Continued Operating Losses and Uncertainties Regarding the Going Concern Assumption
First written in FY2017-Q1. 24 of 35 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
16 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「As a result, the Group's net sales for the consolidated fiscal year were ¥2,111 million, operating income was ¥242 million, ordinary income was ¥271 million and net income attributable to owners of the parent was ¥424 million.」
The previous disclosures regarding recurring operating losses and significant doubt concerning the going-concern assumption were not identified in this filing, and the company recorded operating income of ¥242 million. - 2026-05-15MitigatedEarnings presentation
「Operating profit, ordinary profit, net income and adjusted operating profit (EBITDA) all reached record highs since the company's founding.」
After a period in which continuing operating losses were an issue, all major profit measures reached record highs since founding, including operating profit of ¥242 million, further demonstrating an improvement in profitability. - FY2025MitigatedAnnual report
「As a result, net sales were ¥1,268 million, an increase of ¥568 million, or 81.3%, from the same period of the previous year; operating income was ¥149 million, an increase of ¥75 million, or 100.5%; ordinary income was ¥163 million, an increase of ¥71 million, or 77.9%; and net income was ¥169 million, an increase of ¥101 million, or 148.5%.」
The company recorded operating income of ¥149 million, ordinary income of ¥163 million and net income of ¥169 million, continuing its profitability improvement from the period when recurring operating losses were an issue. - FY2025-H1MitigatedAnnual report
「Net sales were ¥454 million, up 37.0% year on year. Operating income was ¥58 million, up 174.8% year on year, due to the increase in net sales.」
The company recorded operating income of ¥58 million in the interim accounting period, up from ¥21 million in the same period of the previous year. This indicates improvement from the recurring operating loss position. - FY2024MitigatedAnnual report
「Operating income increased 617.4% from the previous fiscal year to ¥74 million, due to a review of the cost of sales and an increase in orders for the contract software development business.」
The company recorded operating income of ¥74 million in the fiscal year following the change to a non-consolidated reporting structure, indicating improvement from the recurring operating loss position. - FY2024-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter, net sales were ¥503 million, operating income was ¥51 million, ordinary income was ¥68 million and quarterly net income was ¥111 million.」
For the cumulative third quarter, the company recorded operating income of ¥51 million, ordinary income of ¥68 million and quarterly net income of ¥111 million, indicating improvement from the recurring operating loss position. - FY2024-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter, net sales were ¥332 million, operating income was ¥21 million, ordinary income was ¥39 million and quarterly net income was ¥82 million.」
The company recorded operating income of ¥21 million, ordinary income of ¥39 million and quarterly net income of ¥82 million. No comparative analysis with the same quarter of the previous year has been conducted following the change to a non-consolidated reporting structure, and there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved. - FY2024-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter, net sales were ¥172 million, operating income was ¥9 million, ordinary income was ¥8 million and quarterly net income was ¥51 million.」
For the cumulative first quarter, the company recorded operating income of ¥9 million, ordinary income of ¥8 million and quarterly net income of ¥51 million, indicating improvement from the recurring operating loss position. The company prepares quarterly financial statements rather than quarterly consolidated financial statements, and no comparative analysis with the same quarter of the previous year has been conducted. - FY2023MitigatedAnnual report
「As a result, for the consolidated fiscal year, net sales were ¥638 million, up 14.8% year on year; operating income was ¥43 million, up 331.0% from the previous fiscal year; ordinary income was ¥42 million, up 470.1%; and net income attributable to owners of the parent was ¥40 million, compared with a net loss attributable to owners of the parent of ¥17 million in the same period of the previous year.」
The company recorded operating income of ¥43 million, ordinary income of ¥42 million and net income attributable to owners of the parent of ¥40 million, improving from operating income of ¥10 million and a net loss in the previous fiscal year. As there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved, this is treated as a reduction in risk. - FY2023-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the consolidated fiscal year, net sales were ¥461 million, up 12.3% year on year; operating income was ¥30 million, up 1,396.2%; ordinary income was ¥30 million, compared with an ordinary loss of ¥0 million; and quarterly net income attributable to owners of the parent was ¥29 million, compared with a quarterly net loss attributable to owners of the parent of ¥24 million.」
The company recorded operating income, ordinary income and quarterly net income attributable to owners of the parent, improving from an ordinary loss and net loss in the same period of the previous year. As there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved, this is treated as a reduction in risk. - FY2023-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the consolidated fiscal year, net sales were ¥276 million, up 0.1% year on year; operating income was ¥8 million, up 114.4%; ordinary income was ¥9 million, up 240.5%; and quarterly net income attributable to owners of the parent was ¥8 million, compared with a quarterly net loss attributable to owners of the parent of ¥21 million.」
