Breach of financial covenants under syndicated loans
First written in FY2021-Q2. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 8 of 70 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of principal risks that management recognizes as potentially having a material impact on the company’s financial position, operating results and cash flows, or in the business risks described in the annual securities report for the previous fiscal year.」
The Company notes that there have been no material changes in its key risks, including the breach of financial covenants under syndicated loans. - FY2025-H1RestatedAnnual report
「During the interim accounting period 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 notes that there have been no material changes in its key risks, including the breach of financial covenants under syndicated loans. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no material changes in the occurrence of the key risks that management recognizes as potentially having a material impact on the filing company's financial position, operating results or cash flows, among the matters concerning the business and financial conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company notes that there have been no material changes in its key risks, including the breach of financial covenants under syndicated loans. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no material changes in the occurrence of the key risks that management recognizes as potentially having a material impact on the filing company's financial position, operating results or cash flows, among the matters concerning the business and financial conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company notes that there have been no material changes in its existing key risks, including the breach of financial covenants under syndicated loans. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no material changes in the occurrence of the key risks that management recognizes as potentially having a material impact on the filing company's financial position, operating results or cash flows, among the matters concerning the business and financial conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company notes that there have been no material changes in its existing key risks, including the breach of financial covenants under syndicated loans. - FY2021-Q3RestatedAnnual report
「As of the end of the second quarter, we were in breach of the financial covenants relating to ¥11,234 million in syndicated loans (as of 30 September 2020). However, there is no matter of concern because we have reached a substantive agreement with our lending financial institutions to refinance the loans, as described below.」
The Company continues to disclose the breach of financial covenants relating to ¥11,234 million in syndicated loans and its substantive agreement with its lending financial institutions to refinance the loans. - FY2021-Q2MaterialisedAnnual report
「At the end of the second-quarter reporting period, the Company was in breach of the financial covenants relating to the ¥11,234 million syndicated loan (as of the end of September 2020), but there are no matters of concern because it has reached a substantive agreement on refinancing with its lending financial institutions, as described below.」
The Company explicitly identifies the actual occurrence of a breach of financial covenants under ¥11,234 million in syndicated loans as a new financial risk. It also states that it has reached a substantive agreement with its lending financial institutions to refinance the loans.