Komori
Occurring Fact175AWill Smart Co.,LTD.Information and Communications, Services and Others

Notice Regarding the Removal of the Going Concern Qualification

The Company secured funds through a third-party allotment and eliminated its negative net worth. It therefore determined that no material uncertainty existed regarding the going concern assumption and discontinued disclosure of the note. However, conditions that raise significant doubt about the going concern assumption remain, including operating losses and negative operating cash flow.

Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
449971
Thousands of yen (total amount paid in for the third-party allotment)
Wording
Conditional
How definitive the wording is.

Discontinuation of the going concern disclosure

Subject Entity

株式会社Will Smart

Occurrence14 August 2026 (the date on which disclosure of the note was discontinued)
This disclosure08/14/2026
Cause

Payment in full of the total ¥449,971 thousand third-party allotment was completed, eliminating the Company’s negative net worth and securing sufficient funds for ongoing business operations.

Accounting period in which recognized

Second quarter (interim period) of the fiscal year ending December 2026

Outlook

The Company will continue working to stabilize its financial foundation and improve profitability, while striving for an early recovery in business performance.

Event that occurred
ItemDetails
Event nameDiscontinuation of the going concern disclosure
Date of occurrence14 August 2026 (the date on which disclosure of the note was discontinued)
Subject Entity株式会社Will Smart
CausePayment in full of the total ¥449,971 thousand third-party allotment was completed, eliminating the Company’s negative net worth and securing sufficient funds for ongoing business operations.
Accounting period in which recognizedSecond quarter (interim period) of the fiscal year ending December 2026
OutlookThe Company will continue working to stabilize its financial foundation and improve profitability, while striving for an early recovery in business performance.
Items this document does not state (19)
Date recognized / date notice receivedTarget Locations / ProductsAmount of Impact on Business PerformanceImpact on Earnings ForecastType of litigation or proceedingCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the changePlanned follow-up disclosure

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Payment in full of the total ¥449,971 thousand third-party allotment was completed, eliminating the Company’s negative net worth. The Company secured sufficient funds for ongoing business operations, with net assets of ¥290,160 thousand, an equity ratio of 36.9%, and cash and cash equivalents of ¥561,352 thousand.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Removal of the Going Concern Qualification | Will Smart Co.,LTD. (175A) timely disclosure | Komori