The company recorded operating income, ordinary income and quarterly net income attributable to owners of the parent, improving from operating income of ¥3 million and a net loss of ¥21 million in the same period of the previous year. As there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved, this is treated as a reduction in risk. - FY2022MitigatedAnnual report
「As a result, for the consolidated fiscal year, net sales were ¥556 million, down 6.1% year on year; operating income was ¥10 million, down 77.2%; ordinary income was ¥7 million, down 82.0%; and net loss attributable to owners of the parent was ¥17 million, compared with net income attributable to owners of the parent of ¥41 million.」
Operating income remained positive at ¥10 million, an improvement from the previous recurring operating loss position. However, operating income declined 77.2% year on year, and the company recorded a net loss attributable to owners of the parent of ¥17 million; the disclosure does not state that profitability issues have been resolved. - FY2022-Q3WorsenedAnnual report
「As a result, for the cumulative third quarter of the consolidated fiscal year, net sales were ¥410 million, down 8.4% year on year; operating income was ¥2 million, down 94.2%; the ordinary loss was ¥0 million, compared with ordinary income of ¥32 million; and quarterly net loss attributable to owners of the parent was ¥24 million, compared with quarterly net income attributable to owners of the parent of ¥33 million.」
Operating income declined substantially from ¥35 million in the same period of the previous year to ¥2 million, while ordinary profit and loss turned from income to a loss, as did quarterly profit and loss attributable to owners of the parent, which turned to a loss of ¥24 million. - FY2022-Q2WorsenedAnnual report
「As a result, for the cumulative second quarter of the consolidated fiscal year, net sales were ¥276 million, down 8.3% year on year; operating income was ¥3 million, down 78.5%; ordinary income was ¥2 million, down 83.7%; and quarterly net loss attributable to owners of the parent was ¥21 million, compared with quarterly net income attributable to owners of the parent of ¥14 million.」
Operating income and ordinary income declined substantially from the same period of the previous year, while quarterly profit and loss attributable to owners of the parent turned from income to a loss of ¥21 million. - FY2022-Q1Maintaining profitability and declining earningsAnnual report
「As a result, for the cumulative quarter of the consolidated fiscal year, net sales were ¥147 million, down 4.2% year on year; operating income was ¥2 million, down 75.3%; ordinary income was ¥1 million, down 80.1%; and quarterly net income attributable to owners of the parent was ¥1 million, down 84.8%.」
Operating income, ordinary income and net income all remained positive, but declined substantially from the same period of the previous year. No recurring operating loss has been incurred, but earnings levels have fallen. - FY2021MitigatedAnnual report
「As a result, for the consolidated fiscal year, net sales were ¥592 million, up 8.6% year on year; operating income was ¥43 million, up 669.1%; ordinary income was ¥41 million, up 598.3%; and net income attributable to owners of the parent was ¥41 million, up 949.8%.」
The company recorded operating income of ¥43 million, ordinary income of ¥41 million and net income attributable to owners of the parent of ¥41 million for the consolidated fiscal year, further improving its recurring operating loss position. However, there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved. - FY2021-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the consolidated fiscal year, net sales were ¥448 million, up 11.9% year on year; operating income was ¥35 million; ordinary income was ¥32 million; and quarterly net income attributable to owners of the parent was ¥33 million, up 932.6% year on year.」
For the cumulative third quarter, the company recorded operating income of ¥35 million, ordinary income of ¥32 million and quarterly net income attributable to owners of the parent of ¥33 million, indicating improved profitability from operating income of ¥0 million and other results in the same period of the previous year. - FY2021-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the consolidated fiscal year, net sales were ¥301 million, up 13.3% year on year; operating income was ¥18 million, compared with an operating loss of ¥0 million; ordinary income was ¥16 million; and quarterly net income attributable to owners of the parent was ¥14 million, up 401.8% year on year.」
Operating income turned from an operating loss in the same period of the previous year to ¥18 million, and the company also recorded ordinary income and quarterly net income attributable to owners of the parent. Although there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved, profitability is improving. - FY2021-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the consolidated fiscal year, net sales were ¥153 million, up 3.2% year on year; operating income was ¥8 million, compared with operating income of ¥3 million; ordinary income was ¥7 million, compared with ordinary income of ¥3 million; and quarterly net income attributable to owners of the parent was ¥8 million, compared with quarterly net income attributable to owners of the parent of ¥2 million.」
