Conditions Raising Significant Doubt About the Going-Concern Assumption
First written in FY2024. 4 of 7 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-10-15.
Happiness and D moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 26 of 49 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「As a result of declining sales of imported brand products due to the rapid depreciation of the yen and rising prices since the fiscal year ended August 2022, along with the closure of unprofitable stores, the Group has continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent since the fiscal year ended August 2023. In the current consolidated fiscal year, the Group also recorded an operating loss, ordinary loss and net loss attributable to owners of the parent, and recognises that circumstances exist that raise significant doubt about the going concern assumption.」
Regarding the circumstances raising significant doubt about the going concern assumption, the Company stated that, in addition to recurring losses since the fiscal year ended August 2023, the current fiscal year also resulted in an operating loss of ¥404.212 million, an ordinary loss of ¥435.62 million and a net loss of ¥808.614 million. - FY2025-H1WorsenedAnnual report
「As a result of declining sales of imported brand products due to the rapid depreciation of the yen and rising prices since the fiscal year ended August 2022, along with the closure of unprofitable stores, the Group has continuously recorded operating losses, ordinary losses and net losses attributable to owners of the parent since the fiscal year ended August 2023. In the interim period, the Group also recorded an operating loss, ordinary loss and interim net loss attributable to owners of the parent, and recognises that circumstances exist that raise significant doubt about the going concern assumption.」
Regarding the circumstances raising significant doubt about the going concern assumption, the Company stated that, in addition to recurring full-year losses since the fiscal year ended August 2023, it also recorded operating, ordinary and net losses in the interim period. - FY2024MaterialisedAnnual report
「The Group recognises that, as a result of declining sales of imported brand products due to the rapid depreciation of the yen and rising prices since the fiscal year ended August 2022, along with the closure of unprofitable stores, circumstances exist that raise significant doubt about the going concern assumption, as the Group recorded operating losses, ordinary losses and net losses attributable to owners of the parent in both the previous consolidated fiscal year and the current consolidated fiscal year.」
The Company independently identified for the first time as a major risk the circumstances raising significant doubt about the going concern assumption, after recording operating losses, ordinary losses and net losses attributable to owners of the parent for 2 consecutive consolidated fiscal years. Meanwhile, the Company determined that no material uncertainty exists.