Material Uncertainty Related to the Going Concern Assumption
First written in FY2016. 18 of 37 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-10-06.
Kitahama Capital Partners moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「In the current consolidated fiscal year, the Group recorded a significant operating loss of ¥989 million, an ordinary loss of ¥1,184 million and net loss attributable to owners of the parent of ¥1,268 million. Through the current consolidated fiscal year, it had recorded significant operating loss and ordinary loss for 7 consecutive fiscal years and net loss attributable to owners of the parent for 8 consecutive fiscal years.」
Operating loss and ordinary loss were recorded for 7 consecutive fiscal years, while net loss attributable to owners of the parent was recorded for 8 consecutive fiscal years. Operating cash flow was also negative at ¥1,293 million, and material uncertainty regarding the going concern assumption continues to be disclosed. - FY2026-H1WorsenedAnnual report
「Through the previous consolidated fiscal year, the Group had recorded significant operating loss, ordinary loss and net loss attributable to owners of the parent for 6 consecutive fiscal years. It also recorded significant operating loss, ordinary loss and interim net loss attributable to owners of the parent in the current interim consolidated accounting period. These circumstances raise material uncertainty regarding the going concern assumption.」
The disclosure specifies that losses had been recorded for 6 consecutive fiscal years through the previous consolidated fiscal year, and that the Group recorded an operating loss of ¥652 million, an ordinary loss of ¥641 million and an interim net loss attributable to owners of the parent of ¥596 million in the interim period. - FY2025WorsenedAnnual report
「Our group recorded a material net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the consolidated fiscal year under review, also recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Material uncertainty regarding the going concern assumption continues. For the current fiscal year, the Group recorded an operating loss of ¥579 million, an ordinary loss of ¥602 million and net loss attributable to owners of the parent of ¥835 million, with losses widening from the same period of the previous year. - FY2025-H1WorsenedAnnual report
「In the previous consolidated fiscal year, the Group recorded significant operating loss, ordinary loss and net loss attributable to owners of the parent. It also recorded operating loss, ordinary loss and interim net loss attributable to owners of the parent in the current interim consolidated accounting period. These circumstances raise material uncertainty regarding the going concern assumption.」
Material uncertainty regarding the going concern assumption continues. In the interim period, the Group recorded an operating loss of ¥207 million, an ordinary loss of ¥236 million and an interim net loss attributable to owners of the parent of ¥321 million. - FY2024Losses narrowed, but material uncertainty continuesAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the consolidated fiscal year under review, also recorded an operating loss, ordinary loss and net loss attributable to owners of the parent. In addition, a settlement payment obligation based on mediation by the Osaka District Court existed as of the end of the consolidated fiscal year under review. These circumstances raise substantial doubt about the going-concern assumption.」
Operating loss, ordinary loss and net loss attributable to owners of the parent narrowed from the same period of the previous year, but material uncertainty regarding the going concern assumption continues to be disclosed due to the recorded losses and settlement obligations. - FY2024-Q3Losses narrowed, but material uncertainty continuesAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative third-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. These circumstances raise substantial doubt about the going-concern assumption.」
Although the loss narrowed from the same quarter of the previous year, losses were recorded in the previous fiscal year and the cumulative third quarter, and material uncertainty regarding the going concern assumption continues. - FY2024-Q2Losses narrowed, but material uncertainty continuesAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative second-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. These circumstances raise substantial doubt about the going-concern assumption.」
Although the loss amount decreased from the same quarter of the previous year, material doubt regarding the going-concern assumption continues because losses were recorded in the previous fiscal year and the cumulative second-quarter period under review. - FY2024-Q1Losses narrowed, but material uncertainty continuesAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative first-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. These circumstances raise substantial doubt about the going-concern assumption.」
Although losses narrowed from the same quarter of the previous year, losses were recorded in the previous fiscal year and the first quarter under review, and material doubt regarding the going-concern assumption continues to be disclosed. - FY2023RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the consolidated fiscal year under review, also recorded an operating loss, ordinary loss and net loss attributable to owners of the parent. In addition, a settlement payment obligation based on mediation by the Osaka District Court existed as of the end of the consolidated fiscal year under review. These circumstances raise substantial doubt about the going-concern assumption.」
The company continues to disclose material doubt regarding the going-concern assumption because losses continued to be recorded and a settlement payment obligation based on mediation remained outstanding. - FY2023-Q2RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative second-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. These circumstances raise substantial doubt about the going-concern assumption.」
