Material doubt about the going-concern assumption
First written in FY2016. 14 of 32 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-11-13.
Vixton moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 61 companies on the "Worse" side.
14 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Group recorded an operating loss of ¥208.368 million, a net loss attributable to owners of the parent of ¥276.771 million, and negative cash flow from operating activities of ¥538.514 million in the previous consolidated fiscal year. In the current consolidated fiscal year, it also recorded an operating loss of ¥774.046 million, a net loss attributable to owners of the parent of ¥1,276.638 million, and negative cash flow from operating activities of ¥435.483 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Significant events related to the going-concern assumption continued, and the operating loss and net loss attributable to owners of the parent widened substantially from the previous year. The deficit in cash flow from operating activities also continued. However, it was also disclosed that no material uncertainty exists because liquidity on hand is being secured and various countermeasures are being implemented. - FY2026-H1WorsenedAnnual report
「The Group recorded an operating loss of ¥208.368 million, a net loss attributable to owners of the parent of ¥276.771 million, and negative cash flow from operating activities of ¥538.514 million in the previous consolidated fiscal year. During the current interim consolidated accounting period, it also recorded an operating loss of ¥322.833 million, an interim net loss attributable to owners of the parent of ¥320.059 million, and negative cash flow from operating activities of ¥181.906 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Significant events related to the going-concern assumption continued, and the operating loss and interim net loss widened from the same period of the previous year. However, it was also disclosed that no material uncertainty exists because of the various countermeasures. - FY2025-H1WorsenedAnnual report
「The Group recorded an operating loss of ¥172.336 million, a net loss attributable to owners of the parent of ¥175.879 million, and negative cash flow from operating activities of ¥76.610 million in the previous consolidated fiscal year. During the current interim consolidated accounting period, it also recorded an operating loss of ¥84.109 million and an interim net loss attributable to owners of the parent of ¥81.548 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the operating loss and net loss narrowed from the same period of the previous year, negative cash flow from operating activities widened from an outflow of ¥54.360 million in the same period of the previous year to an outflow of ¥248.168 million, and cash and cash equivalents also declined by ¥106.793 million. Significant events related to the going-concern assumption remain. - FY2024MitigatedAnnual report
「The Group recorded an operating loss of ¥220.355 million, a net loss attributable to owners of the parent of ¥256.105 million, and negative cash flow from operating activities of ¥352.396 million in the previous consolidated fiscal year. In the current consolidated fiscal year, it also recorded an operating loss of ¥172.336 million, a net loss attributable to owners of the parent of ¥175.879 million, and negative cash flow from operating activities of ¥76.610 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the significant events continued, the operating loss, net loss attributable to owners of the parent, and negative operating cash flow all narrowed from the previous year. The determination that no material uncertainty exists because of the countermeasures also remains unchanged. - FY2024-Q3MitigatedAnnual report
「The Group recorded an operating loss of ¥220.355 million, a net loss attributable to owners of the parent of ¥256.105 million, and negative cash flow from operating activities of ¥352.396 million in the previous consolidated fiscal year. During the current cumulative third quarter, it also recorded an operating loss of ¥127.110 million and a quarterly net loss attributable to owners of the parent of ¥126.692 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern. Because the countermeasures described above are being implemented, the Company has determined that no material uncertainty exists regarding the going-concern assumption.」
Although the significant events continued, the operating loss and loss attributable to owners of the parent during the current cumulative third quarter narrowed from the same period of the previous year. The determination that no material uncertainty exists because countermeasures are being implemented also remains unchanged. - FY2024-Q2WorsenedAnnual report
「The Group recorded an operating loss of ¥220.355 million, a net loss attributable to owners of the parent of ¥256.105 million, and negative cash flow from operating activities of ¥352.396 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥115.891 million and a quarterly net loss attributable to owners of the parent of ¥104.155 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Significant events related to the going-concern assumption continued, and the operating loss for the cumulative second quarter widened from ¥90.664 million in the same period of the previous year to ¥115.891 million. The determination that no material uncertainty exists because of the countermeasures remains unchanged. - FY2024-Q1WorsenedAnnual report
