Risk of entering a grace period for delisting due to negative net worth
First written in FY2021. 6 of 11 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Total net assets at the end of the interim consolidated accounting period were ¥1,266 million, an increase of ¥383 million from the end of the previous consolidated fiscal year.」
Net assets remained positive and increased by ¥383 million from the end of the previous fiscal year, further improving the financial condition underlying the risk of entering a grace period for delisting due to excess liabilities. - FY2026-H1MitigatedAnnual report
「Net assets totaled ¥798 million at the end of the interim consolidated accounting period, an increase of ¥120 million from the end of the previous consolidated fiscal year.」
Net assets remained positive and increased from the end of the previous fiscal year, further improving the financial condition underlying the risk of entering the grace period for delisting due to negative net worth. - FY2024MitigatedAnnual report
「Total net assets were ¥417 million, an increase of ¥113 million from the end of the previous consolidated fiscal year.」
After negative net worth was eliminated, net assets increased from ¥303 million to ¥417 million. The financial condition underlying entry into the grace period for delisting improved. - FY2024-Q1MitigatedAnnual report
「Net assets were ¥384 million as of the end of the first quarter of the current consolidated fiscal period, an increase of ¥81 million from the end of the previous consolidated fiscal year.」
Net assets remained positive and increased by ¥81 million from the end of the previous fiscal year, confirming an improvement in the negative net worth position. However, material uncertainty regarding the going-concern assumption continues separately. - FY2023MitigatedAnnual report
「Although the Company eliminated its negative net worth in the fiscal year ended February 2023, the financial position of the Group remains weak.」
The negative net worth that had continued from the end of the previous fiscal year was eliminated at the end of the fiscal year ended February 2023, improving the financial condition underlying entry into the grace period for delisting. However, the weakness of the financial position continues. - FY2023-Q3RestatedAnnual report
「Although the Company had negative net worth as of the end of the third quarter of the current consolidated fiscal period, it will work to eliminate it by implementing the measures described in (4).」
Negative net worth continued at the end of the third quarter, and the financial condition underlying entry into the grace period for delisting had not been resolved. - FY2023-Q2RestatedAnnual report
「Although the Company had negative net worth as of the end of the second quarter of the current consolidated fiscal period, it will work to eliminate it by implementing the measures described in (5).」
Negative net worth continued at the end of the second quarter, and the financial condition underlying entry into the grace period for delisting had not been resolved. - FY2022MaterialisedAnnual report
「As of the end of the fiscal year ended February 2022, the Company had not eliminated its negative net worth and fell under the negative net worth provision in Article 601, Paragraph 1, Item 5 of the Tokyo Stock Exchange's Securities Listing Regulations, making its shares subject to the grace period for delisting.」
The Company's entry into the grace period for delisting, which had previously been described as a possibility and risk, was recorded as an actual event at the end of the fiscal year ended February 2022. - FY2022-Q3MitigatedAnnual report
「The company had eliminated its negative net worth as of the end of the first nine months of the fiscal year under review. However, the outlook for the environment surrounding the Group remains uncertain, and the company will continue working to strengthen equity capital and reduce interest-bearing debt.」
The company documented the elimination of negative net worth, indicating an improvement in the financial condition underlying entry into a grace period for delisting. However, uncertainty surrounding the financial environment remains. - FY2022-Q1RestatedAnnual report
「As a result, the company recorded a quarterly net loss attributable to owners of the parent due to a substantial decline in sales during the first quarter of the fiscal year under review and had negative net worth.」
Negative net worth continued at the end of the first quarter, and the financial condition that had led to the indication at the end of the previous fiscal year of entry into a grace period for delisting had not been resolved. - FY2021First statedAnnual report
「The company is expected to be unable to eliminate its negative net worth as of the end of the fiscal year ending February 2021, thereby falling under Article 601, Paragraph 1, Item 5 of the Tokyo Stock Exchange Securities Listing Regulations concerning negative net worth and becoming a listed issue subject to a grace period for delisting.」
The possibility of becoming a listed issue subject to a grace period for delisting due to negative net worth was explicitly identified as a standalone risk for the first time.