Early restoration of financial soundness
First written in FY2020. 10 of 24 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-08-14.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Net assets increased by ¥3,586 million from the end of the previous consolidated fiscal year to ¥1,366.8 million, partly due to the recording of ¥478.2 million in net income attributable to owners of the parent. As a result, the equity ratio was 13.8% at the end of the current consolidated fiscal year, up 3.5 percentage points from the end of the previous consolidated fiscal year.」
Profit recognition, debt repayments, and the implementation of the withdrawal from the resources business and the restructuring of zinc smelting showed quantitative progress in the early restoration of the financial position. However, the low equity ratio and significant doubt remain. - FY2026-H1WorsenedAnnual report
「The Company recognizes that circumstances exist that raise significant doubt about the going concern assumption, as it recorded an interim net loss attributable to owners of the parent and its equity ratio remains low at 5.5%.」
The Company recorded an interim loss in the first year of the business rehabilitation plan, and the equity ratio declined from 10.2% at the end of the previous fiscal year to 5.5%, worsening the early restoration of the financial position. - FY2025AdvancedAnnual report
「As the Company received a total investment of ¥7.5 billion through a third-party allotment capital increase from a fund advised by Advantage Partners, Inc. and Tatsumi Shokai Co., Ltd. on 13 March 2025, consolidated net assets at the end of the consolidated fiscal year were ¥10.082 billion, with an equity ratio of 10.2%.」
Completion of the payment for the third-party allotment capital increase restored net assets and the equity ratio from the end of the previous fiscal year. Early restoration of the financial position progressed, but the equity ratio remains low. - FY2025-H1AdvancedAnnual report
「As a result of recording interim net income attributable to owners of the parent of ¥4.208 billion during the interim consolidated accounting period, consolidated net assets stood at ¥6.739 billion at the end of the interim consolidated accounting period.」
The Company recorded profit for the interim period, and consolidated net assets recovered from ¥2.705 billion at the end of the previous fiscal year to ¥6.739 billion. The equity ratio also improved from 2.5% to 6.4%, but formulation of a business rehabilitation plan and support from financial institutions remain necessary. - FY2024WorsenedAnnual report
「We are currently working diligently to formulate a fundamental business rehabilitation plan to rapidly restore our significantly impaired financial base and return to a position in which dividends can be paid.」
Although early restoration of the financial position remains an ongoing challenge, conditions deteriorated substantially, with net assets of ¥2.705 billion, an equity ratio of 2.5%, and negative net assets on a non-consolidated basis. - FY2024-Q3WorsenedAnnual report
「The Group recorded a substantial quarterly net loss attributable to owners of the parent during the cumulative third-quarter period. In the second quarter, the substantial quarterly net loss attributable to owners of the parent reduced shareholders' equity, resulting in a breach, as of the end of the second quarter consolidated accounting period, of financial covenants attached to syndicated loan agreements entered into with multiple financial institutions.」
The Company recorded a quarterly net loss attributable to owners of the parent of ¥30.231 billion for the cumulative third-quarter period, making restoration of the financial position even more difficult. Meanwhile, the Company obtained financial institutions' agreement not to exercise their rights to accelerate repayment and statements of continued support. - FY2024-Q2WorsenedAnnual report
「As of the end of the second quarter consolidated accounting period, the Company breached financial covenants attached to syndicated loan agreements entered into with multiple financial institutions.」
The equity ratio declined to 18.4% due to substantial impairment losses and losses from affiliates, resulting in a breach of financial covenants. Cash management has been maintained for the time being through financial institutions' agreements not to exercise their rights and statements of continued support. - FY2024-Q1WorsenedAnnual report
「Although deferred hedge gains were recorded due to falling market prices, net assets decreased by ¥2,555 million from the end of the previous consolidated fiscal year to ¥4,796.3 million, partly due to the loss recorded in the first quarter and dividend payments. As a result, the equity ratio was 32.2%, down 3.1 percentage points from the end of the previous consolidated fiscal year.」
Net assets and the equity ratio declined due to the quarterly loss and dividend payments, and factors contributing to deterioration increased from the previous quarter regarding the early restoration of the financial position. - FY2023AdvancedAnnual report
「As a result of thorough inventory control to improve cash flows and other measures, cash flow from operating activities changed from an outflow in the previous fiscal year to an inflow.」
Cash flow from operating activities changed from an outflow of ¥5.178 billion in the previous fiscal year to an inflow of ¥11.009 billion through inventory reductions and improved cash flows, demonstrating concrete progress in restoring the financial position. - FY2023-Q3Financial recovery through profit recognition alongside increased liabilitiesAnnual report
「Interest-bearing debt increased to meet working capital requirements, rising by ¥13,171 million from the end of the previous consolidated fiscal year to ¥11,300.2 million. Net assets increased by ¥8,055 million from the end of the previous consolidated fiscal year to ¥5,402.0 million, partly due to higher retained earnings resulting from the profit recorded. As a result, the equity ratio was 32.3%, up 0.8 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio recovered due to profit recognition, interest-bearing debt increased to meet working capital needs, leaving recovery and increased burdens occurring simultaneously in the restoration of the financial position. - FY2023-Q2Financial recovery through profit recognition alongside increased liabilitiesAnnual report