The company continues to disclose material doubt regarding the going-concern assumption because losses were recorded in the previous consolidated fiscal year and the cumulative second-quarter consolidated period under review. - FY2023-Q1RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative first-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent.」
The company continues to disclose material uncertainty regarding the going-concern assumption because losses were recorded in the previous consolidated fiscal year and the cumulative first-quarter consolidated period under review. - FY2022-Q3WorsenedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative third-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In addition, as stated in Note 3 on unpaid settlement payments in the notes to the quarterly consolidated balance sheet, a settlement payment obligation based on mediation by the Osaka District Court existed as of the end of the third-quarter consolidated accounting period under review.」
Amid continued and widening losses, the company newly disclosed the existence of a settlement payment obligation based on mediation by the Osaka District Court. The settlement payment was ¥536 million and was recorded as an extraordinary loss as a settlement payment during the cumulative third-quarter period under review. - FY2022-Q2RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In addition, as stated in Note 3 on contingent liabilities in the notes to the quarterly consolidated balance sheet, a material lawsuit has been filed against us. Furthermore, we were required to repay material borrowings by transferring collateral assets that had been a source of earnings in order to cure the default on those borrowings. These circumstances raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption continues to be disclosed due to the recorded losses, material litigation, default on material borrowings and transfer of collateral assets. - FY2022-Q1RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In addition, as stated in Note 3 on contingent liabilities in the notes to the quarterly consolidated balance sheet, a material lawsuit has been filed against us. Furthermore, we were required to repay material borrowings by transferring collateral assets that had been a source of earnings in order to cure the default on those borrowings. These circumstances raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption continues to be disclosed due to the recorded losses, material litigation, default on material borrowings and transfer of collateral assets. - FY2021RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the consolidated fiscal year under review, also recorded an operating loss, ordinary loss and net loss attributable to owners of the parent. In addition, as stated in the timely disclosure dated 18 December 2020 entitled “Notice Regarding the Filing of a Lawsuit Seeking Payment from the Company,” a material lawsuit has been filed against us. Furthermore, we were required to repay material borrowings by transferring collateral assets that had been a source of earnings in order to cure the default on those borrowings. These circumstances raise substantial doubt about the going-concern assumption.」
Although the full-year loss decreased from the previous year, material doubt regarding the going-concern assumption continues to be disclosed due to the recorded losses, material litigation, default on borrowings and transfer of collateral assets. - FY2021-Q3WorsenedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative third-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In addition, as stated in Note 2 on contingent liabilities in the subsequent section on notes to the quarterly consolidated balance sheet, a material lawsuit has been filed against us during the third-quarter consolidated accounting period under review. Furthermore, we were required to repay material borrowings by transferring collateral assets that had been a source of earnings in order to cure the default on those borrowings.」
In addition to continued losses, the filing of a material lawsuit and the transfer of collateral assets to cure a material borrowing default were newly disclosed, indicating that circumstances regarding the going-concern assumption had deteriorated. - FY2021-Q2RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative second-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Losses were recorded in the previous consolidated fiscal year and the cumulative second-quarter consolidated period under review, and material doubt regarding the going-concern assumption continues to be disclosed. - FY2021-Q1RestatedAnnual report
「Our group recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the cumulative first-quarter consolidated period under review, also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Losses were recorded in the previous consolidated fiscal year and the first quarter under review, and material doubt regarding the going-concern assumption continues to be disclosed. - FY2020WorsenedAnnual report
「Our group recorded a material net loss attributable to owners of the parent in the previous consolidated fiscal year and, in the consolidated fiscal year under review, also recorded a material operating loss, ordinary loss and net loss attributable to owners of the parent. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption continues, and the company recorded an operating loss of ¥573 million, an ordinary loss of ¥734 million and a net loss attributable to owners of the parent of ¥1,773 million for the fiscal year. - FY2020-Q3WorsenedAnnual report
「Our group recorded a material net loss attributable to owners of the parent in the previous consolidated fiscal year and a material quarterly net loss attributable to owners of the parent in the cumulative third-quarter consolidated period under review. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption continues, and a quarterly net loss attributable to owners of the parent of ¥636 million was recorded for the cumulative third-quarter consolidated period under review. - FY2020-Q2WorsenedAnnual report
