Securing Operating Profit and Cash Flow and Building a Stable Earnings Base
First written in FY2016. 15 of 37 entries say "Restated". Latest entry: 2026-08-14.
The whole theme swung hardest in 2019: 12 of 77 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「There has been no change to the full-year consolidated earnings forecast announced in the “Summary of Financial Results for the Fiscal Year Ended March 2026” dated 15 May 2026.」
The full-year forecasts for the fiscal year ending March 2027 remain unchanged at revenue of ¥6,170 million, operating profit of ¥120 million, ordinary profit of ¥74 million and net profit attributable to owners of the parent of ¥6 million. - FY2026RaisedAnnual report
「The outlook for consolidated results for the next fiscal year as of the current date is as follows: Revenue ¥6,170 million Operating profit ¥120 million Ordinary profit ¥74 million Net income attributable to owners of the parent ¥6 million」
For the next fiscal year, the Company has newly provided an outlook of ¥6,170 million in revenue, ¥120 million in operating profit, ¥74 million in ordinary profit and ¥6 million in net income attributable to owners of the parent. - FY2026-H1AdvancedAnnual report
「Regarding profit and loss, selling, general and administrative expenses were ¥329 million, up ¥76 million year on year, resulting in operating profit of ¥65 million, compared with operating profit of ¥0 million in the same period of the previous year, and ordinary profit of ¥12 million, compared with an ordinary loss of ¥31 million. The interim net loss attributable to owners of the parent was ¥44 million, compared with an interim net loss of ¥58 million in the same period of the previous year.」
Operating profit improved from almost zero in the same period of the previous year to ¥65 million, while ordinary income improved from a loss of ¥31 million to a profit of ¥12 million. The interim net loss attributable to owners of the parent also narrowed from ¥58 million to ¥44 million, but the company has not yet achieved positive net income or positive cash flow from operating activities. - FY2025RaisedAnnual report
「Because the Group has reported operating losses for many years, consolidated net assets as of the end of March 2025 had been impaired to ¥738 million, making it difficult to restore consolidated net assets rapidly through operating performance alone. Accordingly, strengthening the significantly reduced consolidated net assets is an urgent issue for the Group to expand its business and strengthen its earning power, and it aims to reinforce consolidated net assets by carrying out a capital increase through the issuance of new shares at an early stage.」
Regarding the strengthening of its financial base, the Company has explicitly stated a policy of conducting a capital increase through an early issuance of new shares, rather than merely considering the possibility of a future capital increase, on the assumption that consolidated net assets of ¥738 million will be impaired. - FY2025-H1RestatedAnnual report
「As in the previous consolidated fiscal year, we will continue to scrutinize each project, reduce costs on an ongoing basis and improve profit margins. We will also actively pursue client development through energy-saving proposals for commercial facilities, food-related equipment and other applications, while building a structure to secure stable sales and profits. In the Renovation Business, which we entered in the fiscal year ended March 2023, we have established a structure capable of generating profits and will work to expand it further.」
The company continues to pursue the establishment of a stable earnings structure through rigorous project review, cost reductions, consultative sales and expansion of its renovation business. In the interim consolidated accounting period, operating profit was limited to ¥363 thousand, while it recorded an ordinary loss of ¥31,782 thousand and an interim net loss attributable to owners of the parent of ¥58,251 thousand. - FY2024AdvancedAnnual report
「The group has continuously recorded net losses attributable to owners of the parent since before the previous consolidated fiscal year, and continued losses may raise concerns about cash management. In the current consolidated fiscal year, operating profit improved to ¥25.661 million from the previous fiscal year, but the company recorded an ordinary loss of ¥51.085 million and a net loss of ¥105.390 million attributable to owners of the parent.」
Operating profit turned from an operating loss of ¥155 million in the previous fiscal year to a profit of ¥25.661 million, and cash flow from operating activities was an inflow of ¥924.633 million. The company continues to review projects, reduce costs, pursue proposal-based sales, expand its renovation business, and cut expenses, but material uncertainty regarding the going-concern assumption remains, as do an ordinary loss and a net loss for the fiscal year. - FY2024-Q3AdvancedAnnual report