「Net assets increased by ¥10.1 billion from the end of the previous consolidated fiscal year to ¥56.065 billion, mainly due to profit recognized in the cumulative second-quarter consolidated period, recognition of deferred hedge gains resulting from the decline in metal prices, and an increase in the foreign currency translation adjustment resulting from the appreciation of the Australian dollar. As a result, the equity ratio was 35.2%, up 3.7 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio improved due to profit recognition and other factors, interest-bearing debt increased to meet working capital needs, leaving recovery and increased burdens occurring simultaneously in the restoration of the financial position. - FY2023-Q1Financial recovery through profit recognition alongside increased liabilitiesAnnual report
「Net assets increased by ¥8,832 million from the end of the previous consolidated fiscal year to ¥5,479.7 million, partly due to an increase in the foreign currency translation adjustment account resulting from the stronger Australian dollar and the recording of deferred hedge gains resulting from falling market prices, in addition to profit recorded in the first quarter. As a result, the equity ratio was 33.7%, up 2.2 percentage points from the end of the previous consolidated fiscal year.」
Although net assets and the equity ratio improved due to profit recognition and other factors, liabilities increased by ¥7.795 billion, leaving improvement and increased burdens occurring simultaneously in the early restoration of the financial position. - FY2022Profit recognition alongside increased financial burdensAnnual report
「Early restoration of the financial position, which had been impaired by past deterioration in performance, is an urgent issue for the Group. As part of this effort, the Company maintained a ¥16 billion syndicated commitment facility from 29 March 2022 to 28 March 2023, continuing from the previous fiscal year, to strengthen its financial base.」
Although net income was recognized and net assets increased, inventories, working capital needs and interest-bearing debt also increased, and early restoration of the financial position remains an ongoing challenge. - FY2022-Q3Profit recognition alongside increased financial burdensAnnual report
「Net assets increased by ¥5,613 million from the end of the previous consolidated fiscal year to ¥4,707.8 million, partly due to higher retained earnings resulting from the profit recorded. As a result, the equity ratio was 33.6%, down 2.8 percentage points from the end of the previous consolidated fiscal year.」
Although net assets increased due to profit recognition, the equity ratio declined as interest-bearing debt increased to meet working capital needs, leaving improvement and increased financial burdens occurring simultaneously in the financial position. - FY2022-Q2Profit recognition alongside increased financial burdensAnnual report
「Liabilities increased as interest-bearing debt rose to meet increased working capital needs, including ore purchases driven by higher metal prices, and new mine investment. Interest-bearing debt increased by ¥14.120 billion from the end of the previous consolidated fiscal year to ¥86.291 billion. Net assets increased by ¥5.025 billion from the end of the previous consolidated fiscal year to ¥46.489 billion, partly due to profit recognized in the cumulative second-quarter consolidated period.」
Although net assets increased due to profit recognition, interest-bearing debt also increased to fund working capital and new mine investment, leaving improvement and increased burdens occurring simultaneously in the financial position. - FY2022-Q1Profit recognition alongside increased financial burdensAnnual report
「Net assets increased by ¥3.403 billion from the end of the previous consolidated fiscal year to ¥44.868 billion, mainly due to profit recognized in the first quarter and an increase in the foreign currency translation adjustment arising from the appreciation of the Australian dollar. As a result, the equity ratio was 33.9%, down 2.6 percentage points from the end of the previous consolidated fiscal year.」
Net assets increased by ¥3.403 billion due to profit recognition and other factors, while the equity ratio declined to 33.9%, partly because of the increase in interest-bearing debt. Improvement and deterioration are occurring simultaneously in the restoration of the financial position. - FY2021AdvancedAnnual report
「Liabilities decreased by ¥8,853 million from the end of the previous consolidated fiscal year to ¥7,217.1 million. This was mainly because interest-bearing debt was reduced by ¥6,500 million through measures to restore financial soundness, including inventory reduction.」
Early restoration of the financial position progressed through inventory reduction, asset sales and reductions in interest-bearing debt. Net assets increased by ¥5.155 billion and the equity ratio rose by 5.5 percentage points. However, recovery remains an ongoing challenge. - FY2021-Q3AdvancedAnnual report
「Due to the nature of our business, we are strongly affected by market conditions for metals and other commodities, and in the previous fiscal year, the decline in market prices resulted in substantial losses. This also caused our financial position to deteriorate, making the restoration of financial soundness an urgent issue for the Company. Under these circumstances, while taking measures to reduce future market risks, we reviewed our balance sheet from the perspective of making effective use of management resources, which led to the transfer of the shares in the subsidiary concerned.」
Consolidated earnings turned profitable and the transfer of ConPorts shares was completed, advancing specific measures to restore the financial position. Meanwhile, net assets and the equity ratio declined from the end of the previous fiscal year, so improvement and deterioration are occurring simultaneously. - FY2021-Q2Improvement and deterioration occurring simultaneouslyAnnual report
「Net assets decreased by ¥105 million from the end of the previous consolidated fiscal year to ¥3,620.3 million. As a result, the equity ratio was 29.9%, down 1.0 percentage point from the end of the previous consolidated fiscal year.」
Although consolidated earnings turned profitable, net assets edged down and the equity ratio also declined, leaving both improvement and deterioration in the financial position as the Company works toward its early restoration. - FY2020First statedAnnual report
「Improving the financial position has become an urgent issue. To address this, we will promptly pursue improvement by implementing all possible measures, including recovery in our core business, inventory reduction and the sale of idle assets.」
Following substantial losses and a decline in net assets, the Company identified early improvement of its financial position through business recovery, inventory reduction and the sale of idle assets as a new priority.