「Our group recorded a material net loss attributable to owners of the parent in the previous consolidated fiscal year and a material quarterly net loss attributable to owners of the parent in the cumulative second-quarter consolidated period under review. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption continues, and the quarterly net loss attributable to owners of the parent for the cumulative second-quarter period under review was ¥438 million. - FY2020-Q1MaterialisedAnnual report
「Our group recorded a material net loss attributable to owners of the parent in the previous consolidated fiscal year and a material quarterly net loss attributable to owners of the parent in the cumulative first-quarter consolidated period under review. Circumstances therefore exist that raise substantial doubt about the going-concern assumption.」
Material doubt regarding the going-concern assumption was disclosed again following the recording of material losses attributable to owners of the parent in the previous consolidated fiscal year and the cumulative first-quarter consolidated period under review. - FY2018MitigatedAnnual report
「Our group had circumstances that raised substantial doubt about the going-concern assumption through the previous consolidated fiscal year, but eliminated the related note disclosure as of the end of the consolidated fiscal year under review.」
The company eliminated, at the end of the consolidated fiscal year under review, the going-concern note that had continued through the previous consolidated fiscal year. It recorded operating income, ordinary income and net income attributable to owners of the parent for the full fiscal year. - FY2018-Q3RestatedAnnual report
「Our group continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent through the previous consolidated fiscal year. Although we recorded operating income, ordinary income and quarterly net income attributable to owners of the parent in the cumulative third-quarter consolidated period under review, we have not yet established recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
In the cumulative third-quarter period under review, we recorded operating income of ¥205 million, ordinary income of ¥212 million and quarterly net income attributable to owners of the parent of ¥215 million. However, the company continues to disclose material uncertainty because recurring profitability has not been established. - FY2018-Q2RestatedAnnual report
「Our group continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent through the previous consolidated fiscal year. Although we recorded operating income, ordinary income and quarterly net income attributable to owners of the parent in the cumulative second-quarter consolidated period under review, we have not yet established recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
In the cumulative second-quarter period under review, we recorded operating income of ¥206 million, ordinary income of ¥216 million and quarterly net income attributable to owners of the parent of ¥245 million. However, the company continues to disclose material uncertainty because recurring profitability has not been established. - FY2018-Q1MitigatedAnnual report
「Our group has continuously recorded operating losses, ordinary losses and quarterly net losses attributable to owners of the parent in the past. Although we recorded operating income, ordinary income and quarterly net income attributable to owners of the parent in the cumulative first-quarter consolidated period under review, we have not yet established recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
The quarter produced operating income of ¥222 million, ordinary income of ¥229 million and quarterly net income attributable to owners of the parent of ¥267 million. However, recurring profitability has not been established, and substantial doubt regarding the going-concern assumption remains. - FY2017-Q3WorsenedAnnual report
「Our group has continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent in the past. In the cumulative third-quarter consolidated period under review, we also recorded an operating loss of ¥195 million, an ordinary loss of ¥220 million and a quarterly net loss attributable to owners of the parent of ¥225 million.」
Losses continued to be recorded, with an operating loss of ¥195 million, an ordinary loss of ¥220 million and a quarterly net loss attributable to owners of the parent of ¥225 million recorded for the cumulative third-quarter period. Accordingly, material uncertainty continues. - FY2017-Q2WorsenedAnnual report
「Our group has continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent in the past. In the cumulative second-quarter consolidated period under review, we also recorded an operating loss of ¥91 million, an ordinary loss of ¥95 million and a quarterly net loss attributable to owners of the parent of ¥98 million. As a result, we have not yet achieved recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
Material uncertainty regarding the going-concern assumption continues. The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all exceeded the previous quarter’s figures. - FY2017-Q1WorsenedAnnual report
「Our group has continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent in the past. In the cumulative first-quarter consolidated period under review, we also recorded an operating loss of ¥35 million, an ordinary loss of ¥37 million and a quarterly net loss attributable to owners of the parent of ¥39 million. As a result, we have not yet achieved recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
Revenue declined from the same quarter of the previous year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened. Material uncertainty also continued to be recognized. - FY2016MaterialisedAnnual report
「In the consolidated fiscal year under review, we recorded an operating loss of ¥94 million, an ordinary loss of ¥157 million and a net loss attributable to owners of the parent of ¥193 million. As a result, we have not yet achieved recurring profitability, and circumstances exist that raise substantial doubt about the going-concern assumption.」
Material uncertainty was disclosed because losses had been recorded for multiple fiscal years and recurring profitability had not been secured.