「The Group will take the following measures to eliminate or improve the circumstances that raise substantial doubt about the going concern assumption described above. ① Securing operating profit and cash flow As in the previous consolidated fiscal year, the Group will scrutinize each project, continuously reduce costs and work to improve profit margins. It will also actively develop clients through energy conservation proposals for commercial facilities, food-related facilities and other targets, and build a structure capable of securing stable sales and profits. In addition, the renovation business, which the Group entered in the previous fiscal year, has established a structure capable of generating profit, and the Group will work to expand it further.」
The Company continues to pursue project review, cost reduction, proposal-based sales and expansion of the Renovation Business as countermeasures. It recorded operating profit of ¥21 million in the cumulative third quarter, but an ordinary loss of ¥31 million and a quarterly net loss attributable to owners of the parent of ¥41 million remained. - FY2024-Q2AdvancedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, operating income of ¥39.434 million and ordinary income of ¥1.788 million improved from the previous fiscal year, but we recorded a quarterly net loss attributable to owners of the parent of ¥3.021 million. As in the previous consolidated fiscal year, we will review each project, continuously reduce costs, and work to improve profit margins. We will also actively develop clients by proposing energy-saving solutions for commercial facilities, food-related equipment and other areas, and work to establish a system for securing stable revenue and profits. In the Renovation Business, which we entered in the previous fiscal year, we have established a profitable operating structure and will work to expand it further.」
The company continues to build a stable earnings structure through project reviews, cost reductions, proposal-based sales, and expansion of its renovation business. It posted operating profit of ¥39 million and ordinary profit of ¥1 million, improving from losses in the previous fiscal year on both an operating and ordinary income basis, although a quarterly net loss attributable to owners of the parent remained. - FY2024-Q1SoftenedAnnual report
「As in the previous consolidated fiscal year, the company will review each project, continue reducing costs and work to improve profit margins. It will also actively pursue client development by proposing energy-saving solutions for commercial facilities and food-related equipment, and work to establish a structure that secures stable revenue and profits. In the renovation business entered in the previous fiscal year, the company has established a profitable operating structure and will work to expand it further. To improve its financial position, the company is discussing financing, including borrowings, while also considering the possibility of a future capital increase.」
The Company continues to implement detailed project reviews, cost reductions, proposal-based sales and expansion of the renovation business as countermeasures. With regard to the capital increase, the wording has reverted from the policy of issuing new shares at an early stage stated in the previous fiscal year to “taking into consideration the possibility of a capital increase in the future,” making the implementation policy less explicit. - FY2023RaisedAnnual report
「Due to the recording of operating losses over many years, corrections to prior-year financial statements and higher costs related to strengthening internal controls, among other factors, the consolidated net assets of the group had been impaired to ¥657 million as of the end of March 2023, making it difficult to rapidly restore consolidated net assets through business performance alone. Accordingly, strengthening the group’s substantially diminished consolidated net assets is an urgent issue in order to expand its business and enhance its earnings power, and the group aims to strengthen consolidated net assets by carrying out a capital increase through the issuance of new shares at an early stage.」
Regarding the strengthening of its financial base, the company has explicitly stated a policy of carrying out an early capital increase through the issuance of new shares, premised on impairment of consolidated net assets of ¥657 million. - FY2023-Q3AdvancedAnnual report
「(Renovation business) The renovation business engages in renovations and the sale of properties after renovation, consulting on asset management, the real estate brokerage business, subdivision, sale, purchase, leasing and management of real estate, and brokerage and consulting for these activities. During the cumulative third quarter of the current consolidated fiscal year, the business recorded revenue of ¥2,110 million and segment profit of ¥108 million.」
