Default on Material Borrowings and Transfer of Collateral Assets
First written in FY2021-Q3. 2 of 4 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3DroppedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
In the filing's discussion of the going-concern assumption, the previous references to the default on material borrowings and the transfer of collateral assets have been removed. It does not state that these events have been resolved. - FY2022-Q2RestatedAnnual report
「In addition, the company had to settle a default on material borrowings through the transfer of collateral assets that had been a source of revenue. These circumstances give rise to events or conditions that may raise significant doubt about the going-concern assumption.」
The default on material borrowings and settlement through the transfer of collateral assets that had been a source of revenue have been reiterated as factors giving rise to significant doubt about the going-concern assumption. - FY2022-Q1RestatedAnnual report
「In addition, the company had to settle a default on material borrowings through the transfer of collateral assets that had been a source of revenue. These circumstances give rise to events or conditions that may raise significant doubt about the going-concern assumption.」
The default on material borrowings and settlement through the transfer of collateral assets that had been a source of revenue have been reiterated as factors giving rise to significant doubt about the going-concern assumption. - FY2021-Q3First statedAnnual report
「In addition, the Company was required to repay debt by transferring collateral assets that had been a source of revenue in order to resolve defaults on material borrowing obligations.」
The filing states that an actual default on material borrowings occurred and that collateral assets, which had been a source of revenue, were transferred to settle the debt.