Material Doubt Regarding Going Concern and Securing Working Capital
First written in FY2019-Q3. 6 of 14 entries say "Restated". Latest entry: 2026-08-13.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- 2026-08-13RestatedEarnings
「During the first quarter of the current consolidated fiscal year, the Group continuously recorded an operating loss and a quarterly net loss attributable to owners of the parent. Accordingly, we recognize that events or circumstances giving rise to significant doubt about the going concern assumption continue to exist.」
The Company states that significant doubt continues to exist because operating loss and quarterly net loss attributable to owners of the parent have continued. It also states that sufficient cash on hand has been secured and that it concluded there is no material uncertainty. - FY2026MitigatedAnnual report
「In January 2026, we entered into a capital and business alliance with サイブリッジ合同会社 and issued new shares through a private placement, raising capital by approximately ¥600 million to strengthen our financial position.」
Although operating loss, ordinary loss and net loss have continued, the company states that the approximately ¥600 million capital increase and ¥820.358 million in cash and deposits have strengthened its financial stability and near-term funding position. - 2026-05-14RestatedRevision of earnings forecasts
「The Group continuously recorded an operating loss and a net loss attributable to owners of the parent during the consolidated fiscal year. Accordingly, we recognize that events or circumstances giving rise to significant doubt about the going concern assumption continue to exist.」
The Company states that significant doubt about the going concern assumption continues to exist. It also explains that the capital increase secured cash on hand and financial soundness. - FY2026-H1RestatedAnnual report
「Our group continued to report an operating loss during the current interim consolidated accounting period. As a result, circumstances currently exist that raise material doubt regarding the going-concern assumption. However, because our group holds cash on hand available for working capital needs for the foreseeable future, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While material doubt exists due to continued operating losses, the company continues to state its determination that no material uncertainty exists because it holds cash on hand available for working capital needs for the foreseeable future. - FY2025-H1RestatedAnnual report
「Our group continued to report an operating loss during the current interim consolidated accounting period. As a result, circumstances currently exist that raise material doubt regarding the going-concern assumption. However, because our group holds sufficient cash on hand available for working capital needs for the foreseeable future, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While recognizing that continued operating losses create material doubt, the company continues to state its determination that no material uncertainty exists because it holds sufficient cash on hand. - FY2021-Q3MitigatedAnnual report
「However, our group's effective cash balance at the end of the third quarter of the current consolidated fiscal year consisted of ¥370.190 million in cash and deposits and ¥7.969 million in deposits in securities accounts classified as Deposits (other current assets), for a total of ¥378.159 million, providing sufficient working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While material doubt regarding the going-concern assumption continues, the company says it has secured effective cash on hand of ¥378.159 million as sufficient working capital. - FY2021-Q2MitigatedAnnual report
「However, our group's effective cash balance at the end of the second quarter of the current consolidated fiscal year consisted of ¥326.900 million in cash and deposits and ¥34.917 million in deposits in securities accounts classified as Deposits (other current assets), for a total of ¥361.817 million, providing sufficient working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While material doubt regarding the going-concern assumption continues, the company says its effective cash on hand was ¥361.817 million and that it had secured sufficient working capital. - FY2021-Q1MitigatedAnnual report
「However, our group's effective cash balance at the end of the first quarter of the current consolidated fiscal year consisted of ¥266.164 million in cash and deposits and ¥61.568 million in deposits in securities accounts classified as Other (deposits), for a total of ¥327.732 million, providing sufficient working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While material doubt continues due to operating losses in 2 consecutive fiscal years, the company maintains its determination that no material uncertainty exists, treating effective cash on hand of ¥327.732 million, comprising cash and deposits and deposits in securities accounts, as sufficient working capital. - FY2020WorsenedAnnual report
「However, following the exercise of the First Series of Stock Acquisition Rights, our group held cash and deposits of ¥283.823 million at the end of the current consolidated fiscal year, with no interest-bearing debt, and had secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While maintaining its determination that the necessary working capital has been secured and no material uncertainty exists, the company reports that cash and deposits declined from ¥314.888 million at the end of the previous fiscal year to ¥283.823 million, and that operating loss and net loss have continued. - FY2020-Q3MitigatedAnnual report
「However, our group held cash and deposits of ¥277.235 million at the end of the third quarter of the current consolidated fiscal year and had secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
Although material doubt due to continued net losses and overdue collection of loans and other receivables remains, cash and deposits increased from ¥252.194 million at the end of the previous quarter to ¥277.235 million, and the company says it has secured the necessary working capital. - FY2020-Q2WorsenedAnnual report
「However, our group held cash and deposits of ¥252.194 million at the end of the second quarter of the current consolidated fiscal year and had secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While material doubt due to continued net losses and overdue collection of loans and other receivables persists, cash and deposits declined from ¥270.993 million at the end of the first quarter to ¥252.194 million. The company says it has secured the necessary working capital and has determined that no material uncertainty exists. - FY2020-Q1RestatedAnnual report
「However, following the exercise of the First Series of Stock Acquisition Rights, our group held cash and deposits of ¥270.993 million at the end of the first quarter of the current consolidated fiscal year and had secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While noting material doubt due to continued net losses and overdue collection of loans and other receivables, the company says it has secured the necessary working capital through ¥270.993 million in cash and deposits and has determined that no material uncertainty exists. - FY2019RestatedAnnual report
「However, following the exercise of the First Series of Stock Acquisition Rights, our group held cash and deposits of ¥314.888 million at the end of the current consolidated fiscal year, with no interest-bearing debt, and had secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While noting material doubt due to continued net losses and delays in collecting loans and other receivables, the company says it has secured the necessary working capital through ¥314.888 million in cash and deposits and has no interest-bearing debt, and has determined that no material uncertainty exists. - FY2019-Q3First statedAnnual report
「Because collection of loans and other receivables from business partners with which we have entered into business alliance agreements has been overdue, and for other reasons including the recognition of an allowance for doubtful accounts, we have continued to report quarterly net losses attributable to owners of the parent, creating circumstances that raise material doubt regarding the going-concern assumption. However, following the exercise of the First Series of Stock Acquisition Rights, our group held cash and deposits of ¥313.585 million at the end of the third quarter of the current consolidated fiscal year and has secured the necessary working capital. Accordingly, we have determined that no material uncertainty exists regarding the going-concern assumption.」
While stating that material doubt exists due to overdue collection of loans and other receivables and continued net losses, the company says it has secured the necessary working capital through ¥313.585 million in cash and deposits after the exercise of the stock acquisition rights and that no material uncertainty exists.