Material Uncertainty Related to Going Concern
First written in FY2020. 6 of 16 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「No applicable matters.」
There are no applicable matters in the note on the going concern assumption in the consolidated financial statements, and the material uncertainty disclosed through the previous period is not disclosed for the current fiscal year. - FY2025-H1MitigatedAnnual report
「No applicable matters.」
For the current interim consolidated accounting period, there is no disclosure indicating material uncertainty regarding the going concern assumption, representing a change from the status of certain material events disclosed through the previous period. - FY2024-Q3Some material events remain, while the absence of material uncertainty is statedAnnual report
「In the core karaoke room operations business, recovery in reduced use by business customers and declining late-night use have been slow, and a decline in karaoke use due to the diversification of entertainment options has also been observed. Accordingly, certain events and circumstances exist that raise substantial doubt regarding the going concern assumption.」
While the company continues to disclose that some material events remain due to the delayed recovery in karaoke demand and lower use resulting from the diversification of entertainment options, it maintains its ultimate determination that no material uncertainty exists as of the present time. - FY2024-Q2MitigatedAnnual report
「As the impact of COVID-19 continues to decline and economic activity continues to normalize, business performance is expected to improve. Accordingly, we have determined that material uncertainty regarding the going concern assumption does not exist as of the present time.」
The assessment regarding the material uncertainty about the going concern assumption, which had previously been disclosed continuously, has changed to a determination that no such uncertainty exists as of the present time, based on the expected return to profitability and completion of refinancing. - FY2024-Q1RestatedAnnual report
「These circumstances include events or conditions that raise substantial doubt about the going-concern assumption. The company will work to improve the situation by implementing the measures described in “Part 4 Financial Information, 1. Quarterly Consolidated Financial Statements, Notes to the Financial Statements (Matters Related to the Going-Concern Assumption).”」
Although there are signs of easing restrictions on activities and improving business performance, the company continues to disclose material doubt regarding the going concern assumption against a backdrop of operating losses for 4 consecutive fiscal years, a loss in the current quarter, the delayed recovery of the karaoke business, and a term loan prior to refinancing. - FY2023-Q2RestatedAnnual report
「Through the reliable implementation of the measures described above, the Group has strengthened its management foundation amid the COVID-19 pandemic. However, the likelihood of recovery in the core karaoke room operations business in the post-pandemic environment remains uncertain, and there is uncertainty regarding the extent and duration of the impact on future revenue and operating cash flow. Accordingly, material uncertainty regarding the going concern assumption exists as of the present time.」
While measures to strengthen the management foundation are being implemented, the company continues to disclose material uncertainty regarding the likelihood of recovery in the core karaoke business and the extent and duration of its impact on revenue and operating cash flow. - FY2023-Q1RestatedAnnual report
「These circumstances include events or conditions that raise substantial doubt about the going-concern assumption. The company will work to improve the situation by implementing the measures described in “Part 4 Financial Information, 1. Quarterly Consolidated Financial Statements, Notes to the Financial Statements (Matters Related to the Going-Concern Assumption).”」
The company states that it recorded an operating loss, ordinary loss, and quarterly net loss, and that material doubt regarding the going concern assumption continues to exist. - FY2022WorsenedAnnual report
「As a result, operating loss and ordinary loss were recorded for 3 consecutive fiscal years.」
Although net income attributable to owners of the parent was recorded, operating loss and ordinary loss continued for 3 consecutive fiscal years, and material uncertainty regarding the going concern assumption remains. - FY2022-Q3RestatedAnnual report
「As a result, business operations have been seriously affected, and we recognize that circumstances exist that raise substantial doubt regarding the going concern assumption.」
Although operating results have recovered, the company states that material doubt regarding the going concern assumption continues to exist against a backdrop of losses for 2 consecutive fiscal years, lower demand caused by COVID-19, financial covenants, and uncertainty over the timing of the recovery. - FY2022-Q2RestatedAnnual report
「These circumstances include events or conditions that raise substantial doubt about the going-concern assumption. The company will work to improve the situation by implementing the measures described in “Part 4 Financial Information, 1. Quarterly Consolidated Financial Statements, Notes to the Financial Statements (Matters Related to the Going-Concern Assumption).”」
Although ordinary profit and net profit were recorded in the current quarter, the company states that material doubt regarding the going concern assumption continues to exist against a backdrop of lower demand caused by COVID-19 and consecutive losses in previous periods. - FY2022-Q1MitigatedAnnual report
「Although operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent were recorded for the first quarter of the current consolidated cumulative period, consumer demand for karaoke and restaurant use has been affected by the prolonged measures to prevent the spread of COVID-19, and we have determined that recovery to pre-pandemic consumer demand will take longer than expected.」
Although operating profit, ordinary profit, and quarterly net profit were recorded in the current quarter, losses were recorded for 2 consecutive fiscal years through the previous fiscal year, and material doubt regarding the going concern assumption remains due to the prolonged recovery in demand. - FY2021-Q3RestatedAnnual report
「As a result, business operations have been seriously affected, and circumstances exist that raise substantial doubt regarding the going concern assumption.」
Against a backdrop of operating loss, ordinary loss, and quarterly net loss, as well as the prolonged impact of the infectious disease, material doubt and uncertainty regarding the going concern assumption continue to exist. - FY2021-Q1WorsenedAnnual report
「These circumstances include events or conditions that raise substantial doubt about the going-concern assumption. The company will work to improve the situation by implementing the measures described in “Part 4 Financial Information, 1. Quarterly Consolidated Financial Statements, Notes to the Financial Statements (Matters Related to the Going-Concern Assumption).”」
As in the previous fiscal year, the company recorded an operating loss, ordinary loss, and quarterly net loss attributable to owners of the parent in the first quarter, and material doubt regarding the going concern assumption remains. Net liabilities were also disclosed at the quarter-end. - FY2020First statedAnnual report
「These measures are still being implemented, and as of the present time, material uncertainty exists regarding the going concern assumption.」
Against a backdrop of store closures and voluntary operating restrictions, losses, and the need to raise funds and refinance debt, material uncertainty regarding the going concern assumption has been newly disclosed.