect to the relevant debt, which could consequently affect its financial position.」
The company continues to disclose the risk of loss of the benefit of time due to a breach of financing covenants. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the financial position, operating results or cash flows of the filing company, among the matters relating to the business and accounting situation described in this interim report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the major risks, including the risk of losing the benefit of time due to a breach of covenants attached to its financing. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the financial position, operating results or cash flows of the filing company, among the matters relating to the business and accounting situation described in this interim report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the major risks, including the risk of losing the benefit of time due to a breach of covenants attached to its financing. - FY2024RestatedAnnual report
「The borrowings described in “II. Business Overview, 5. Material Contracts Relating to Management” are subject to various covenants, including financial covenants. If any covenant is breached, the company may lose the benefit of time with respect to the relevant debt, which could affect its financial position.」
The company continues to disclose the risk of loss of the benefit of time due to a breach of financing covenants. - FY2024-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the major risks, including the risk of loss of the benefit of time due to a breach of financing covenants. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the major risks, including the risk of loss of the benefit of time due to a breach of financing covenants. - FY2024-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the major risks, including the risk of loss of the benefit of time due to a breach of financing covenants. - FY2023-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the major risks, including the risk of loss of the benefit of time due to a breach of financing covenants. - FY2022First statedAnnual report
「The borrowings described in “II. Business Overview, 4. Material Contracts Relating to Management” are subject to various covenants, including financial covenants. If any covenant is breached, the company may lose the benefit of time with respect to the relevant debt, which could affect its financial position.」
The company disclosed, as a new financing risk, the possibility that a breach of financial covenants and other restrictions attached to borrowings using a real estate trust or other financing could result in the loss of the benefit of time and affect its financial position.