Material uncertainty regarding the going concern assumption and attachment of overdue social insurance premiums
株式会社海帆 and the Company group (株式会社SSS, KR ENERGY JAPAN合同会社, KRエナジー１号合同会社, 株式会社Kaihan Medical, and others)
The food service business, renewable energy business, medical business and other businesses. As a subsequent event, a total of 16 stores under the “Shinjidai” and “Shinjidai 44” brands
Continued operating losses, ordinary losses and net losses, violations of financial covenants, overdue social insurance premiums and tight liquidity. In addition, declining sales at existing stores, higher raw material prices and personnel expenses, and an increase in the provision for doubtful accounts
Operating loss of ¥460,785 thousand, ordinary loss of ¥504,024 thousand and net loss attributable to owners of the parent of ¥514,814 thousand. Overdue social insurance premiums totaled ¥41,892 thousand, comprising ¥32,614 thousand in claims for the return of security deposits and ¥2,784 thousand in credit-card funds attached
First quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026). The attachments were material subsequent events in July 2026
The Company has withheld disclosure of its full-year consolidated earnings forecast because the impact of structural reforms remains fluid, making it difficult to reasonably calculate the figures. The forecast will be disclosed promptly once it becomes possible to calculate it reasonably. There is no revision to the latest disclosed earnings forecast
Related procedures
Attachment of overdue social insurance premiums
Japan Pension Service
Company response
Interim review of the quarterly consolidated financial statements by Progress Audit Corporation, the independent auditor. No conclusion was expressed
In the food service business, the Company will make use of operating expertise for high-margin stores through outsourcing and strengthen the management of food material costs and personnel expenses. In the renewable energy business, it will proceed with the construction, sale of electricity generated by, and purchase and sale of solar power generation facilities, as well as a hydroelectric power generation business in Nepal. The Company will also work on regular discussions with financial institutions, the execution of multiple financing projects, improving its earnings capacity and strengthening its financial position
The Company will disclose the earnings forecast promptly once it becomes possible to calculate it reasonably
| Item | Details |
|---|---|
| Event name | Material uncertainty regarding the going concern assumption and attachment of overdue social insurance premiums |
| Date of occurrence | 15 July 2026 and 21 July 2026 (attachment of claims for the return of security deposits), and 22 July 2026 (attachment of credit-card funds) |
| Subject Entity | 株式会社海帆 and the Company group (株式会社SSS, KR ENERGY JAPAN合同会社, KRエナジー１号合同会社, 株式会社Kaihan Medical, and others) |
| Target Locations / Products | The food service business, renewable energy business, medical business and other businesses. As a subsequent event, a total of 16 stores under the “Shinjidai” and “Shinjidai 44” brands |
| Cause | Continued operating losses, ordinary losses and net losses, violations of financial covenants, overdue social insurance premiums and tight liquidity. In addition, declining sales at existing stores, higher raw material prices and personnel expenses, and an increase in the provision for doubtful accounts |
| Amount of Impact on Business Performance | Operating loss of ¥460,785 thousand, ordinary loss of ¥504,024 thousand and net loss attributable to owners of the parent of ¥514,814 thousand. Overdue social insurance premiums totaled ¥41,892 thousand, comprising ¥32,614 thousand in claims for the return of security deposits and ¥2,784 thousand in credit-card funds attached |
| Accounting period in which recognized | First quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026). The attachments were material subsequent events in July 2026 |
| Impact on Earnings Forecast | The Company has withheld disclosure of its full-year consolidated earnings forecast because the impact of structural reforms remains fluid, making it difficult to reasonably calculate the figures. The forecast will be disclosed promptly once it becomes possible to calculate it reasonably. There is no revision to the latest disclosed earnings forecast |
| Type of litigation or proceeding | Attachment of overdue social insurance premiums |
| Court or authority | Japan Pension Service |
| Date of filing / date of action | 15 July 2026, 21 July 2026 and 22 July 2026 (attachment dates) |
| Investigation structure | Interim review of the quarterly consolidated financial statements by Progress Audit Corporation, the independent auditor. No conclusion was expressed |
| Outlook | In the food service business, the Company will make use of operating expertise for high-margin stores through outsourcing and strengthen the management of food material costs and personnel expenses. In the renewable energy business, it will proceed with the construction, sale of electricity generated by, and purchase and sale of solar power generation facilities, as well as a hydroelectric power generation business in Nepal. The Company will also work on regular discussions with financial institutions, the execution of multiple financing projects, improving its earnings capacity and strengthening its financial position |
| Planned follow-up disclosure | The Company will disclose the earnings forecast promptly once it becomes possible to calculate it reasonably |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company explained that its performance deteriorated due to declining sales at existing stores, higher store operating costs including raw material prices and personnel expenses, and an increase in the provision for doubtful accounts. It also stated that the impact of structural reforms through M&A and the transfer of businesses operated at its stores remains fluid, making it difficult to reasonably calculate its full-year earnings forecast. Regarding the going concern assumption, the Company cited the continued recording of losses, violations of financial covenants, overdue social insurance premiums and tight liquidity.