The company recorded operating income of ¥8 million, ordinary income of ¥7 million and quarterly net income attributable to owners of the parent of ¥8 million in the first quarter, increasing profit from the same period of the previous year. As there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved, this is treated as continued improvement. - FY2020MitigatedAnnual report
「As a result, net sales for the consolidated fiscal year were ¥545 million, up 1.3% from the previous fiscal year; operating income was ¥5 million, up 118.6%; ordinary income was ¥5 million, compared with ordinary income of ¥0 million; and net income attributable to owners of the parent was ¥3 million, compared with a net loss attributable to owners of the parent of ¥5 million.」
The company recorded operating income, ordinary income and net income attributable to owners of the parent, improving its recurring operating loss position. However, there is no explicit disclosure that the uncertainty regarding the going-concern assumption has been resolved. - FY2020-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the consolidated fiscal year, net sales were ¥400 million, down 0.3% year on year; operating income was ¥0 million, compared with an operating loss of ¥5 million; ordinary income was ¥1 million, compared with an ordinary loss of ¥8 million; and quarterly net income attributable to owners of the parent was ¥3 million, compared with a quarterly net loss attributable to owners of the parent of ¥12 million.」
For the cumulative third quarter, operating income was ¥0 million, ordinary income was ¥1 million and quarterly net income attributable to owners of the parent was ¥3 million, representing an improvement from the operating loss, ordinary loss and net loss in the same period of the previous year. - FY2020-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the consolidated fiscal year, net sales were ¥266 million, up 1.6% year on year; the operating loss was ¥0 million, compared with an operating loss of ¥9 million; ordinary income was ¥0 million, compared with an ordinary loss of ¥11 million; and quarterly net income attributable to owners of the parent was ¥2 million, compared with a quarterly net loss attributable to owners of the parent of ¥13 million.」
During the cumulative second quarter, the operating loss narrowed from ¥9 million in the same period of the previous year to ¥0 million, while ordinary profit and loss turned from a loss to income, as did quarterly net profit and loss attributable to owners of the parent. There is no disclosure that the uncertainty regarding the going-concern assumption has been resolved. - FY2020-Q1MitigatedAnnual report
「As a result, for the cumulative first quarter of the consolidated fiscal year, net sales were ¥148 million, up 15.9% year on year; operating income was ¥3 million, compared with an operating loss of ¥7 million; ordinary income was ¥3 million, compared with an ordinary loss of ¥8 million; and quarterly net income attributable to owners of the parent was ¥2 million, compared with a quarterly net loss attributable to owners of the parent of ¥9 million.」
The company turned from an operating loss, ordinary loss and net loss in the same period of the previous year to operating income of ¥3 million, ordinary income of ¥3 million and net income of ¥2 million in the first quarter. As there is no disclosure that the risk related to the going-concern assumption has been resolved, this is treated as continued improvement. - FY2019MitigatedAnnual report
「As a result, net sales for the consolidated fiscal year were ¥538 million, down 3.8% from the previous fiscal year; operating income was ¥2 million, compared with an operating loss of ¥19 million; ordinary income was ¥0 million, compared with an ordinary loss of ¥19 million; and net loss attributable to owners of the parent was ¥5 million, compared with a net loss attributable to owners of the parent of ¥24 million.」
Operating income turned from a ¥19 million loss in the previous fiscal year to income of ¥2 million, improving the recurring operating loss position. However, net loss attributable to owners of the parent was ¥5 million, and the disclosure does not state that all profitability issues have been resolved. - FY2019-Q3MitigatedAnnual report
「For the cumulative third quarter of the consolidated fiscal year, net sales were ¥401 million, up 1.5% year on year; the operating loss was ¥5 million, compared with an operating loss of ¥31 million in the same period of the previous year; the ordinary loss was ¥8 million, compared with an ordinary loss of ¥31 million; and the quarterly net loss attributable to owners of the parent was ¥12 million, compared with a quarterly net loss attributable to owners of the parent of ¥35 million.」
Although the significant uncertainty regarding the going-concern assumption cannot yet be ruled out, the operating loss narrowed from ¥31 million in the same period of the previous year to ¥5 million, the ordinary loss from ¥31 million to ¥8 million, and the quarterly net loss from ¥35 million to ¥12 million. The company continues to explain that, even taking into account cash and deposits of ¥450.335 million and borrowings of ¥281.013 million, there is no immediate impact on its ability to continue operations. - FY2019-Q2MitigatedAnnual report
「The Group recorded operating losses of ¥36.121 million in the consolidated fiscal year before the previous fiscal year and ¥19.713 million in the previous consolidated fiscal year. As recurring operating losses have been incurred, the Group recognizes that circumstances exist that give rise to significant doubt regarding the going-concern assumption.」
Significant doubt regarding the going-concern assumption remains explicitly disclosed, but the operating loss for the cumulative second quarter narrowed to ¥9 million from ¥25 million in the same period of the previous year. - FY2019-Q1MitigatedAnnual report
