Events or circumstances raising substantial doubt about the going-concern assumption
First written in FY2023-Q1. 2 of 6 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
21 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「Based on the foregoing, the company determined that no events or conditions that may raise substantial doubt about the going concern assumption currently exist, and eliminated the disclosure of "Material Events and Conditions Related to the Going Concern Assumption."」
Based on the return to positive operating cash flow, improved profit margins, and business rationalization, the disclosure of material events and conditions related to the going concern assumption was explicitly eliminated. - FY2024-Q2MitigatedAnnual report
「The group recorded an operating loss of ¥196 million, an ordinary loss of ¥320 million, and a quarterly net loss attributable to owners of the parent of ¥425 million for the first six months of the current consolidated fiscal year. In light of these circumstances, the group recognizes that events or conditions exist that may raise substantial doubt about the going concern assumption.」
Substantial doubt regarding the going concern assumption continues to be recognized, but the operating loss narrowed from ¥1,397 million in the same period of the previous year to ¥196 million, and the ordinary loss narrowed from ¥1,534 million to ¥320 million. - FY2024-Q1MitigatedAnnual report
「The group recorded an operating loss of ¥77 million, an ordinary loss of ¥121 million, and a quarterly net loss attributable to owners of the parent of ¥228 million for the first quarter of the current consolidated fiscal year. In light of these circumstances, the group recognizes that events or conditions exist that may raise substantial doubt about the going concern assumption.」
Substantial doubt regarding the going concern assumption continues to be recognized, but the operating loss narrowed from ¥728 million in the same quarter of the previous year to ¥77 million, and the ordinary loss narrowed from ¥741 million to ¥121 million. The notes to the quarterly consolidated financial statements state that there are no applicable matters under "Matters Related to the Going Concern Assumption." - FY2023-Q3WorsenedAnnual report
「The group recorded an operating loss of ¥1,937.339 million, an ordinary loss of ¥2,091.395 million, and a quarterly net loss attributable to owners of the parent of ¥1,904.091 million for the nine months ended the third quarter of the current consolidated fiscal year. In light of these circumstances, the group recognizes that events or conditions exist that may raise substantial doubt about the going concern assumption.」
Substantial doubt regarding the going concern assumption continued, with an operating loss of ¥1,937 million, an ordinary loss of ¥2,091 million, and a quarterly net loss attributable to owners of the parent of ¥1,904 million recorded. The company described countermeasures including a transformation of its financial services business model, expansion of recurring revenue, its Web3 business, cost reductions, and financing, and determined that no material uncertainty was recognized. - FY2023-Q2WorsenedAnnual report
「The group recorded an operating loss of ¥1,397.230 million, an ordinary loss of ¥1,534.233 million, and a quarterly net loss attributable to owners of the parent of ¥1,350.574 million for the first six months of the current consolidated fiscal year. In light of these circumstances, the group recognizes that events or conditions exist that may raise substantial doubt about the going concern assumption.」
Substantial doubt regarding the going concern assumption continued, with an operating loss of ¥1,397 million, an ordinary loss of ¥1,534 million, and a quarterly net loss attributable to owners of the parent of ¥1,351 million recorded. - FY2023-Q1First statedAnnual report
「The group recorded an operating loss of ¥728.809 million, an ordinary loss of ¥741.650 million, and a quarterly net loss attributable to owners of the parent of ¥743.814 million for the first quarter of the current consolidated fiscal year. In light of these circumstances, the group recognizes that events or conditions exist that may raise substantial doubt about the going concern assumption.」
The company itself states that events or conditions giving rise to substantial doubt about the going concern assumption continued to exist during the quarter, against a backdrop of recurring operating losses, negative operating cash flow, significant operating losses, and breaches of loan repayment covenants. At the same time, it states that, as a result of implementing countermeasures, no material uncertainty regarding the going concern assumption is recognized.