Material Uncertainty Regarding Going Concern Due to Consecutive Losses
First written in FY2016. 22 of 32 entries say "Restated". Latest entry: 2026-10-09.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-10-09RestatedOccurring Fact
「As a result of these circumstances, events or conditions exist that raise significant doubt about the Company's ability to continue as a going concern.」
継続企業の前提に関する重要な疑義を生じさせる状況を引き続き記載している。 - FY2026-H1RestatedAnnual report
「As a result of these circumstances, events or conditions exist that raise significant doubt about the Company's ability to continue as a going concern.」
Although the company is pursuing business diversification, consolidation of operating sites and fundraising, it has not achieved sufficient improvement in profitability or its financial position and continues to disclose a situation giving rise to significant doubt about the going-concern assumption. - 2026-04-10RestatedOccurring Fact
「As a result of these circumstances, events or conditions exist that raise significant doubt about the Company's ability to continue as a going concern.」
継続企業の前提に関する重要な疑義を生じさせる事象又は状況の存在を継続して明示している。 - FY2025-H1WorsenedAnnual report
「As a result of these circumstances, events or conditions exist that raise significant doubt about the Company's ability to continue as a going concern.」
The company continues to explicitly identify circumstances giving rise to significant doubt about the going concern assumption, on the grounds that profitability recovery has been delayed in both domestic and overseas operations and that sufficient improvement in earnings power and financial condition has not been achieved. - FY2024-Q2RestatedAnnual report
「As a result of these circumstances, events or conditions exist that raise significant doubt about the Company's ability to continue as a going concern.」
The Company states that significant doubt regarding the going concern assumption continues to exist against a backdrop of delayed recovery in the overseas business and the lack of improvement in earnings power and financial position. - FY2023-Q3RestatedAnnual report
「These circumstances give rise to material doubt about the going concern assumption.」
The Company continues to explicitly state that the overseas business and other factors have prevented sufficient improvement in earnings power and financial position, and that significant doubt regarding the going concern assumption remains. - FY2023-Q2RestatedAnnual report
「These circumstances give rise to material doubt about the going concern assumption.」
Against a backdrop of sluggish growth in the overseas business and no improvement in earnings power or financial condition, the company continues to disclose material uncertainty regarding the going-concern assumption. - FY2023-Q1RestatedAnnual report
「These circumstances give rise to material doubt about the going concern assumption.」
Against a backdrop of sluggish growth in the overseas business and no improvement in earnings power or financial condition, the company continues to disclose material uncertainty regarding the going-concern assumption. - FY2022RestatedAnnual report
「These circumstances give rise to material doubt about the going concern assumption.」
Against a backdrop of stagnant overseas business, no improvement in earnings capacity or financial condition, and uncertainty over the progress of new businesses, the Company continues to explicitly disclose material doubt regarding the going concern assumption. - FY2022-Q3RestatedAnnual report
「However, these countermeasures are still in progress, and depending on future business progress, they may have a material impact on cash management. In addition, the exercise of the 5th and 6th Series of Stock Acquisition Rights and the resulting fundraising are not guaranteed to proceed as planned. Accordingly, as of the current date, material uncertainty regarding the going-concern assumption is recognized.」
The company continues to recognize material uncertainty regarding the going concern assumption, as business diversification and financing measures remain in progress and the exercise of stock acquisition rights as planned is not guaranteed. - FY2022-Q2RestatedAnnual report
「These circumstances give rise to material doubt about the going concern assumption.」
The Company continues to expressly identify material doubt regarding the going concern assumption due to stalled growth strategies and the lack of improvement in profitability and financial strength. - FY2022-Q1RestatedAnnual report
「However, because these measures include the launch of new businesses, their progress as planned is not assured. Depending on the progress of the business going forward, they could have a material impact on cash management, and material uncertainty regarding the going concern assumption therefore remains at this time.」
Because progress on measures, including new businesses, has not been assured and may have a material impact on cash management, the company continues to recognize material uncertainty. - FY2021Coexistence of improvement factors and material uncertaintyAnnual report
