Risk of a Weakened Financial Base and Excess Liabilities
First written in FY2021. 10 of 18 entries say "Worsened", first in FY2023. Latest entry: 2026-08-14.
Sds Holdings moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Worsened".
- 2026-08-14WorsenedEarnings
「Net assets at the end of the first quarter of the current consolidated accounting period decreased by ¥39 million from the end of the previous consolidated fiscal year to ¥701 million. This was mainly due to the recognition of a quarterly net loss of ¥70 million attributable to owners of the parent, partly offset by a ¥24 million increase resulting from the issuance of stock acquisition rights.」
Net assets declined from ¥741 million to ¥701 million, and the equity ratio also fell from 10.4% to 8.6%. - FY2026WorsenedAnnual report
「The Group’s net assets stood at ¥741 million at the end of the consolidated fiscal year, leaving its financial base in a vulnerable position.」
Net assets increased slightly from ¥738 million to ¥741 million, while the equity ratio declined from 12.9% to 10.4%. The company continues to state that its financial base remains weak. - FY2026-H1WorsenedAnnual report
「Net assets at the end of the interim consolidated accounting period decreased by ¥27 million from the end of the previous consolidated fiscal year to ¥710 million. This was due to the recognition of an interim net loss attributable to owners of the parent of ¥44 million and a ¥17 million increase in non-controlling interests.」
Net assets decreased by ¥27 million from ¥738 million to ¥710 million, and the equity ratio declined from 12.9% to 10.8%. The financial base deteriorated quantitatively because an interim net loss attributable to owners of the parent was recorded. - FY2025WorsenedAnnual report
「The Group's net assets at the end of the current consolidated fiscal year were ¥738 million, leaving its financial base in a fragile state.」
Net assets declined by ¥44 million, from ¥782.876 million at the end of the previous fiscal year to ¥738.173 million, and the equity ratio fell from 17.6% to 12.9%. Although capital increased by ¥91 million through the exercise of share acquisition rights, the financial base deteriorated due to the recognition of a net loss of ¥151 million for the fiscal year. - FY2025-H1WorsenedAnnual report
「At the end of the six-month consolidated accounting period, net assets had decreased by ¥46 million from the end of the previous consolidated fiscal year to ¥736 million. This was due to the recording of an interim net loss attributable to owners of the parent of ¥58 million and an increase of ¥11 million in non-controlling interests.」
Net assets declined by ¥46 million, from ¥782.876 million to ¥736.574 million, and the equity ratio fell from 17.6% to 16.5%. The company’s financial base has deteriorated on a quantitative basis due to the recognition of an interim net loss attributable to owners of the parent. - FY2024MitigatedAnnual report
「The Group's net assets at the end of the current consolidated fiscal year were ¥782 million, leaving its financial base in a fragile state.」
Net assets increased by ¥162 million from ¥620.783 million at the end of the previous fiscal year to ¥782.876 million, and the equity ratio rose from 11.7% to 17.6%. The ¥251.724 million increase in capital and other items from the exercise of stock acquisition rights contributed to this result, while the company continues to describe its financial base as fragile and to identify the risk of a net liabilities position. - FY2024-Q3WorsenedAnnual report
「Net assets at the end of the third quarter decreased by ¥27 million from the end of the previous consolidated fiscal year to ¥592 million. This was due to the recording of a quarterly net loss attributable to owners of the parent of ¥41 million and an increase of ¥10 million in non-controlling interests.」
Net assets decreased by ¥27 million from ¥621 million at the end of the previous fiscal year to ¥592 million. The quarterly net loss attributable to owners of the parent exceeded the increase in non-controlling interests, resulting in a quantitative deterioration in the financial base. - FY2024-Q2MitigatedAnnual report
「Net assets at the end of the second quarter of the consolidated accounting period under review increased by ¥4 million from the end of the previous consolidated fiscal year to ¥624 million. This was due to the recording of a quarterly net loss attributable to owners of the parent of ¥3 million and a ¥7 million increase in non-controlling interests.」
Net assets increased by ¥4 million from the end of the previous fiscal year to ¥624 million, as the increase in non-controlling interests exceeded the quarterly net loss attributable to owners of the parent. The financial base improved slightly on a numerical basis, but losses attributable to owners of the parent continued. - FY2024-Q1WorsenedAnnual report
「Net assets at the end of the first quarter consolidated accounting period decreased by ¥78 million from the end of the previous consolidated fiscal year to ¥542 million. This was attributable to the recording of a quarterly net loss attributable to owners of the parent of ¥76 million.」
