Risk of Acceleration Due to Breach of Commitment Line Financial Covenants
First written in FY2019. 6 of 7 entries say "Restated". Latest entry: FY2024-Q2.
- FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risk of obligations becoming immediately due and payable under the financial covenants for the commitment lines. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risk of obligations becoming immediately due and payable under the financial covenants for the commitment lines. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes have been reported regarding the risk of obligations becoming immediately due and payable under the financial covenants for the commitment lines. - FY2021RestatedAnnual report
「The above commitment line agreements contain financial covenants under which all obligations under the agreements may become immediately due and payable if any of the conditions below is met.」
The risk of obligations becoming immediately due and payable if net assets fall below 75% of the immediately preceding fiscal year-end level or an ordinary loss is recorded for 2 consecutive fiscal years continues to be disclosed. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes have been reported regarding the risk of obligations becoming immediately due and payable under the financial covenants for the commitment lines. - FY2020RestatedAnnual report
「The above commitment line agreements contain financial covenants under which all obligations under the agreements may become immediately due and payable if any of the conditions below is met.」
The financial covenants under which obligations may become immediately due and payable if net assets fall below 75% of the immediately preceding fiscal year-end level or an ordinary loss is recorded for 2 consecutive fiscal years continue to be disclosed. - FY2019First statedAnnual report
「If total net assets on the consolidated balance sheet at the end of any consolidated fiscal year fall below 75% of total net assets on the consolidated balance sheet at the end of the immediately preceding consolidated fiscal year, or if the consolidated income statement records an ordinary loss for 2 consecutive fiscal years, all obligations under the agreement may become immediately due and payable.」
The commitment lines contain financial covenants under which all obligations may become immediately due and payable if net assets fall below 75% of the immediately preceding fiscal year-end level or an ordinary loss is recorded for 2 consecutive fiscal years.