「The Group recorded an operating loss of ¥220.355 million, a net loss attributable to owners of the parent of ¥256.105 million, and negative cash flow from operating activities of ¥352.396 million in the previous consolidated fiscal year. During the current cumulative first quarter, it also recorded an operating loss of ¥52.867 million and a quarterly net loss attributable to owners of the parent of ¥39.247 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Significant events related to the going-concern assumption continued, and the operating loss widened from ¥31.868 million in the same quarter of the previous year to ¥52.867 million. However, the determination that no material uncertainty exists because countermeasures are being implemented remains unchanged. - FY2023MitigatedAnnual report
「The Group recorded an operating loss of ¥681.607 million, a net loss attributable to owners of the parent of ¥745.991 million, and negative cash flow from operating activities of ¥835.560 million in the previous consolidated fiscal year. In the current consolidated fiscal year, it also recorded an operating loss of ¥220.355 million, a net loss attributable to owners of the parent of ¥256.105 million, and negative cash flow from operating activities of ¥352.396 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern. Because the countermeasures described above are being implemented, the Company has determined that no material uncertainty exists regarding the going-concern assumption.」
Although significant events remain, the operating loss, net loss, and negative operating cash flow all narrowed from the previous year, and the Company has stated that no material uncertainty exists because countermeasures are being implemented. - FY2023-Q3RestatedAnnual report
「The Group recorded an operating loss of ¥681.607 million, a net loss attributable to owners of the parent of ¥745.991 million, and negative cash flow from operating activities of ¥835.560 million in the previous consolidated fiscal year. During the current cumulative third quarter, it also recorded an operating loss of ¥154.830 million and a quarterly net loss attributable to owners of the parent of ¥193.782 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern. Because the countermeasures described above are being implemented, the Company has determined that no material uncertainty exists regarding the going-concern assumption.」
Although the operating loss and loss attributable to owners of the parent remain as significant events, the losses narrowed year on year, and the determination that no material uncertainty exists because of the countermeasures remains unchanged. - FY2023-Q2MitigatedAnnual report
「The Group recorded an operating loss of ¥681.607 million, a net loss attributable to owners of the parent of ¥745.991 million, and negative cash flow from operating activities of ¥835.560 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥90.664 million and a quarterly net loss attributable to owners of the parent of ¥102.193 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the significant events continued, the operating loss and loss attributable to owners of the parent during the current cumulative second quarter narrowed substantially from the same period of the previous year. The determination that no material uncertainty exists because countermeasures are being implemented also remains unchanged. - FY2023-Q1MitigatedAnnual report
「Because the countermeasures described above are being implemented, the Company has determined that no material uncertainty exists regarding the going-concern assumption.」
Although significant events, including an operating loss of ¥31.868 million, still exist, the losses narrowed from the same quarter of the previous year, and the Company has stated that no material uncertainty exists because countermeasures are being implemented. - FY2022-Q3WorsenedAnnual report
「The Group recorded an operating loss of ¥539.693 million, a net loss attributable to owners of the parent of ¥538.106 million, and negative cash flow from operating activities of ¥502.380 million in the previous consolidated fiscal year. During the current cumulative third quarter, it also recorded an operating loss of ¥506.747 million and a quarterly net loss attributable to owners of the parent of ¥559.316 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
The significant events continued during the cumulative third quarter, with an operating loss of ¥506.747 million and a quarterly net loss attributable to owners of the parent of ¥559.316 million. The losses widened from the previous year’s operating loss of ¥385.220 million and net loss of ¥392.758 million. However, it was also disclosed that no material uncertainty exists because countermeasures are being implemented. - FY2022-Q2WorsenedAnnual report
「The Group recorded an operating loss of ¥539.693 million, a net loss attributable to owners of the parent of ¥538.106 million, and negative cash flow from operating activities of ¥502.380 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥321.959 million and a quarterly net loss attributable to owners of the parent of ¥369.597 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