Net assets decreased from ¥621 million at the end of the previous fiscal year to ¥543 million, while the equity ratio fell from 11.7% to 10.0%. The weakness of the financial base worsened in numerical terms for the second consecutive year. - FY2023WorsenedAnnual report
「The Group’s net assets stood at ¥657 million at the end of the consolidated fiscal year, leaving its financial base in a vulnerable position.」
Although net assets increased from ¥596 million to ¥657 million, the equity ratio declined from 64.6% to 12.2% due to an increase in borrowings associated with the consolidation of 株式会社イエローキャピタルオーケストラ, and the Company itself continues to describe its financial position as fragile. - FY2023-Q2MitigatedAnnual report
「Net assets at the end of the second quarter increased by ¥180 million from the end of the previous consolidated fiscal year to ¥776 million. This was due to the recognition of a quarterly net loss attributable to owners of the parent of ¥131 million, increases of ¥111 million each in capital stock and capital reserves through the exercise of stock acquisition rights on 30 June 2022, and a ¥90 million increase in non-controlling interests.」
Net assets increased by ¥180 million from ¥596 million at the end of the previous fiscal year to ¥776 million, as the increase from the exercise of share acquisition rights and the increase in non-controlling interests exceeded the loss recognized. The company’s financial base improved on a quantitative basis from the end of the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year increased by ¥212 million from the end of the previous consolidated fiscal year to ¥809 million. This was attributable to the recognition of a quarterly net loss of ¥92 million attributable to owners of the parent, an increase of ¥111 million each in share capital and capital surplus through the exercise of share acquisition rights on 30 June 2022, and an ¥83 million increase in non-controlling interests.」
Net assets increased from ¥596 million to ¥809 million through the exercise of stock acquisition rights and other transactions. However, the disclosure also notes the recording of a quarterly net loss and a substantial increase in borrowings, and does not state that the weakness of the financial base has been eliminated. - FY2022MitigatedAnnual report
「Net assets at the end of the consolidated fiscal year under review were ¥596 million, leaving the company with a weak financial base.」
Net assets increased from ¥39 million at the end of the previous fiscal year to ¥596 million, and the equity ratio reached 64.6%. Quantitative measures improved through the third-party allotment capital increase and the exercise of stock acquisition rights, but the company itself continues to describe its financial base as weak. - FY2022-Q3MitigatedAnnual report
「Net assets at the end of the third quarter increased by ¥193 million from the end of the previous consolidated fiscal year to ¥233 million. This was mainly due to the recording of a quarterly net loss attributable to owners of the parent of ¥268 million, an increase of ¥150 million each in capital and capital surplus through the exercise of stock acquisition rights, and an increase of ¥81 million each in capital and capital surplus through a third-party allotment capital increase.」
Net assets increased from ¥39 million at the end of the previous consolidated fiscal year to ¥233 million, improving the company's financial base in quantitative terms through capital strengthening. However, the company recorded a quarterly net loss of ¥268 million, and material financial uncertainty remains. - FY2022-Q2MitigatedAnnual report
「Net assets at the end of the second quarter increased by ¥14 million from the end of the previous consolidated fiscal year to ¥53 million. This was due mainly to increases of ¥98 million each in capital stock and capital surplus resulting from the exercise of stock acquisition rights, despite the recognition of a quarterly net loss attributable to owners of the parent of ¥180 million.」
Net assets increased from ¥39 million at the end of the previous consolidated fiscal year to ¥53 million as a result of the capital increase through the exercise of stock acquisition rights, and the equity ratio improved from 12.7% to 23.1%. However, the Company recorded a quarterly net loss of ¥180 million, and the disclosure does not state that the weakness of its financial base has been resolved. - FY2021First statedAnnual report
「The Group’s net assets at the end of the fiscal year were ¥39 million, leaving its financial base weak. While focusing on earnings recovery through a business centered on planning, design, sales, installation and consulting related to energy-saving equipment and by establishing a low-cost structure, the Company is also considering strengthening its capital through equity financing. If these efforts are delayed or fail to materialize, the Company could become balance-sheet insolvent, adversely affecting the Group’s business and performance.」
The Company newly disclosed the vulnerability of its financial base, with consolidated net assets of ¥39 million, and the risk of negative net worth if earnings recovery or equity financing is delayed or does not materialize.