Continued Operating Losses and Negative Operating Cash Flow
First written in FY2022. 5 of 13 entries say "Restated". Latest entry: 2026-07-14.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-07-14MitigatedEarnings
「Cash flow from operating activities increased by ¥527.243 million, compared with an increase of ¥201.834 million in the same period of the previous year.」
The positive cash flow from operating activities increased from the same period of the previous year, indicating a reduction in the realized risk of operating losses and negative operating cash flow. - FY2026-H1MitigatedAnnual report
「Cash flow from operating activities increased by ¥527.243 million, compared with an increase of ¥201.834 million in the same period of the previous year.」
Positive cash flow from operating activities increased from the same period of the previous year, reducing in actual results during the interim consolidated accounting period the risk of negative operating cash flow that had recurred in the previous fiscal year. Operating income was also positive at ¥328 million. - 2026-04-13MitigatedEarnings presentation
「As a result, operating profit reached ¥119 million, resulting in a profit and an improvement of ¥132 million year on year.」
Compared with the operating loss recorded again for FY2025, the first quarter delivered positive operating profit. However, operating cash flow was not disclosed in this release, so it does not indicate that overall risk has been eliminated. - FY2025WorsenedAnnual report
「If the Group is unable to generate sufficient sales going forward, or if new investment in services in the research and development phase increases, operating losses and negative cash flow from operating activities may occur.」
Cash flow from operating activities, which was positive in the fiscal year ended November 2024, declined by ¥498 million in the fiscal year ended November 2025, and an operating loss recurred. As a result, the risks of operating losses and negative operating cash flow have re-emerged in actual results. - FY2025-H1MitigatedAnnual report
「Funds generated from operating activities amounted to ¥202 million, compared with an increase of ¥198 million in the same period of the previous year.」
Cash flow from operating activities remained positive at ¥202 million for the interim consolidated accounting period, further reducing the risk of negative operating cash flow based on actual results. Meanwhile, operating income was limited to ¥17 million, leaving uncertainty regarding profitability. - FY2024MitigatedAnnual report
「The Group reported its first operating profit since establishment for the fiscal year ended November 2024, although it had incurred operating losses in the past.」
The risk of continued operating losses remains a possibility going forward, but the Group reported operating income of ¥58 million and cash flow from operating activities of ¥223 million, indicating improvement and reduced risk in actual results. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current fiscal year, there were no new business or other risks, and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was explicitly stated that there were no material changes in business and other risks, and the previous risk assessment concerning operating losses and negative operating cash flow remained unchanged. Meanwhile, operating income and operating cash flow were positive for the cumulative quarter. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the previous fiscal year's securities report.」
It was explicitly stated that there were no material changes in business and other risks, and the previous risk assessment concerning operating losses and negative operating cash flow remained unchanged. Meanwhile, operating income was positive for the quarter. - FY2023WorsenedAnnual report
「The Group has continuously incurred operating losses and negative operating cash flow. At the same time, its performance is trending upward as a result of higher sales and cost reductions through selective focus. Accordingly, although the Group has not reached the point of disclosing a note on the going concern assumption, it recognizes that events or conditions exist that could raise significant doubt about that assumption.」
Although the improvement in performance was also noted, the disclosure explicitly identified continued operating losses and negative operating cash flow, as well as events and conditions raising significant doubt about the going concern assumption. - FY2023-Q3RestatedAnnual report
「The operating loss for the cumulative third quarter was ¥376 million.」
The Group continued to report an operating loss in the cumulative third quarter. It states that there have been no material changes in business and other risks since the previous fiscal year's securities report. - FY2023-Q2RestatedAnnual report
「The operating loss for the cumulative second quarter was ¥465 million.」
The Group continued to report an operating loss in the cumulative second quarter. It states that there have been no material changes in business and other risks since the previous fiscal year. - FY2023-Q1RestatedAnnual report
「The operating loss for the cumulative first quarter was ¥197 million.」
The Group continued to report an operating loss in the quarter. It states that there have been no material changes in business and other risks since the previous fiscal year. - FY2022First statedAnnual report
「The Group has continued to report operating losses. If it is unable to generate the planned level of sales going forward, operating losses and negative cash flow from operating activities may continue.」
Risk arising from an operating loss of ¥580 million and negative cash flow from operating activities of ¥567 million for the period.