Significant Doubt and Uncertainty Regarding the Going Concern Assumption
First written in FY2023-Q2. 6 of 13 entries say "Restated". Latest entry: 2026-08-05.
The whole theme swung hardest in 2025: 26 of 50 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-08-05RestatedEarnings
「These events have created circumstances that raise significant doubt about the going concern assumption.」
高水準の借入金、過年度の親会社株主に帰属する当期純損失、追加補償費用の可能性を背景に、重要な疑義を生じさせる状況が継続している。一方、重要な不確実性は認められないとの判断も記載された。 - FY2026RestatedAnnual report
「These events have created circumstances that raise significant doubt about the going concern assumption.」
Although the company recorded operating profit and ordinary profit, the net loss attributable to owners of the parent was ¥593 million and borrowings were approximately ¥5.1 billion, with the possibility of additional compensation expenses remaining. Accordingly, circumstances raising significant doubt continued. The assessment that no material uncertainty was recognized was maintained, supported by the commitment line and other measures. - FY2026-H1RestatedAnnual report
「These events have created circumstances that raise significant doubt about the going concern assumption.」
Although the company recorded operating profit, ordinary profit, and interim net income attributable to owners of the parent during the interim period, circumstances raising significant doubt continued against a backdrop of net losses attributable to owners of the parent for 4 consecutive fiscal years, high borrowings, and the possibility of additional compensation expenses. At the same time, it was stated that the necessary funds were expected to be secured, and the assessment that no material uncertainty was recognized was maintained. - FY2025MitigatedAnnual report
「On 18 March 2025, we conducted a third-party allotment of shares to Dai Nippon Toryo Company,Limited, and became its consolidated subsidiary. Going forward, we expect to secure the necessary funds through support from the financial institutions that do business with that company. Accordingly, we have determined that no material uncertainty related to the going concern assumption was recognized.」
The assessment that no material uncertainty was recognized has continued, supported by operating profit and ordinary profit, the third-party allotment of shares, and expected support from Dai Nippon Toryo Company,Limited and financial institutions. However, the circumstances themselves that raise significant doubt remain disclosed. - FY2025-H1RestatedAnnual report
「These events have created circumstances that raise significant doubt about the going concern assumption.」
Although the company recorded operating profit and other profits during the interim period, it stated that circumstances raising significant doubt continued to exist against a backdrop of losses for 3 consecutive fiscal years through the previous fiscal year, high borrowings, and the possibility of additional compensation expenses. At the same time, the assessment that no material uncertainty was recognized has been maintained. - FY2024MitigatedAnnual report
「As the likelihood of breaching the financial covenants under the syndicated loan agreement increased during the current consolidated fiscal year, we executed an amendment agreement to the financial covenants on 29 March 2024, and expect to continue receiving support from financial institutions. As a result, we have determined that no material uncertainty related to the going concern assumption was recognized.」
While uncertainty remains regarding operating losses and additional compensation expenses, the assessment that no material uncertainty was recognized has been maintained, supported by the amendment agreement to the financial covenants and the expected support from financial institutions. - FY2024-Q3MitigatedAnnual report
「The committed term loan agreement under the syndicated loan will terminate upon expiry on 29 December 2023. We continue to discuss matters with our principal financial institutions, including entering into a new commitment line agreement, and expect to secure the necessary funds. As a result, we have determined that no material uncertainty related to the going concern assumption was recognized.」
While uncertainty remains regarding operating losses and additional compensation expenses, the assessment that the necessary funds are expected to be secured has continued, supported by the termination of the existing agreement, a new commitment line agreement, and discussions with financial institutions. - FY2024-Q2MitigatedAnnual report
「As amendment agreements to the financial covenants under each agreement were executed on 27 September 2023, the matter had been resolved as of the end of the second quarter of the current consolidated fiscal year. As a result, the company determined that no material uncertainty related to the going concern assumption was recognized.」
While uncertainty remains regarding the operating loss of ¥389 million and other items and compensation expenses, the covenant breach was resolved through amendment agreements to the financial covenants and additional financing, and the company’s assessment changed to one that no material uncertainty related to the going concern assumption was recognized. - FY2023WorsenedAnnual report
「As a result, at the end of the current consolidated fiscal year, the company breached the financial covenants attached to the term loan agreement and committed term loan agreement under the syndicated loan, constituting an event that could result in the loss of the benefit of time, among other consequences.」
As a result of an operating loss of ¥1,203 million and other factors, the company breached the syndicated loan’s financial covenants, constituting an event that could result in the loss of the benefit of time. - FY2023-Q3WorsenedAnnual report
「During the 9-month period of the current consolidated fiscal year, measures to revise selling prices and rationalize production in response to soaring raw material prices and other factors remained limited, resulting in an operating loss of ¥863 million, an ordinary loss of ¥815 million, and a quarterly net loss attributable to owners of the parent of ¥1,290 million. These events have created circumstances that raise significant doubt about the going concern assumption.」
Losses increased, and circumstances raising significant doubt about the going concern assumption continued. At the same time, it was indicated that no material uncertainty was recognized at this point because funds were expected to be procured through financing and other means. - FY2023-Q2First statedAnnual report
「These events have created circumstances that raise significant doubt about the going concern assumption.」
Against a backdrop of an operating loss of ¥589 million, an ordinary loss of ¥474 million, a quarterly net loss attributable to owners of the parent of ¥860 million, and losses related to improper quality-related conduct, the company disclosed for the first time circumstances that raised significant doubt about the going concern assumption. At the same time, it indicated that no material uncertainty was recognized at this point because the necessary funds were expected to be secured.