Material Uncertainty Related to Going Concern Due to COVID-19
First written in FY2021-Q2. 5 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
11 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「Based on the foregoing, we determined that, as of the present time, no events or conditions existed that raised substantial doubt about the going concern assumption and eliminated the disclosure under “Significant Events and Conditions Related to the Going Concern Assumption.”」
The disclosure of significant events and conditions related to the going concern assumption was eliminated in light of the recovery in performance and the expected return to profitability in the fiscal year ending March 2024. - FY2023-Q3RestatedAnnual report
「Based on the foregoing, we currently recognize that events or conditions exist that raise substantial doubt about the going concern assumption.」
Although the nine-month period turned profitable, the company continues to recognize significant events related to the going concern assumption due to the possibility of operating losses after the end of the single-building lease. - FY2023-Q2RestatedAnnual report
「The possibility of continued operating losses remains after the end of the single-building lease. Based on the foregoing, we currently recognize that events or conditions exist that raise substantial doubt about the going concern assumption.」
Although the second quarter turned profitable, the company continues to recognize significant events related to the going concern assumption due to the possibility of continued operating losses after the end of the single-building lease as a care facility. - FY2023-Q1RestatedAnnual report
「Based on the foregoing, we currently recognize that events or conditions exist that raise substantial doubt about the going concern assumption.」
Although the first quarter was profitable, the company stated that events or conditions existed that raised substantial doubt about the going concern assumption due to losses in prior years and the possibility of significant operating and net losses going forward. - FY2022RestatedAnnual report
「During the fiscal year, our company was significantly affected by the spread of COVID-19 and recorded an operating loss of ¥3,243.623 million and a net loss of ¥3,261.097 million. As the effects on business could exceed expectations depending on restrictions on the flow of people associated with the infection situation, we currently recognize that events or conditions exist that raise substantial doubt about the going concern assumption.」
The company recorded an operating loss and net loss for the full fiscal year and stated that events existed that raised substantial doubt about the going concern assumption. Meanwhile, in light of financing and other measures, it determined that no material uncertainty existed. - FY2022-Q3RestatedAnnual report
「Our company was significantly affected by the spread of COVID-19 and recorded an operating loss of ¥6,632.957 million and a net loss of ¥7,518.422 million in the previous fiscal year. During the three-month period ended December 2021, the state of emergency was lifted on 30 September 2021, and restrictions on the number of people at restaurants and events were gradually lifted, with the flow of people beginning to recover. However, due to the effects of previous declarations of a state of emergency and priority preventive measures, we recorded an operating loss of ¥2,926.319 million and a quarterly net loss of ¥2,905.933 million during the nine-month period ended December 2021. Accordingly, events and conditions existed that raised substantial doubt about the going concern assumption.」
Events raising substantial doubt about the going concern assumption continued into the third quarter. Although there were signs of a recovery in human traffic, cumulative losses continued to be recorded. - FY2022-Q2WorsenedAnnual report
「Our company was significantly affected by the spread of COVID-19 and recorded an operating loss of ¥6,632.957 million and a net loss of ¥7,518.422 million in the previous fiscal year. During the six-month period ended September 2021, the spread of the infection remained unresolved, and the effects of declarations of a state of emergency and priority preventive measures resulted in an operating loss of ¥2,513.752 million and a quarterly net loss of ¥2,351.603 million. Accordingly, events and conditions existed that raised substantial doubt about the going concern assumption.」
Events raising substantial doubt about the going concern assumption continued, and an operating loss and quarterly net loss were recorded during the six-month period ended September 2021. Meanwhile, the company determined that no material uncertainty existed in light of its response measures. - FY2022-Q1WorsenedAnnual report
「During the three-month period ended June 2021, the spread of the infection remained unresolved, and the effects of declarations of a state of emergency and the implementation of priority preventive measures resulted in an operating loss of ¥1,514.456 million and a quarterly net loss of ¥1,427.609 million. Accordingly, events or conditions existed that raised substantial doubt about the going concern assumption.」
The effects of the infection continued into the first quarter, and the recognition of an operating loss and quarterly net loss meant that events raising substantial doubt about the going concern assumption continued. - FY2021WorsenedAnnual report
「The Group was significantly affected by the spread of COVID-19 during the fiscal year under review, recording an operating loss of ¥7,056,697 thousand and a net loss for the year attributable to owners of the parent of ¥7,518,460 thousand. As a result, as of 31 March 2021, the Group was in breach of financial covenants under loan agreements entered into with certain financial institutions.」
Significant events related to the going concern assumption continued, and the possibility of a full-year loss widening, as well as a breach of financial covenants, was explicitly stated. - FY2021-Q3WorsenedAnnual report
「Our group was significantly affected by the spread of COVID-19 during the nine-month period ended December 2020, resulting in an operating loss of ¥5,358.591 million and a quarterly net loss attributable to owners of the parent of ¥5,549.168 million. As a result, events and conditions existed that raised substantial doubt about the going concern assumption.」
Events raising substantial doubt about the going concern assumption continued, and the operating loss and quarterly net loss attributable to owners of the parent widened to ¥5,358.591 million and ¥5,549.168 million, respectively. - FY2021-Q2First statedAnnual report
「Our group was significantly affected by the spread of COVID-19 during the six-month period ended September 2020, resulting in an operating loss of ¥4,042.810 million and a quarterly net loss attributable to owners of the parent of ¥4,175.812 million. As a result, events and conditions existed that raised substantial doubt about the going concern assumption.」
For the first time, events and conditions raising substantial doubt about the going concern assumption were explicitly stated due to the recognition of an operating loss and a quarterly net loss attributable to owners of the parent caused by COVID-19. However, the company determined that no material uncertainty existed in light of its response measures.