In addition to the substantial losses and negative operating cash flow in the previous consolidated fiscal year, the current cumulative second quarter recorded an operating loss of ¥321.959 million and a quarterly net loss attributable to owners of the parent of ¥369.597 million. The significant events continued. It was also disclosed that no material uncertainty exists because countermeasures are being implemented. - FY2022-Q1WorsenedAnnual report
「The Group recorded an operating loss of ¥539.693 million, a net loss attributable to owners of the parent of ¥538.106 million, and negative cash flow from operating activities of ¥502.380 million in the previous consolidated fiscal year. During the current cumulative first quarter, it also recorded an operating loss of ¥162.041 million and a quarterly net loss attributable to owners of the parent of ¥205.384 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
In addition to the substantial losses and negative operating cash flow in the previous consolidated fiscal year, the current first quarter recorded an operating loss of ¥162.041 million and a quarterly net loss attributable to owners of the parent of ¥205.384 million, so the significant events continued to exist. The determination that no material uncertainty exists because of the countermeasures was also disclosed. - FY2021WorsenedAnnual report
「The Group recorded an operating loss of ¥546 million, a net loss attributable to owners of the parent of ¥777 million, and negative cash flow from operating activities of ¥345 million in the previous consolidated fiscal year. In the current consolidated fiscal year, it also recorded an operating loss of ¥539 million, a net loss attributable to owners of the parent of ¥538 million, and negative cash flow from operating activities of ¥502 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
For the full year, the operating loss, net loss attributable to owners of the parent, and negative operating cash flow continued, with the operating cash flow deficit widening from the previous year. The determination that no material uncertainty exists because countermeasures are being implemented was also disclosed. - FY2021-Q3RestatedAnnual report
「The Group recorded an operating loss of ¥546 million, a net loss attributable to owners of the parent of ¥777 million, and negative cash flow from operating activities of ¥345 million in the previous consolidated fiscal year. During the current cumulative third quarter, it also recorded an operating loss of ¥385 million and a quarterly net loss attributable to owners of the parent of ¥392 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
The cumulative third quarter also recorded an operating loss and a quarterly net loss attributable to owners of the parent, and events or circumstances that raise substantial doubt about the going-concern assumption continue to be disclosed. However, the determination that no material uncertainty exists because countermeasures are being implemented remains unchanged. - FY2021-Q2WorsenedAnnual report
「The Group recorded an operating loss of ¥546 million, a net loss attributable to owners of the parent of ¥777 million, and negative cash flow from operating activities of ¥345 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥256 million and a quarterly net loss attributable to owners of the parent of ¥258 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
In addition to the substantial losses and negative operating cash flow in the previous consolidated fiscal year, the current cumulative second quarter recorded an operating loss of ¥256 million and a quarterly net loss attributable to owners of the parent of ¥258 million. Cash and cash equivalents declined to ¥80 million, and significant events related to the going-concern assumption continued. However, the Company has determined that no material uncertainty exists because countermeasures are being implemented. - FY2021-Q1WorsenedAnnual report
「The Group recorded an operating loss of ¥546.216 million, a net loss attributable to owners of the parent of ¥777.815 million, and negative cash flow from operating activities of ¥345.698 million in the previous consolidated fiscal year. During the current cumulative first quarter, it also recorded an operating loss of ¥134.716 million and a quarterly net loss attributable to owners of the parent of ¥134.428 million. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
In addition to the substantial losses and negative operating cash flow in the previous consolidated fiscal year, the Company recorded an operating loss and a quarterly net loss attributable to owners of the parent in the current first quarter, and explicitly disclosed events or circumstances that raise substantial doubt about the going-concern assumption. However, it has determined that no material uncertainty exists because countermeasures are being implemented. - FY2019MitigatedAnnual report
「(Matters Relating to the Going Concern Assumption) There are no applicable matters.」
As in the previous fiscal year, no matters regarding the going-concern assumption were applicable. - FY2018MitigatedAnnual report
「(Matters Relating to the Going Concern Assumption) There are no applicable matters.」