「In the domestic business, profitability improved as the company streamlined its operations by scaling back unprofitable businesses and consolidating and downsizing sales and production sites and head office functions. In the overseas business, however, the growth strategy has stalled, and the group as a whole has not achieved sufficient improvement in earnings power or its financial position.」
Although profitability in the domestic business has improved and repayments have resumed, material uncertainty regarding the going-concern assumption continues to be recognized due to stagnation in the overseas business. - FY2021-Q3RestatedAnnual report
「The Group recorded a profit during the cumulative third-quarter period, and liquidity of funds on hand improved through the exercise of the fourth series of stock acquisition rights. However, the Group has not yet achieved sufficient improvement in profitability or its financial position, as its overseas business continues to stagnate due to the impact of COVID-19 and other factors and it continues to receive support from financial institutions in the form of a temporary deferral of principal repayments on borrowings.」
The Company recorded a profit for the cumulative period through the third quarter, and liquidity improved through the exercise of stock acquisition rights. However, overseas business remained sluggish and dependence on repayment deferrals from financial institutions continued, so the Company continues to recognize material uncertainty regarding the going concern assumption. - FY2021-Q2Material uncertainty remains despite profit recognition and improved liquidityAnnual report
「The company recorded a profit for the six months ended September 30, and liquidity of funds on hand improved through the exercise of the fourth series of stock acquisition rights. However, because the overseas business continued to struggle due to the impact of COVID-19 and other factors and the company continues to receive support from financial institutions in the form of a grace period for repayment of loan principal for a specified period, it has not achieved sufficient improvement in earnings power or its financial position.」
Although the company recorded a profit and liquidity improved through the exercise of the fourth series of stock acquisition rights, material doubt and uncertainty regarding the going concern assumption continue due to sluggish growth in the overseas business and reliance on repayment deferrals. - FY2021-Q1Material uncertainty remains despite profit recognition and improved liquidityAnnual report
「The company recorded a profit during the first quarter of the consolidated fiscal year, and liquidity of funds on hand improved through the exercise of the fourth series of stock acquisition rights. However, during the first quarter of the consolidated fiscal year, the overseas business continued to struggle due to the impact of COVID-19 and other factors, and the company continued to receive support from financial institutions in the form of a moratorium on repayment of the principal of its borrowings for a certain period. As a result, it had not yet achieved sufficient earnings capacity or improved its financial position.」
The company recorded a profit in the first quarter, and liquidity improved through the exercise of the fourth series of stock acquisition rights. However, material doubt and uncertainty regarding the going concern assumption continue due to sluggish growth in the overseas business and reliance on repayment deferrals. - FY2020Continued material uncertainty regarding full-year profitabilityAnnual report
「The Group had recorded operating losses, ordinary losses and net losses attributable to owners of the parent for five consecutive fiscal years from the fiscal year ended November 2015 onward. However, as a result of pursuing various measures based on the “Medium-Term Management Plan for Fiscal 2020–2022” announced in August 2019, the Group recorded operating income, ordinary income and net income attributable to owners of the parent for the current consolidated fiscal year. “Because these measures are still in progress, material uncertainty regarding the going concern assumption is recognized at present.”」
Although the Company returned to profitability in the current fiscal year after 5 consecutive periods of losses, significant uncertainty continues because performance has fallen short of plan, repayment deferrals continue, and countermeasures are still in progress. - FY2020-Q3RestatedAnnual report
「The Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent for 5 consecutive fiscal years since the fiscal year ended November 2015. Consequently, although it recorded a profit for the cumulative third-quarter consolidated period under review, it continues to have substantial accumulated losses.」
Although the Company reported a profit for the cumulative third quarter of the current consolidated fiscal year, significant doubt and uncertainty regarding the going-concern assumption continue because of losses incurred for 5 consecutive fiscal years since the fiscal year ended November 2015 and substantial accumulated losses. - FY2020-Q2Profit recorded, but significant uncertainties remainAnnual report