The renovation business, entered as a means of securing operating profit and cash flow, progressed from cumulative second-quarter revenue of ¥1,189 million and segment profit of ¥45 million to cumulative third-quarter revenue of ¥2,110 million and segment profit of ¥108 million. Meanwhile, the consolidated company as a whole recorded an operating loss of ¥93 million. - FY2023-Q2AdvancedAnnual report
「(Renovation Business) The Renovation Business engages in renovation and sales of renovated properties, consulting on asset management, real estate brokerage, subdivision, sale, leasing and management of real estate, as well as brokerage and consulting relating to these activities. During the cumulative second quarter of the current fiscal year, revenue was ¥1,189 million and segment profit was ¥45 million.」
The Renovation Business, which was launched as a measure to secure operating income and cash flow, generated revenue of ¥1,189 million and segment income of ¥45 million during the six months ended the second quarter. - FY2023-Q1AdvancedAnnual report
「The Company will also accelerate efforts to establish a structure capable of reliably generating profits in the newly entered renovation business.」
In addition to reviewing projects, reducing costs and conducting proposal-based sales, the Company has added to its response measures the establishment of a structure for securing profits through the newly entered Renovation Business. In the first quarter, the Renovation Business recorded revenue of ¥492 million and segment profit of ¥4 million. - FY2022RaisedAnnual report
「As in the previous consolidated fiscal year, the Company will review each project, continue to reduce costs and work to improve margins. It will also actively develop clients through energy conservation proposals for commercial facilities, food-related equipment and other areas, and work to build a system capable of securing stable revenue and profit. The current outlook for consolidated results for the following fiscal year is as follows: Revenue: ¥3,700 million Operating profit: ¥14 million Ordinary profit: ¥5 million Net profit attributable to owners of the parent: negative ¥56 million」
While continuing to build a stable earnings structure through project screening, cost reductions and proposal-based sales, the company presented its forecast for the next fiscal year, including revenue of ¥3,700 million, operating profit of ¥14 million and ordinary profit of ¥5 million. For the current fiscal year, it recorded an operating loss of ¥260 million and operating cash outflow of ¥485 million. - FY2022-Q3RestatedAnnual report
「As in the previous consolidated fiscal year, the Company will review each project, pursue ongoing cost reductions and work to improve profit margins. It will also actively develop clients by proposing energy-saving solutions for commercial facilities, food-related equipment and other applications, and work to establish a structure for securing stable revenue and profit.」
The Company continues to build a stable earnings structure through project review, cost reductions, margin improvement and customer development through energy-saving proposals for commercial facilities and food-related equipment. Specific results and prospects for financing have been expanded separately. - FY2022-Q1RestatedAnnual report
「As in the previous consolidated fiscal year, the Company will review each project, pursue ongoing cost reductions and work to improve profit margins. It will also actively develop clients by proposing energy-saving solutions for commercial facilities, food-related equipment and other applications, and work to establish a structure for securing stable revenue and profit.」
The company continues to build a stable earnings structure through project reviews, cost reductions, margin improvement, and customer development through energy-saving proposals for commercial facilities and food-related equipment. - FY2021RestatedAnnual report
「As in the previous consolidated fiscal year, we will scrutinize each project, continue to reduce costs and work to improve margins. We will also work to build a system that secures stable revenue and profit.」
The company continues to pursue detailed project reviews, cost reductions, higher profit margins and the establishment of a structure to secure stable revenue and profits. Meanwhile, the consolidated fiscal year under review resulted in an operating loss of ¥252 million and cash outflows from operating activities of ¥515 million. - FY2021-Q3RestatedAnnual report
「As in the previous consolidated fiscal year, the company will review each project, continuously reduce costs, and work to improve margins. It will also work to build a structure that ensures stable revenue and earnings. ③ Reduction of expenses The company will review selling, general and administrative expenses as needed, promote reductions in those expenses, and work to secure profit.」
