Going-Concern Risk From Three Consecutive Years of Losses and Negative Operating Cash Flow
First written in FY2025. 6 of 10 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-08-10.
Intrance moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「The Group recorded significant operating losses, ordinary losses and net losses attributable to owners of the parent for 4 consecutive years through the end of the current consolidated fiscal year, and also recorded significant negative operating cash flow. Although cash payments from the issuance of convertible bonds with share acquisition rights and share acquisition rights were received on 9 February 2026, resulting in cash and deposits of ¥1.504 billion at fiscal year-end, significant doubt about the Group's ability to continue as a going concern remains because the convertible bonds with share acquisition rights have not been converted into shares and the share acquisition rights have not been exercised.」
Significant losses and negative operating cash flow deteriorated from 3 consecutive years to 4 consecutive years. Cash and deposits increased to ¥1.504 billion through financing, but significant doubt remains because the conversion and exercise have not been completed. - FY2026-H1WorsenedAnnual report
「The Group recorded significant operating losses, ordinary losses and interim net losses during the current interim consolidated accounting period, as well as significant negative operating cash flow. Conditions raising significant doubt about its ability to continue as a going concern therefore remain.」
Following the previous consolidated fiscal year, the interim period also saw an operating loss of ¥213.851 million, an ordinary loss of ¥237.849 million, an interim net loss of ¥238.666 million and negative operating cash flow of ¥254.052 million, with conditions raising significant doubt about the Group's ability to continue as a going concern remaining in place. - FY2025First statedAnnual report
「The Group recorded significant operating losses, ordinary losses, and net losses attributable to owners of the parent for 3 consecutive fiscal years. It also recorded significant negative operating cash flow during the fiscal year, and cash and deposits had declined to ¥535 million at the fiscal year-end. Accordingly, circumstances existed at the fiscal year-end that raised significant doubt about the Group's ability to continue as a going concern.」
The Company initially disclosed significant doubt about its ability to continue as a going concern as a separate management issue, citing 3 consecutive years of significant losses, negative operating cash flow of ¥391,619 thousand, and cash and deposits of ¥535 million.