Material Doubt about Going Concern Due to Consecutive Operating Losses
First written in FY2019-Q1. 9 of 13 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks arising from consecutive operating losses. - FY2022MitigatedAnnual report
「The company recorded operating losses in the fiscal years ended February 2018 and February 2020. In the fiscal year ended February 2022, efforts to strengthen product development capabilities and sales of proprietary products enabled it to achieve the sales target in the medium-term management plan, with sales of ¥3,957 million and operating profit of ¥56 million.」
While the company itself looks back on its past operating losses, it recorded operating profit of ¥56 million in the 111th business year as a result of strengthening product development and sales of proprietary products. The current annual report does not explicitly state the material doubt about the going-concern assumption disclosed in the past. - FY2022-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks arising from consecutive operating losses. - FY2022-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the material doubt about the going-concern assumption arising from consecutive operating losses. - FY2021MitigatedAnnual report
「The improvement in the loss rate at the manufacturing plant outweighed these factors, resulting in a 2.1% year-on-year increase in the gross profit margin. Operating profit was ¥17 million, compared with an operating loss of ¥72 million in the previous fiscal year.」
Regarding concerns about the going-concern assumption arising from consecutive operating losses in the past, operating profit returned to the black in the current fiscal year. The current annual securities report contains no explicit disclosure of the same material doubt. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding the material doubt about the going-concern assumption arising from consecutive operating losses, the company states that there are no new risks or material changes. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding the material doubt about the going-concern assumption arising from consecutive operating losses, the company states that there are no new risks or material changes. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding the material doubt about the going-concern assumption arising from consecutive operating losses, the company states that there are no new risks or material changes. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
Regarding the material doubt about the going-concern assumption arising from consecutive operating losses, the quarterly report states that there are no new risks or material changes. - FY2019MitigatedAnnual report
「In the fiscal year ended February 2019, the first year of the medium-term management plan and the 108th business year, sales and operating profit exceeded the plan, driven by expanded sales of proprietary products and improved productivity at the Niigata Plant, among other factors.」
Regarding the material doubt about the going-concern assumption arising from operating losses for 2 consecutive periods, the company states that operating profit returned to the black in the current fiscal year and that sales and operating profit in the first year of the medium-term management plan exceeded the plan. - FY2019-Q3RestatedAnnual report
「The company recorded operating losses in both the fiscal year ended February 2017 (106th fiscal year) and the fiscal year ended February 2018 (107th fiscal year), resulting in circumstances that raise material doubt about the going concern assumption. However, the company is working to restore its earnings capacity by taking specific measures to resolve these circumstances at an early stage, and determined that no material uncertainty regarding the going concern assumption existed because it had secured sufficient working capital for the future.」
While continuing to disclose a material event arising from operating losses for 2 consecutive periods, the company has reiterated its assessment that no material uncertainty exists due to its response measures and secured working capital. - FY2019-Q2RestatedAnnual report
「The company recorded operating losses in both the fiscal year ended February 2017 (106th fiscal year) and the fiscal year ended February 2018 (107th fiscal year), resulting in circumstances that raise material doubt about the going concern assumption. However, the company is working to restore its earnings capacity by taking specific measures to resolve these circumstances at an early stage, and determined that no material uncertainty regarding the going concern assumption existed because it had secured sufficient working capital for the future.」
While continuing to disclose a material event arising from operating losses for 2 consecutive periods, the company has reiterated its assessment that no material uncertainty exists due to its response measures and secured working capital. - FY2019-Q1First statedAnnual report
「The company recorded operating losses in both the fiscal year ended February 2017 (106th fiscal year) and the fiscal year ended February 2018 (107th fiscal year), resulting in circumstances that raise material doubt about the going concern assumption.」
The company first explicitly disclosed circumstances raising material doubt about the going concern assumption due to operating losses in the two consecutive fiscal years ended February 2017 and February 2018. However, it determined that no material uncertainty existed because of specific measures and the securing of working capital.