The company continues to scrutinize projects, reduce costs, improve profit margins, and build a stable earnings structure, and also cites a review and reduction of selling, general and administrative expenses as a response. - FY2021-Q2RestatedAnnual report
「As in the previous consolidated fiscal year, we will scrutinize each project, continue to reduce costs and work to improve margins. We will also work to build a system that secures stable revenue and profit.」
The company continues to scrutinize projects, reduce costs, improve margins and build a system to secure stable revenue and profit. It recorded an operating loss of ¥173 million and ¥426 million in cash outflow from operating activities, and no achievement of targets is stated. - FY2021-Q1SoftenedAnnual report
「As in the previous consolidated fiscal year, the Company will scrutinize each project, continuously reduce costs and improve margins. It will also actively develop clients through energy-saving proposals for commercial facilities, food-related equipment and other applications, and build a structure to secure stable revenue and profit. To improve its financial position, the Company is considering an equity financing in the future and is proceeding with discussions on financing, including borrowings.」
The company continues to review projects, reduce costs, improve profit margins and build a stable earnings structure through consultative sales proposals for commercial facilities and food-related equipment. Meanwhile, the wording regarding a capital increase has been softened from “a capital increase is planned in the future” to “a capital increase is being considered in the future.” - FY2020RaisedAnnual report
「Strengthening the significantly reduced consolidated net assets is an urgent issue. The company will raise capital through the issuance of new shares at an early stage and seeks to strengthen consolidated net assets.」
Regarding measures to secure a sound financial base and stable earnings, the wording has become more definitive, changing from consideration and discussions regarding a capital increase to a policy of carrying out a capital increase through a new share issue at an early stage to strengthen consolidated net assets. - FY2020-Q3RaisedAnnual report
「The company plans to carry out a capital increase in the future to improve its financial position and is also continuing discussions on financing, including borrowings.」
Regarding financing, the wording has been strengthened from “taking into account the possibility of a future capital increase” to “planning a capital increase in the future,” making the capital-raising plan more explicit. - FY2020-Q2RestatedAnnual report
「As in the previous consolidated fiscal year, we will scrutinize each project, continue to reduce costs and work to improve margins. We will also work to build a system that secures stable revenue and profit.」
The company continues to review projects, reduce costs, improve margins, and build a structure that ensures stable revenue and earnings. - FY2020-Q1RestatedAnnual report
「As in the previous consolidated fiscal year, the Company will review each project, pursue ongoing cost reductions and work to improve profit margins. It will also actively develop clients by proposing energy-saving solutions for commercial facilities, food-related equipment and other applications, and work to establish a structure for securing stable revenue and profit.」
The company continues to build a stable earnings structure through project reviews, cost reductions, margin improvement, and customer development through energy-saving proposals for commercial facilities and food-related equipment. - FY2019RaisedAnnual report
「During the fiscal year ending March 2020, the company will actively promote its energy-saving business under a new management structure. Consolidated results for the fiscal year ending March 2020 are forecast at revenue of ¥2,750 million, operating profit of ¥14 million, ordinary profit of ¥10 million, and net income attributable to owners of the parent of ¥10 million.」
Regarding the securing of stable revenue and profit, the company has newly presented targets for the fiscal year ending March 2020 of revenue of ¥2,750 million, operating profit of ¥14 million, ordinary profit of ¥10 million, and net income attributable to owners of the parent of ¥10 million. - FY2019-Q3ReframedAnnual report
「As in the previous consolidated fiscal year, the Company will review each project, pursue ongoing cost reductions and work to improve profit margins. It will also actively develop clients by proposing energy-saving solutions for commercial facilities, food-related equipment and other applications, and work to establish a structure for securing stable revenue and profit.」
While maintaining efforts to establish a stable earnings structure through project scrutiny, cost reductions and improved profit margins, the Company identifies proposals for energy conservation at commercial facilities and food-related facilities and customer development as specific measures, replacing the previously stated early launch of the PKS business. - FY2019-Q2SoftenedAnnual report
