Material Doubt About Going-Concern Status Due to Recurring Operating and Net Losses
First written in FY2018-Q1. 6 of 12 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2021.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
21 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual report
「For the current consolidated fiscal year, net sales were ¥3,039.041 million, down 5.9% from the previous fiscal year, operating income was ¥106.225 million, up 334.8%, ordinary income was ¥109.438 million, up 309.4%, and net income attributable to owners of the parent was ¥108.305 million, up 274.1%.」
The annual securities report contains no apparent reference to the substantial doubt about the going-concern assumption that was disclosed through the previous quarter. - FY2020-Q3RestatedAnnual report
「The group continuously posted operating losses and net losses attributable to owners of the parent through the 32nd consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption. However, in the 33rd consolidated fiscal year, it posted operating profit of ¥46 million and net income attributable to owners of the parent of ¥44 million, returning to profitability. In addition to holding ¥329 million in cash and deposits at the end of the third quarter of the current consolidated fiscal year, the group has secured the necessary funding capacity, including by entering into overdraft agreements to obtain working capital efficiently. As stated in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management (5) Material Events and Conditions," measures to resolve the material events and conditions concerned are being implemented. Accordingly, the group determined that no material uncertainty exists regarding the going-concern assumption and did not include a note in the quarterly consolidated financial statements.」
Although material events and conditions arising from continued losses through prior years remain disclosed, the determination that no material uncertainty exists regarding the going-concern assumption continues, based on the return to profitability in the 33rd fiscal year, secured funding capacity and implementation of remedial measures. - FY2020-Q2RestatedAnnual report
「The group continuously posted operating losses and net losses attributable to owners of the parent through the 32nd consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption. However, in the previous consolidated fiscal year, it posted operating profit of ¥46 million and net income attributable to owners of the parent of ¥44 million, returning to profitability.」
Although material events and conditions arising from continued losses through prior years remain disclosed, the determination that no material uncertainty exists continues, based on the return to profitability in the previous consolidated fiscal year, secured funding capacity and implementation of remedial measures. - FY2020-Q1MitigatedAnnual report
「The group continuously posted operating losses and net losses attributable to owners of the parent through the 32nd consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption. However, in the previous consolidated fiscal year, it posted operating profit of ¥46 million and net income attributable to owners of the parent of ¥44 million, returning to profitability. In addition to holding ¥356 million in cash and deposits at the end of the first quarter of the current consolidated fiscal year, the group has secured the necessary funding capacity, including by entering into overdraft agreements to obtain working capital efficiently. As stated in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management (5) Material Events and Conditions," measures to resolve the material events and conditions concerned are being implemented. Accordingly, the group determined that no material uncertainty exists regarding the going-concern assumption and did not include a note in the quarterly consolidated financial statements.」
The group posted an operating loss of ¥22 million and a quarterly net loss attributable to owners of the parent of ¥21 million in the first quarter, although the losses narrowed from the year-earlier period. Based on the return to profitability in the previous consolidated fiscal year, secured funding capacity and implementation of remedial measures, the determination that no material uncertainty exists regarding the going-concern assumption remains unchanged. - FY2019MitigatedAnnual report
「In the consolidated fiscal year, the group posted operating profit of ¥46 million and net income attributable to owners of the parent of ¥44 million, returning to profitability. In addition, because measures to resolve the material events and conditions concerned are being implemented, the group determined that no material uncertainty exists regarding the going-concern assumption and did not include a note in the consolidated financial statements.」
The group posted operating profit of ¥46 million and net income attributable to owners of the parent of ¥44 million for the full year, leading to the determination that no material uncertainty exists regarding the going-concern assumption. However, the filing states that efforts to address material events and conditions arising from losses through the previous consolidated fiscal year are continuing. - FY2019-Q3MitigatedAnnual report
「The group continuously posted operating losses and net losses through the previous consolidated fiscal year. In the first nine months of the current consolidated fiscal year, it posted operating profit of ¥41 million and quarterly net profit of ¥37 million. Although performance is showing signs of improvement year on year, circumstances that raise substantial doubt about the going-concern assumption still exist.」
The group posted operating profit of ¥41 million and quarterly net profit of ¥37 million, improving from losses in the year-earlier period, but circumstances that raise substantial doubt about the going-concern assumption remain. - FY2019-Q2MitigatedAnnual report
「In the first six months of the current consolidated fiscal year, the group posted operating profit of ¥26 million and quarterly net profit of ¥27 million. Although performance is showing signs of improvement year on year, circumstances that raise substantial doubt about the going-concern assumption still exist.」
The group posted operating profit of ¥26 million and quarterly net profit of ¥27 million, improving from losses in the year-earlier period, but circumstances that raise substantial doubt about the going-concern assumption remain. - FY2019-Q1MitigatedAnnual report
「The group has continuously posted operating losses and net losses through the previous consolidated fiscal year. In the first three months of the current consolidated fiscal year, it posted an operating loss of ¥37 million and a quarterly net loss of ¥35 million, creating circumstances that raise substantial doubt about the going-concern assumption.」
Although circumstances raising substantial doubt about the going-concern assumption remain, the losses narrowed to an operating loss of ¥37 million and a quarterly net loss of ¥35 million, from ¥69 million and ¥68 million, respectively, in the year-earlier period. - FY2018RestatedAnnual report
「The group has continued to post operating losses and net losses, creating circumstances that raise substantial doubt about the going-concern assumption.」
Continued operating and net losses have left circumstances that raise substantial doubt about the going-concern assumption in place for the full year. - FY2018-Q3WorsenedAnnual report
「The group has continuously posted operating losses and net losses through the previous consolidated fiscal year. In the first nine months of the current consolidated fiscal year, it posted an operating loss of ¥30 million and a quarterly net loss of ¥31 million, creating circumstances that raise substantial doubt about the going-concern assumption.」
Circumstances raising substantial doubt about the going-concern assumption continued, with the operating loss and net loss increasing from ¥14 million and ¥15 million, respectively, in the first six months to ¥30 million and ¥31 million, respectively, in the first nine months. - FY2018-Q2MitigatedAnnual report
「The group has continuously posted operating losses and net losses through the previous consolidated fiscal year. In the first six months of the current consolidated fiscal year, it posted an operating loss of ¥14 million and a quarterly net loss of ¥15 million, creating circumstances that raise substantial doubt about the going-concern assumption.」
Although substantial doubt about the going-concern assumption remains, the operating loss narrowed from ¥69 million in the first quarter to ¥14 million, while the net loss narrowed from ¥68 million to ¥15 million. - FY2018-Q1First statedAnnual report
「The Group had recorded operating losses and net losses continuously through the previous fiscal year, and recorded an operating loss of ¥69 million and a quarterly net loss of ¥68 million during the first quarter cumulative period, creating circumstances that raised significant doubt about the going-concern assumption.」
The company disclosed recurring operating and net losses through the previous fiscal year and operating and quarterly net losses of ¥69 million and ¥68 million in the current quarter. However, it determined that no material uncertainty existed because funding facilities had been secured and countermeasures were being implemented.