「The Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent for 5 consecutive fiscal years since the fiscal year ended November 2015. Consequently, although it recorded a profit for the current second quarter cumulative period, it continues to have substantial accumulated losses.」
Although the Company reported a profit for the cumulative second quarter, significant doubt and significant uncertainty regarding the going-concern assumption continue because of losses incurred for 5 consecutive fiscal years and substantial accumulated losses. - FY2020-Q1Material uncertainty remains despite quarterly profitabilityAnnual report
「The Group has posted operating losses, ordinary losses and net losses attributable to owners of the parent for 5 consecutive fiscal years since the fiscal year ended November 2015. Although it posted a profit for the cumulative first quarter of the current consolidated fiscal year, it still has substantial accumulated losses.」
Although the company posted a profit in the first quarter, significant doubts and material uncertainties regarding the going-concern assumption continue because of losses in each of the past 5 consecutive fiscal years and substantial accumulated losses. - FY2019WorsenedAnnual report
「To resolve this situation, the Group will implement the measures described in “5. Accounting Status, Notes, Matters Related to the Going Concern Assumption.” However, as these measures are still in progress, material uncertainty regarding the going concern assumption remains at this time.」
After recording operating loss, ordinary loss and net loss for five consecutive fiscal years, and with countermeasures still in progress, the disclosure has changed from the previous assessment that “no material uncertainty was recognized” to stating that material uncertainty is recognized. - FY2019-Q3RestatedAnnual report
「The Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent since the 65th fiscal year, and also recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the first nine months of the fiscal year. These circumstances raise substantial doubt about the Group's ability to continue as a going concern. To resolve this situation at an early stage, the Group will seek to improve its earnings capacity by implementing the measures described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management (5) Significant Events, etc. Related to the Going Concern Assumption."」
The company continues to disclose consecutive losses since the 65th fiscal year and substantial doubt regarding the going concern assumption, stating that it aims to resolve these issues through measures under the medium-term management plan. - FY2019-Q2RestatedAnnual report
「Since the 65th fiscal year, the Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent, and it has also recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the cumulative second-quarter consolidated period under review. As a result, significant doubt exists regarding the going concern assumption. The Group will seek to improve its profitability by implementing the measures described in "2. Analysis of Financial Position, Operating Results and Cash Flows by Management (4) Significant Events and Other Matters Related to the Going Concern Assumption" in order to resolve this situation at an early stage.」
The company continues to disclose consecutive losses since the 65th fiscal year and material doubt about the going concern assumption. - FY2019-Q1RestatedAnnual report
「Since the 65th fiscal year, the group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent, and it has also recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the three months ended June 30. As a result, there are significant doubts about the going-concern assumption. However, the company aims to improve its earnings power by implementing the measures described in “2. Analysis of Financial Condition, Operating Results and Cash Flows by Management, (4) Material Events and Other Matters Related to the Going-Concern Assumption” to resolve this situation at an early stage.」
The company continues to disclose consecutive losses since the 65th fiscal year and material doubt about the going concern assumption. - FY2018WorsenedAnnual report
「The Group has recorded operating losses, ordinary losses, and net losses attributable to owners of the parent since the 65th fiscal year. As a result, it breached the financial covenants attached to the long-term borrowings from Mizuho Bank, Ltd. under an agreement entered into on 27 March 2018, but obtained the bank’s consent not to exercise its right to demand immediate repayment.」
Consecutive losses continued through the 68th fiscal period, and a breach of financial covenants also occurred, worsening the circumstances surrounding a material uncertainty regarding the going concern assumption. However, the company has determined that no material uncertainty exists in view of cash of ¥494 million and the issuance of stock acquisition rights. - FY2018-Q3RestatedAnnual report
