Material doubt regarding the going concern assumption

「その結果、当第１四半期連結累計期間において営業損失15,299千円を計上しており、継続企業の前提に関する重要な疑義を生じさせるような事象又は状況が引き続き存在しております。」

「In the current consolidated fiscal year, we recorded an operating loss of ¥57.055 million due to changes in the market environment for our core global marketing business and the cancellation of some existing projects, among other factors, and recognize that circumstances giving rise to significant doubt about the going-concern assumption continue to exist.」

「As a result, the Group recorded an operating loss of ¥39.721 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「As a result, the Group had not yet achieved a full-scale expansion in sales and profit during the current consolidated fiscal year. It recorded an operating loss of ¥105.017 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group recorded an operating loss of ¥92.673 million in the previous consolidated fiscal year. Although demand for inbound marketing, such as promotions targeting visitors to Japan, was gradually recovering, the Group remained in the process of restructuring its organisation through greater efficiency and rationalisation, and had not yet achieved a full-scale expansion in sales and profit during the current interim consolidated accounting period. As a result, the Group recorded an operating loss of ¥31.258 million in the current interim consolidated accounting period. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「As a result, the Group recorded an operating loss of ¥92.673 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「As a result, the Group recorded an operating loss of ¥62.454 million in the cumulative third quarter of the current consolidated fiscal year. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group recorded an operating loss of ¥71.980 million in the previous consolidated fiscal year. In the cumulative second quarter of the current consolidated fiscal year, the business environment remained extremely challenging, as demand, mainly from private-sector companies, for inbound marketing, such as promotions targeting visitors to Japan, had not yet fully recovered while the effects of the spread of COVID-19 continued. As a result, the Group recorded an operating loss of ¥44.384 million in the cumulative second quarter.」

「The Group recorded an operating loss of ¥71.980 million in the previous consolidated fiscal year. In the cumulative first quarter of the current consolidated fiscal year, the business environment remained extremely challenging, as demand, mainly from private-sector companies, for inbound marketing, such as promotions targeting visitors to Japan, had not yet fully recovered while the effects of the spread of COVID-19 continued. As a result, the Group recorded an operating loss of ¥28.282 million in the cumulative first quarter. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「As a result, the Group recorded an operating loss of ¥71.980 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group recorded an operating loss of ¥40.497 million in the previous consolidated fiscal year. In the cumulative third quarter of the current consolidated fiscal year, the business environment remained extremely challenging, as demand, mainly from private-sector companies, for inbound marketing, such as promotions targeting visitors to Japan, had not yet fully recovered while the effects of the spread of COVID-19 continued. As a result, the Group recorded an operating loss of ¥57.536 million in the cumulative third quarter. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group recorded an operating loss of ¥40.497 million in the previous consolidated fiscal year. In the cumulative second quarter of the current consolidated fiscal year, the business environment remained extremely challenging, as demand, mainly from private-sector companies, for inbound marketing, such as promotions targeting visitors to Japan, had not yet fully recovered while the effects of the spread of COVID-19 continued. As a result, the Group recorded an operating loss of ¥55.159 million in the cumulative second quarter. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern. In terms of liquidity, as of the end of the current quarter’s consolidated accounting period, the Group held ¥637.419 million in cash and deposits, which was sufficient to cover working capital and investment requirements for the foreseeable future. The Company therefore determined that there were no significant concerns regarding cash management.」

「The Group recorded an operating loss of ¥162.531 million in the previous consolidated fiscal year. It also recorded an operating loss of ¥40.497 million in the current consolidated fiscal year. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group experienced a substantial decline in visitors to Japan due to the spread of COVID-19, resulting in a significant drop in demand for inbound marketing, its principal service. Consequently, the previous consolidated fiscal year saw a significant decline in sales, a material operating loss and significantly negative operating cash flow, and events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern remain present.」

「The Group experienced a substantial decline in visitors to Japan due to the spread of COVID-19, resulting in a significant drop in demand for inbound marketing, its principal service. Consequently, the previous consolidated fiscal year saw a significant decline in sales, a material operating loss and significantly negative operating cash flow, and events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern remain present.」

「The group's core inbound marketing service suffered a substantial decline in demand as the number of visitors to Japan fell sharply due to the spread of COVID-19. As a result, the group has experienced a significant decline in revenue, a material operating loss and significantly negative operating cash flow, and events or conditions exist that raise substantial doubt about the group's ability to continue as a going concern.」

「The Group recorded an operating loss of ¥10.912 million in the previous consolidated fiscal year. In the cumulative third quarter of the current consolidated fiscal year, sales also declined as demand for inbound marketing, the Group’s principal service, fell due to a sharp decline in visitors to Japan resulting from the spread of COVID-19, and the Group recorded an operating loss of ¥125.420 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」

「The Group recorded an operating loss of ¥10.912 million in the previous consolidated fiscal year. In the cumulative second quarter of the current consolidated fiscal year, sales also declined as demand for inbound marketing, the Group’s principal service, fell due to a sharp decline in visitors to Japan resulting from the spread of COVID-19, and the Group recorded an operating loss of ¥92.345 million. These circumstances give rise to conditions that may cast significant doubt on the Group’s ability to continue as a going concern.」