High interest-bearing debt and material uncertainty related to going concern
First written in FY2016. 2 of 5 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2017.
3 other companies' latest entry also says "Mitigated".
- FY2017MitigatedAnnual report
「The company's financial position has generally improved in line with its plan, mainly because it raised long-term stable funding through a syndicated loan and has established a sustained return to profitability.」
In light of its procurement of long-term stable funding and sustained profitability, there is no disclosure indicating substantial doubt regarding the going-concern assumption, and the trend toward lower risk has continued. - FY2017-Q3RestatedAnnual report
「After comprehensively reviewing these circumstances, the company determined that, during the first quarter of the consolidated fiscal year, no events or circumstances existed that raised substantial doubt about the going-concern assumption, and therefore decided not to include the “(4) Material Events and Other Matters” section included in the securities report for the previous fiscal year.」
The company has continued its decision not to disclose material events and other matters, based on completion of its structural reforms, refinancing with long-term stable funding, prospects for achieving its financial targets and its earnings outlook. - FY2017-Q2RestatedAnnual report
「After comprehensively reviewing these circumstances, the company determined that, during the first quarter of the consolidated fiscal year, no events or circumstances existed that raised substantial doubt about the going-concern assumption, and therefore decided not to include the “(4) Material Events and Other Matters” section included in the securities report for the previous fiscal year.」
The company has continued its decision not to disclose material events and other matters, based on its structural reforms, refinancing with long-term funding, prospects for achieving its financial targets and revisions to its earnings forecast. - FY2017-Q1MitigatedAnnual report
「After comprehensively reviewing these circumstances, the company determined that, as of the current date, no events or circumstances existed that raised substantial doubt about the going-concern assumption, and therefore decided not to include the “(4) Material Events and Other Matters” section included in the securities report for the previous fiscal year.」
The company discontinued the disclosure of material events and other matters based on completion of its structural reforms, refinancing with long-term stable funding, prospects for achieving its current ratio target and an upward revision to its earnings forecast. - FY2016First statedAnnual report
「In the fiscal year ended March 2010, the Group recorded consecutive operating losses and net losses attributable to the poor performance of its men's apparel retailing subsidiary, among other factors. Interest-bearing debt was also high due to the burden of funding the Phase 2 and Phase 3 development of “サントムーン柿田川” and the deficit working capital of the men's apparel retailing subsidiary. Although improvements have been pursued, the situation has not yet been resolved, and circumstances exist that raise substantial doubt about the Group's ability to continue as a going concern.」
Although circumstances existed that raised substantial doubt, the company determined that no material uncertainty existed regarding the going-concern assumption. Interest-bearing debt stood at ¥9.135 billion.