Financial Covenants under a Syndicated Loan Agreement
First written in FY2020-Q2. 5 of 14 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026-H1.
- FY2026-H1MitigatedAnnual report
「Current interim consolidated accounting period (31 August 2025) There are no applicable matters.」
It is stated that there were no applicable matters during the current interim consolidated accounting period concerning the syndicated loan financial covenants stated at the end of the previous consolidated fiscal year. - FY2025-H1RestatedAnnual report
「The borrowings under the syndicated loan agreement with 3 transaction banks are subject to the following financial covenants. 1. Net worth maintenance Maintain the net assets section of the consolidated balance sheet at each fiscal year-end at or above the higher of the amount equivalent to 75% of the net assets section at the end of February 2018 or at the end of the most recent fiscal year. 2. Profit maintenance The amount obtained by adding depreciation and amortization in the consolidated statement of cash flows to ordinary income or loss in the consolidated statement of income for each fiscal year must not be negative for 2 consecutive periods.」
The financial covenants under the syndicated loan, requiring net worth to be maintained at 75% or more and imposing profit maintenance requirements, continue to be stated. - FY2024-Q2RestatedAnnual report
「The borrowings under the syndicated loan agreement with 3 transaction banks are subject to the following financial covenants. 1. Net worth maintenance Maintain the net assets section of the consolidated balance sheet at each fiscal year-end at or above the higher of the amount equivalent to 75% of the net assets section at the end of February 2018 or at the end of the most recent fiscal year. 2. Profit maintenance The amount obtained by adding depreciation and amortization in the consolidated statement of cash flows to ordinary income or loss in the consolidated statement of income for each fiscal year must not be negative for 2 consecutive periods.」
The financial covenants under the syndicated loan, requiring net worth to be maintained at 75% or more and imposing profit maintenance requirements, continue to be stated. - FY2023-Q1MitigatedAnnual report
「The Company has entered into a syndicated loan agreement with 3 transaction banks, but the commitment period expired during the current first quarter of the consolidated fiscal year.」
The commitment period under the syndicated loan agreement expired, and the total lending commitment, drawn amount and remaining commitment at the end of the current first quarter are each stated as “—”. - FY2022RestatedAnnual report
「Total lending commitment 6,000,000 ¥ thousands Drawn amount 4,940,000 4,640,000 Remaining commitment 1,060,000 1,360,000」
The syndicated loan agreement is stated as having a total commitment of ¥6,000 million, a drawn amount of ¥4,640 million, a remaining commitment of ¥1,360 million and financial covenants. - FY2022-Q3MitigatedAnnual report
「Total lending commitment 6,000,000 ¥ thousands 6,000,000 ¥ thousands Drawn amount 4,940,000 4,640,000 Remaining commitment 1,060,000 1,360,000」
The drawn amount under the syndicated loan decreased from ¥4,940 million at the end of the previous consolidated fiscal year to ¥4,640 million, while the undrawn balance increased to ¥1,360 million. The financial covenants remain unchanged. - FY2022-Q2MitigatedAnnual report
「Total lending commitment 6,000,000 ¥ thousands 6,000,000 ¥ thousands Drawn amount 4,940,000 4,640,000 Remaining commitment 1,060,000 1,360,000」
The drawn amount under the syndicated loan decreased from ¥4,940 million at the end of the previous consolidated fiscal year to ¥4,640 million, while the undrawn balance increased to ¥1,360 million. The financial covenants remain unchanged. - FY2022-Q1WorsenedAnnual report
「Total lending commitment 6,000,000 ¥ thousands Drawn amount 4,940,000 Remaining commitment 1,060,000」
The drawn amount under the syndicated loan was ¥4,940 million both at the end of the previous consolidated fiscal year and at the end of the current first quarter, up from the previously stated ¥4,640 million, leaving an undrawn balance of ¥1,060 million. The financial covenants remain in effect. - FY2021-Q3RestatedAnnual report
「Total lending commitment 6,000,000 ¥ thousands 6,000,000 ¥ thousands Drawn amount 2,840,000 4,640,000 Remaining commitment 3,160,000 1,360,000」
The drawn amount under the syndicated loan has remained at ¥4,640 million, up from ¥2,840 million at the end of the previous consolidated fiscal year, and the remaining commitment is ¥1,360 million. The financial covenants also remain unchanged. - FY2021-Q2WorsenedAnnual report
「Total lending commitment 6,000,000 ¥ thousands Drawn amount 4,640,000 Remaining commitment 1,360,000」
The drawn amount under the syndicated loan increased from ¥2,840 million at the end of the previous consolidated fiscal year to ¥4,640 million, reducing the undrawn balance to ¥1,360 million. The financial covenants remain in effect. - FY2021-Q1WorsenedAnnual report
「Total lending commitment 6,000,000 ¥ thousands Drawn amount 4,640,000 Remaining commitment 1,360,000」
The drawn amount under the syndicated loan increased from ¥2,840 million at the end of the previous consolidated fiscal year to ¥4,640 million, reducing the undrawn balance to ¥1,360 million. The financial covenants remain in effect. - FY2020WorsenedAnnual report
「Total lending commitment 6,000,000 thousand yen Drawn amount 2,840,000 Remaining commitment 3,160,000」
The drawn amount under the syndicated loan increased from ¥2,140 million in the third quarter to ¥2,840 million, leaving a remaining commitment of ¥3,160 million. The financial covenants remain in effect. - FY2020-Q3WorsenedAnnual report
「Total lending commitment 6,000,000 ¥ thousands Drawn amount 2,140,000 Remaining commitment 3,860,000 The agreement contains the following financial covenants.」
The drawn amount under the syndicated loan increased from ¥1,540 million in the previous quarter to ¥2,140 million, leaving a remaining commitment of ¥3,860 million. The financial covenants remain in effect. - FY2020-Q2First statedAnnual report
「The Company has entered into a syndicated loan agreement with 3 transaction banks. The undrawn balance under this agreement is as follows: total lending commitment, ¥6,000 million; drawn amount, ¥1,540 million; remaining commitment, ¥4,460 million. The agreement contains the following financial covenants. 1. Net worth maintenance: maintain the net assets section of the consolidated balance sheet of the Company group at each fiscal year-end at or above the higher of the amount equivalent to 75% of the net assets section at the end of February 2018 or at the end of the most recent fiscal year. 2. Profit maintenance: the amount obtained by adding depreciation and amortization in the consolidated statement of cash flows to ordinary income or loss stated in the consolidated statement of income for each fiscal year must not be negative for 2 consecutive periods.」
The syndicated loan agreement with 3 transaction banks is stated as having a total commitment of ¥6,000 million, a drawn amount of ¥1,540 million and a remaining commitment of ¥4,460 million. The financial covenants require net assets to be maintained at 75% or more of the reference amount and the amount obtained by adding depreciation and amortization to ordinary income or loss not to be negative for 2 consecutive periods.