「The Group recorded operating losses of ¥36.121 million in the consolidated fiscal year before the previous fiscal year and ¥19.713 million in the previous consolidated fiscal year. As recurring operating losses have been incurred, the Group recognizes that circumstances exist that give rise to significant doubt regarding the going-concern assumption.」
Significant doubt regarding the going-concern assumption remains explicitly disclosed, but the operating loss for the first quarter narrowed to ¥7.162 million from ¥16.561 million in the same period of the previous year. - FY2018MitigatedAnnual report
「The Group recorded operating losses of ¥36.121 million in the previous consolidated fiscal year and ¥19.713 million in the current consolidated fiscal year. As recurring operating losses have been incurred, the Group recognizes that circumstances exist that give rise to significant doubt regarding the going-concern assumption.」
The consolidated operating loss narrowed from ¥36.121 million to ¥19.713 million, but recurring operating losses and significant doubt regarding the going-concern assumption remain explicitly disclosed. - FY2018-Q3RestatedAnnual report
「Our group has continued to record operating losses as a result of recording an operating loss in the previous consolidated fiscal year. We also recorded an operating loss during the cumulative third-quarter consolidated period under review and recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
The company continues to recognize recurring operating losses and significant doubt regarding the going-concern assumption. The operating loss narrowed slightly to ¥31 million from ¥33 million in the same period of the previous year, while the quarterly net loss was ¥35 million. - FY2018-Q2WorsenedAnnual report
「Our group has continued to record operating losses as a result of recording an operating loss in the previous consolidated fiscal year. We also recorded an operating loss during the cumulative second-quarter consolidated period under review and recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
Significant doubt regarding the going-concern assumption continues, and the operating loss for the cumulative second quarter increased to ¥25 million (¥20 million in the same period of the previous year). The company also explains that, based on cash and deposits of ¥523.846 million and borrowings of ¥264.387 million, there is no immediate impact on its ability to continue operations. - FY2018-Q1WorsenedAnnual report
「As a result, for the cumulative first-quarter consolidated period under review, net sales were ¥126 million, down 8.2% year on year; operating loss was ¥16 million, compared with an operating loss of ¥6 million in the same period of the previous year; ordinary loss was ¥17 million, compared with an ordinary loss of ¥5 million; and quarterly net loss attributable to owners of the parent was ¥17 million, compared with a quarterly net loss attributable to owners of the parent of ¥5 million.」
In the first quarter under review, net sales declined 8.2% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all increased from the same period of the previous year. - FY2018-Q1WorsenedAnnual report
「Our group recorded operating losses of ¥12.689 million in the consolidated fiscal year before the previous fiscal year and ¥36.121 million in the previous consolidated fiscal year. As continued operating losses have occurred, we recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
The operating loss increased from ¥12.689 million in the consolidated fiscal year before the previous fiscal year to ¥36.121 million in the previous consolidated fiscal year, and an operating loss of ¥16 million was recorded in the first quarter under review. We continue to recognize material uncertainty regarding the going-concern assumption. - FY2017-Q3WorsenedAnnual report
「Our group has continued to record operating losses as a result of recording an operating loss in the previous consolidated fiscal year. We also recorded an operating loss during the cumulative third-quarter consolidated period under review and recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
It continues to indicate substantial doubt regarding the going-concern assumption. While the operating loss increased from ¥19 million in the same period of the previous year to ¥33 million, it also explains that, based on cash and deposits of ¥493.447 million and borrowings of ¥224.722 million, there is no immediate impact on business continuity. - FY2017-Q2RestatedAnnual report
「Our group has continued to record operating losses as a result of recording an operating loss in the previous consolidated fiscal year. We also recorded an operating loss during the cumulative second-quarter consolidated period under review and recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
It continues to explain that operating losses persisted in the previous fiscal year and the cumulative second-quarter consolidated period under review, and that substantial doubt exists regarding the going-concern assumption. - FY2017-Q1First statedAnnual report
「Our group has continued to record operating losses as a result of recording an operating loss in the previous consolidated fiscal year. We also recorded an operating loss during the cumulative first-quarter consolidated period under review and recognize that circumstances exist that raise substantial doubt about the going-concern assumption.」
It explicitly states that operating losses were incurred in the previous fiscal year and the first quarter under review, creating material uncertainty regarding the going-concern assumption.