「Since the 65th fiscal year, the group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent, and it has also recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the nine months ended December 31.」
The Company continues to disclose consecutive losses since the 65th fiscal year and material doubt regarding the going concern assumption. However, as it holds ¥508 million in cash and plans to secure the funds required through the issuance of stock acquisition rights with an exercise price adjustment clause, it has determined that no material uncertainty exists. - FY2018-Q2RestatedAnnual report
「The Group has recorded operating loss, ordinary loss and net loss attributable to owners of the parent since the 65th fiscal year, and also recorded operating loss, ordinary loss and net loss attributable to owners of the parent during the cumulative period of the second quarter. This situation has given rise to material doubt regarding the going concern assumption. However, the Group will seek to improve profitability by implementing the measures described in “3. Analysis of Financial Position, Operating Results and Cash Flows, (6) Matters Related to Significant Events, etc. Regarding the Going Concern Assumption” in order to resolve the situation promptly.」
The disclosure continues to note consecutive losses since the 65th fiscal year and material doubt regarding the going concern assumption. Operating loss and ordinary loss narrowed, but quarterly net loss increased due to impairment losses and other factors. - FY2018-Q1RestatedAnnual report
「To resolve this situation, we will improve profitability by implementing the measures described in “3. Analysis of Financial Position, Operating Results and Cash Flows (5) Significant Events and Other Matters Related to the Going-Concern Assumption.”」
The company continues to disclose consecutive losses since the 65th fiscal period and material doubt regarding the going concern assumption. At the same time, it has secured the necessary working capital through ¥400 million in borrowings and has determined that no material uncertainty exists regarding the going concern assumption. - FY2017RestatedAnnual report
「The group has recorded substantial operating losses, ordinary losses and net losses attributable to owners of the parent for 3 consecutive fiscal years, from the 65th through the 67th fiscal years. Although these circumstances give rise to significant doubt regarding the going concern assumption, the company determined that no material uncertainty regarding going concern exists as of the end of the current consolidated fiscal year because it held ¥342 million in cash and deposits and had secured the necessary working capital.」
While continuing to disclose consecutive losses from the 65th through the 67th fiscal periods and material uncertainty regarding the going-concern assumption, the company has also continued to determine that it holds ¥342 million in cash and that no material uncertainty exists. - FY2017-Q3RestatedAnnual report
「Our group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent since the 65th fiscal year, and recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the nine-month period of the current fiscal year. As a result, material uncertainty exists regarding the going-concern assumption. To resolve this situation at an early stage, we will seek to improve profitability by implementing the measures described in “3. Analysis of Financial Position, Operating Results and Cash Flows, (5) Significant Events and Other Matters Related to the Going-Concern Assumption.”」
The company continues to disclose consecutive losses from the 65th fiscal year onward and material uncertainty regarding the going-concern assumption. At the same time, it states that it will improve profitability through its response measures. - FY2017-Q1RestatedAnnual report
「Since the 65th fiscal year, the Group has recorded an operating loss, ordinary loss and net loss attributable to owners of the parent, and recorded an operating loss, ordinary loss and net loss attributable to owners of the parent for the first quarter of the fiscal year under review.」
The Company continues to report consecutive losses since the 65th fiscal year and material doubt regarding the going-concern assumption. However, it determined that no material uncertainty exists because the loss for the current quarter narrowed from the same period of the previous year and the Company holds ¥362 million in cash and deposits. - FY2016First statedAnnual report
「The Group recorded substantial operating losses, ordinary losses and net losses attributable to owners of the parent in both the 65th and 66th fiscal years. This situation gives rise to material doubt regarding the going concern assumption.」
The company states that the consecutive losses in the 65th and 66th fiscal years give rise to material doubt about the going concern assumption. However, it holds ¥480 million in cash and deposits and has determined that no material uncertainty exists.