The matters regarding the going-concern assumption disclosed through the previous fiscal year were reported as not applicable in the current fiscal year. The report also disclosed a return to operating and ordinary profit, positive operating cash flow, and an increase in cash and cash equivalents. - FY2018-Q3MitigatedAnnual report
「The Group recorded an operating loss of ¥246.299 million and a net loss attributable to owners of the parent of ¥987.647 million in the previous consolidated fiscal year. Although it recorded an operating profit of ¥31.032 million and a quarterly net profit attributable to owners of the parent of ¥3.414 million during the current cumulative third quarter, it had continued to record substantial operating losses and net losses attributable to owners of the parent through the previous consolidated fiscal year.」
The current cumulative third quarter recorded an operating profit and profit attributable to owners of the parent, reducing risk factors in the most recent results. However, substantial doubt and material uncertainty regarding the going-concern assumption continue to be disclosed because of the substantial losses in prior fiscal years. - FY2018-Q2RestatedAnnual report
「The Group recorded an operating loss of ¥246.299 million and a net loss attributable to owners of the parent of ¥987.647 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥14.117 million, down ¥111.799 million from the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥25.550 million, down ¥181.210 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the operating loss and loss attributable to owners of the parent narrowed substantially from the same period of the previous year, losses were still recorded, and substantial doubt and material uncertainty regarding the going-concern assumption continue to be disclosed. - FY2018-Q1RestatedAnnual report
「The Group recorded an operating loss of ¥246.299 million and a net loss attributable to owners of the parent of ¥987.647 million in the previous consolidated fiscal year. During the current cumulative first quarter, it also recorded an operating loss of ¥18.349 million, down ¥60.903 million from the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥19.002 million, down ¥69.234 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the losses narrowed from the same quarter of the previous year, an operating loss and a loss attributable to owners of the parent were recorded, and substantial doubt and material uncertainty regarding the going-concern assumption continue to be disclosed. - FY2017-Q3RestatedAnnual report
「The Group recorded an operating loss of ¥545.637 million and a net loss attributable to owners of the parent of ¥484.692 million in the previous consolidated fiscal year. During the current cumulative third quarter, it also recorded an operating loss of ¥195.804 million, down ¥210.083 million from the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥268.294 million, down ¥106.324 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the losses narrowed from the same quarter of the previous year, the cumulative third quarter still recorded an operating loss and a loss attributable to owners of the parent, and substantial doubt and material uncertainty regarding the going-concern assumption continue to be disclosed. - FY2017-Q2RestatedAnnual report
「The Group recorded an operating loss of ¥545.637 million and a net loss attributable to owners of the parent of ¥484.692 million in the previous consolidated fiscal year. During the current cumulative second quarter, it also recorded an operating loss of ¥125.916 million, down ¥150.490 million from the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥206.760 million, down ¥75.831 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the operating loss and loss attributable to owners of the parent narrowed from the same quarter of the previous year, losses were still recorded, and substantial doubt and material uncertainty regarding the going-concern assumption have been disclosed. - FY2017-Q1RestatedAnnual report
「The Group recorded an operating loss of ¥545.637 million and a net loss attributable to owners of the parent of ¥484.692 million in the previous consolidated fiscal year. During the current cumulative first quarter, it also recorded an operating loss of ¥79.252 million, down ¥63.738 million from the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥88.236 million, down ¥56.760 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
Although the losses narrowed from the same quarter of the previous year, the first quarter still recorded an operating loss and a loss attributable to owners of the parent, and substantial doubt and material uncertainty regarding the going-concern assumption continue to be disclosed. - FY2016First statedAnnual report
「The Group recorded an operating loss of ¥159.238 million and a net loss attributable to owners of the parent of ¥150.051 million in the previous consolidated fiscal year. In the current consolidated fiscal year, it also recorded an operating loss of ¥545.637 million, an increase of ¥386.399 million year on year, and a net loss attributable to owners of the parent of ¥484.692 million, an increase of ¥334.641 million year on year. As a result, circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
In light of operating losses and losses attributable to owners of the parent for 2 consecutive periods, substantial doubt and material uncertainty have been disclosed.