Early resolution of material doubts regarding the going concern assumption
First written in FY2024-H1. 4 of 8 entries say "Achieved", first in FY2025-H1. Latest entry: 2026-05-15.
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- FY2025AchievedAnnual report
「Accordingly, we determined that no material uncertainty exists regarding the going-concern assumption.」
At year-end, total capital was ¥657,445 thousand and negative net assets had been eliminated, while cash and cash equivalents were ¥3,957,482 thousand. The judgment that no material uncertainty related to going concern existed was maintained. - FY2025-H1AchievedAnnual report
「Capital at the end of the current interim consolidated accounting period was ¥1,234,807 thousand and the negative-net-assets position was eliminated. Regarding liquidity, cash and cash equivalents at the end of the interim consolidated accounting period were ¥4,131,709 thousand, providing sufficient funds for continued operations. Accordingly, we judged that no material uncertainty related to the going-concern assumption existed.」
The issuance of ¥3.3 billion of Class A Shares, reduction of capital and application of deficit, and exercise of stock acquisition rights eliminated negative net assets and secured cash and cash equivalents of ¥4,131,709 thousand. The Company judged that no material uncertainty related to going concern existed. - FY2024AdvancedAnnual report
「As of 28 March 2025, 149,420 of the 81st Stock Acquisition Rights had been exercised, raising ¥1,280,920 thousand. In addition, as described in note 34, Subsequent Events, to the consolidated financial statements, the Board of Directors resolved on 15 January 2025 to issue ¥3,300,000 thousand of Class A Shares allocated to The San-in Godo Bank,Ltd.」
To eliminate negative net assets and improve profitability and liquidity, the Company raised ¥1,280,920 thousand through the 81st Stock Acquisition Rights and issued ¥3.3 billion of Class A Shares to The San-in Godo Bank,Ltd. Measures progressed, but uncertainty related to going concern remained. - FY2024-H1First statedAnnual report
「During the current interim consolidated accounting period, we recognized the early resolution of circumstances that raise significant doubt about the going-concern assumption through the measures described in “Notes to the Condensed Interim Consolidated Financial Statements, 11. Matters Related to the Going-Concern Assumption,” and the prompt achievement of a profitable business structure and improved liquidity as business and financial issues requiring priority attention.」
The early resolution of circumstances raising significant doubt about going concern and the prompt improvement of profitability and liquidity were first expressly identified as priority issues for the interim period.