Liquidity and Dependence on Major Customers Relating to the Going Concern Assumption
First written in FY2025. 3 of 9 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-09-30.
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2027-H1RestatedAnnual report
「Events that give rise to significant doubt about the going concern assumption existed at the end of the previous consolidated fiscal year, and the same situation continues at the end of the interim consolidated accounting period under review.」
The material event relating to the going concern assumption continued at the end of the interim period against a backdrop of continuing operating losses, declining cash levels, and uncertainty over the expansion of the customer base. Meanwhile, specific measures were developed, including deepening relationships with existing customers, developing new customers, collecting trade receivables, controlling costs, and pursuing capital-market financing, bank borrowings, and commitment lines. - 2026-06-12RestatedEarnings
「Events that give rise to significant doubt about the going concern assumption existed at the end of the previous consolidated fiscal year, and the same situation continues at the end of the first-quarter consolidated accounting period under review.」
Significant events relating to the going concern assumption continued at the end of the first quarter. - FY2026WorsenedAnnual report
「In such circumstances, operating cash flow would decrease and concerns about funding throughout the Group would arise. Accordingly, we recognize that, as of the end of the consolidated fiscal year under review, events exist that give rise to significant doubt about the going concern assumption.」
The material event relating to the going concern assumption continued at the fiscal year-end against a backdrop of operating and net losses, declining cash levels, and significantly negative cash flows from operating activities. - FY2026-H1WorsenedAnnual report
「In such circumstances, cash flows from operating activities would decline and concerns about cash-flow management would arise for the Group as a whole. Accordingly, circumstances existed at the end of the previous consolidated fiscal year that raised substantial doubt about the going concern assumption, and the same situation continues at the end of the current interim consolidated accounting period.」
The material event relating to the going concern assumption continued at the end of the interim period. Cash flows from operating activities decreased by ¥3,323 million, and cash and cash equivalents declined to ¥6,064 million. Uncertainty over transactions with a specific major customer also remains. - FY2025MaterialisedAnnual report
「In such circumstances, cash flows from operating activities would decline and concerns about cash-flow management would arise for the Group as a whole. Accordingly, circumstances exist that raise substantial doubt about the going concern assumption.」
A material event relating to the going concern assumption was disclosed for the first time against a backdrop of continuing operating losses, substantial net loss attributable to owners of the parent, declining cash levels, research and development investment in the network business, and uncertainty over the continuation of transactions with a specific major customer. Meanwhile, the Company has determined that no material uncertainty exists based on the expansion of its customer base, cost reductions, and consideration of capital-market financing and bank borrowings.