Material Doubt About Going Concern and Response Using Available Funding Resources
First written in FY2024. 5 of 8 entries say "Advanced", first in FY2026-H1. Latest entry: 2026-08-12.
The whole theme swung hardest in 2025: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- 2026-08-12AdvancedEarnings
「The 7 improvement measures under the “Business Restructuring Plan” are currently being implemented in a planned and rapid manner, and their progress is as follows.」
Amid continuing events that raise substantial doubt about the going-concern assumption, the Company is implementing 7 improvement measures and disclosing progress on MIRAI, profitability improvement, functional consolidation, core systems, personnel, cross-selling and contract manufacturing. - FY2026AdvancedAnnual report
「To resolve this situation, the Group formulated a Business Restructuring Plan in October 2025 and is taking concrete steps to strengthen future competitiveness, rebuild its earnings base, and increase enterprise value. The following 7 improvement initiatives are currently being implemented systematically and promptly.」
Amid the continuing events and conditions related to the going-concern assumption, the Company disclosed that it is implementing 7 improvement initiatives under the Business Restructuring Plan formulated in October 2025. - FY2026-H1AdvancedAnnual report
「On 1 October 2025, the Company entered into a business alliance with トリゼンフーズ株式会社 and 双日食料株式会社. Going forward, the 3 companies plan to discuss and implement a broad range of collaborative initiatives, including cross-selling, new product development, contract manufacturing, joint sales activities, and personnel exchanges, while leveraging their respective procurement, manufacturing, distribution, and sales functions, with the aim of increasing each company's enterprise value. At the same time, the Company formulated a “Business Restructuring Plan (covering the 4 years from the fiscal year ending March 2026 through the fiscal year ending March 2029)” and plans to implement its initiatives to strengthen future competitiveness, rebuild its earnings base, and increase enterprise value.」
Amid the continuing events and conditions related to the going-concern assumption, the Company decided to enter into business alliances with トリゼンフーズ and 双日食料 and adopt a 4-year Business Restructuring Plan as new response measures. Five initiatives are already under way, and 2 additional initiatives, cross-selling and contract manufacturing, have been added. - FY2025WorsenedAnnual report
「Because the Group has reported operating losses for 7 consecutive fiscal years and negative cash flow from operating activities for the third consecutive fiscal year, events or conditions exist that raise significant doubt about its ability to continue as a going concern. However, to resolve this situation, the Group is thoroughly reviewing its business strategy and working to rebuild its operations.」
The events and conditions related to the going-concern assumption deteriorated to operating losses for 7 consecutive fiscal years and negative operating cash flow for 3 consecutive fiscal years. Meanwhile, the Group continues to determine that no material uncertainty exists because it has secured sufficient funding capacity. - FY2025-H1RestatedAnnual report
「The Group has secured sufficient funding capacity, including cash and deposits, investment securities that can be converted into cash within a short period, and undrawn overdraft facilities with its financial institutions. As it is in a position to adequately fund working capital and investment needs for the foreseeable future by raising funds flexibly as needed, it has determined that no material uncertainty exists regarding the going-concern assumption.」
While operating losses and negative operating cash flow continue, the Group has maintained its assessment that it has secured sufficient funding capacity through cash, investment securities that can be converted into cash within a short period, and undrawn overdraft facilities. - FY2024First statedAnnual report
「The Group has reported a material operating loss in the current consolidated fiscal year and negative cash flow from operating activities for the second consecutive fiscal year. As a result, events or conditions exist that raise significant doubt about the Group's ability to continue as a going concern. However, the Group has secured sufficient funding capacity, including cash and deposits, investment securities that can be converted into cash within a short period, and undrawn overdraft facilities with its financial institutions. As the Group is in a position to adequately fund working capital and investment needs for the foreseeable future by raising funds flexibly as needed, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The material operating loss and negative operating cash flow for 2 consecutive fiscal years were identified for the first time as events or conditions that raise significant doubt about the Group's ability to continue as a going concern. Meanwhile, the Group has secured funding capacity through cash, investment securities that can be converted into cash within a short period, and undrawn overdraft facilities, and has determined that no material uncertainty exists.