Negative retained earnings and delays in recording profits
First written in FY2025. 1 of 3 entries say "Restated". Latest entry: FY2026.
Susmed moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2021: 8 of 10 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The company has recorded a net loss for the period from the second fiscal year (fiscal year ended June 2017) through the current fiscal year (fiscal year ended June 2026).」
The company explicitly stated that the period of recording net losses continued through the fiscal year ending June 2026, maintaining the risk that the timing of turning retained earnings positive will be delayed. - 2026-08-07RestatedEarnings
「For the fiscal year ending June 2027, we forecast business revenue of ¥838 million, up 68.7% year on year, operating loss of ¥461 million (a loss of ¥330 million in the previous fiscal year), ordinary loss of ¥474 million (a loss of ¥325 million in the previous fiscal year), and net loss of ¥541 million (a loss of ¥382 million in the previous fiscal year).」
Operating loss, ordinary loss and net loss are all expected to continue in the fiscal year ending June 2027, consistent with the risk of a delay in the timing of recording profits. - FY2025First statedAnnual report
「The Company has reported a net loss for each fiscal year from the second fiscal year (the fiscal year ended June 2017) through the current fiscal year (the fiscal year ended June 2025). The Company aims to expand future profits by promoting the acquisition of therapeutic app opportunities and pipeline development, but may be unable to record net income as planned in the future. In that case, the timing of retained earnings becoming positive could be significantly delayed.」
Against the background that the Company has reported net losses from the fiscal year ended June 2017 through the fiscal year ended June 2025, the risk that positive retained earnings may be delayed if future profit recognition does not progress as planned has been newly identified.