Operating Loss, Continued Negative Operating Cash Flow, and Reliance on Additional Financing
First written in FY2024. 3 of 8 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 6 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「As of the end of the interim accounting period, we held ¥2,447 million in cash and deposits, securing the funds necessary to continue business activities for the next year. In September 2025, we also issued the ninth series of stock acquisition rights through a third-party allotment, with a clause for adjustment of the exercise price, as well as the tenth and eleventh series of stock acquisition rights, to secure future development funding for rogocekib. Exercise of the ninth series of stock acquisition rights is progressing. This enables us to maintain a structure capable of responding flexibly to future funding needs. Accordingly, we recognize that no material uncertainty exists regarding the going-concern assumption.」
Although negative cash flow from operating activities continues, ¥2,447 million in cash secures the funds required for the next year, and exercise of the stock acquisition rights is progressing. The company stated that it recognizes no material uncertainty regarding the going-concern assumption, providing a specific response to recent liquidity risks. - FY2025Continued negative full-year operating cash flowAnnual report
「At our company, operating cash flow was negative at ¥1,836 million for the current fiscal year, and we expect it to remain negative from the following fiscal year onward. Accordingly, until our products are brought to market and stable sources of revenue are secured, we may need to raise additional funds as necessary to strengthen our financial base.」
Negative operating cash flow narrowed from ¥1,937 million in the previous fiscal year to ¥1,836 million, but negative cash flow is expected to continue from the following fiscal year onward, and events or circumstances that raise substantial doubt about the going-concern assumption were described. - FY2025-H1WorsenedAnnual report
「During the interim accounting period, cash used in operating activities was ¥1,114 million, compared with ¥1,052 million used in the same interim period of the previous year.」
Negative cash flow from operating activities increased from ¥1,052 million in the same interim period of the previous year to ¥1,114 million, while cash and cash equivalents decreased by ¥1,053 million from the beginning of the period. - FY2024First statedAnnual report
「The figure was negative at ¥1,937 million for the current fiscal year, and we expect it to remain negative from the following fiscal year onward. Accordingly, until our products are brought to market and stable sources of revenue are secured, we may need to raise additional funds as necessary to strengthen our financial base.」
Operating cash flow was negative at ¥1,937 million, and the possibility that additional financing may be required was disclosed because negative cash flow is expected to continue from the following fiscal year onward.