CCN Group Corporation [131A.T]
TOKYO, Jun 26 (Pulse News Wire) – CCN Group Corporation (131A.T) amended its loan announcement made on February 13, 2026, due to the omission of important financial covenants related to the loan agreement. The amendment includes adding two key financial covenants to the existing loan contract.
The first covenant requires maintaining the consolidated net assets of the borrower and acquisition target companies at least at the higher amount between the previous fiscal year-end balance or March 2025's end-of-period balance. The second covenant stipulates that the borrower and acquisition target companies must avoid consecutive losses in ordinary income for two fiscal quarters beginning from April 2026, excluding interim periods.
Additionally, the company clarified that the simple consolidation method would be used for assessing compliance with these covenants. Under this method, the latest available financial statements submitted to lenders up to the reference month of the borrower’s fiscal period would be considered for evaluation.
As of now, CCN Group states there is no breach of these financial covenants.
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