「As in the previous consolidated fiscal year, we will scrutinize each project, continue to reduce costs and work to improve margins. We will also work to build a system that secures stable revenue and profit.」
The company continues to screen projects, reduce costs, improve profit margins and build a structure to secure stable revenue and profit. However, the reference to the early launch of the PKS business, which had been explicitly stated as a countermeasure until immediately beforehand, has disappeared, weakening the description of specific measures. - FY2019-Q1RestatedAnnual report
「As in the previous fiscal year, we will scrutinize each project, continuously reduce costs and improve profit margins. We will also launch the biomass fuel business, or PKS business, at an early stage and build a structure to secure stable revenue and profit.」
Response measures to secure stable revenue and profits through project reviews, cost reductions, improved profit margins, and the early launch of the PKS business have continued. - FY2018-Q3RestatedAnnual report
「As in the previous fiscal year, we will scrutinize each project, continuously reduce costs and improve profit margins. We will also launch the biomass fuel business, or PKS business, at an early stage and build a structure to secure stable revenue and profit.」
The Company continues to pursue measures to secure stable sales and profits through project scrutiny, cost reductions, improved profit margins and the early launch of the PKS business. - FY2018-Q2RestatedAnnual report
「As in the previous consolidated fiscal year, we will scrutinise each project, work continuously to reduce costs and pursue improvements in profit margins. We will also continue developing a system to secure stable revenue and profit, including by promoting the biomass fuel business (PKS business).」
The Group continues to build a stable earnings structure through project reviews, cost reductions, margin improvement and promotion of the PKS business. It also cites reviewing and reducing selling, general and administrative expenses and discussions on financing, including capital increases and borrowings, as countermeasures. - FY2018-Q1RestatedAnnual report
「As in the previous consolidated fiscal year, we will scrutinise each project, work continuously to reduce costs and pursue improvements in profit margins. We will also continue developing a system to secure stable revenue and profit, including by promoting the biomass fuel business (PKS business).」
The Company continues to implement measures to secure stable revenue and profit through project reviews, cost reductions, margin improvement and promotion of the PKS business. - FY2017RestatedAnnual report
「As in the previous fiscal year, we will scrutinize each project, continuously reduce costs and improve profit margins. We will also launch the biomass fuel business, or PKS business, at an early stage and build a structure to secure stable revenue and profit.」
The Group continues these measures to secure operating profit, cash flow and stable revenue and profit. However, it recorded an operating loss of ¥117 million and negative operating cash flow of ¥495 million for the fiscal year. - FY2017-Q3RestatedAnnual report
「As in the previous fiscal year, we will scrutinize each project, continuously reduce costs and improve profit margins. We will also launch the biomass fuel business, or PKS business, at an early stage and build a structure to secure stable revenue and profit.」
The Group continues to pursue project review, cost reductions, margin improvement and the early launch of the PKS business to secure operating profit and cash flow. It recorded an operating loss of ¥50.706 million for the cumulative third quarter. - FY2017-Q2AdvancedAnnual report
「Although revenue fell below the initial plan because the completion of some construction projects was delayed beyond the originally scheduled dates, gross profit was reported almost in line with the initial plan as a result of cost-reduction measures taken for each project.」
Revenue fell short of plan because construction projects shifted into a later period, while project-level cost reductions kept gross profit broadly in line with plan. Operating profit was below plan due to higher SG&A expenses, and operating cash flow remained negative. - FY2016First statedAnnual report
「As in the previous fiscal year, we will scrutinize each project, continuously reduce costs and improve profit margins. We will also launch the biomass fuel business, or PKS business, at an early stage and build a structure to secure stable revenue and profit.」
In response to material events raising substantial doubt about the going-concern assumption, the Group is combining project review, cost reductions, margin improvement and the launch of the PKS business.