Significant Doubt About Going Concern Due to COVID-19
First written in FY2022-Q1. 7 of 14 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「(Matters related to the going-concern assumption) There are no applicable matters.」
The significant doubt about the going-concern assumption was considered not applicable in the notes for the current fiscal year. - FY2026-H1RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
No matters related to the going-concern assumption were applicable, and the significant doubt resolved in the previous fiscal year was not disclosed for the current interim period. - FY2025-H1MitigatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
No matters related to the going-concern assumption were applicable, and the significant doubt resolved in the previous fiscal year was not disclosed for the current interim period. - FY2024MitigatedAnnual report
「In light of these circumstances, the Group determined that, during the current consolidated fiscal year, the events or conditions that had raised significant doubt about the going-concern assumption had been resolved.」
The Company determined that the significant doubt about the going-concern assumption that had existed through the previous fiscal year had been resolved during the current fiscal year, based on the recognition of operating income, ordinary income, and net income and its financial resources. - FY2024-Q3MitigatedAnnual report
「Due to the impact of COVID-19, the Group recorded operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year. During the cumulative third quarter of the current consolidated fiscal year, however, it recorded operating income of ¥488.090 million following the reclassification of COVID-19 under the infectious disease classification system. Nevertheless, the impact of COVID-19 on economic activity remains uncertain, and the difficult business environment continues due to higher raw material prices and utility costs resulting from geopolitical risks and other factors. Accordingly, events or conditions exist that raise significant doubt about the going-concern assumption.」
The Group improved from operating losses for 3 consecutive fiscal years to recording operating income of ¥488.090 million for the cumulative third quarter. At the same time, it stated that the difficult business environment and significant doubt about the going-concern assumption still existed. - FY2024-Q2MitigatedAnnual report
「Due to the impact of COVID-19, the Group recorded operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year. During the cumulative second quarter of the current consolidated fiscal year, however, it recorded operating income of ¥281.123 million following the reclassification of COVID-19 under the infectious disease classification system.」
The Group improved from operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year to recording operating income of ¥281.123 million for the cumulative second quarter. At the same time, it stated that events or conditions raising significant doubt about the going-concern assumption still existed due to the impact on economic activity and higher raw material prices and utility costs. - FY2024-Q1MitigatedAnnual report
「Due to the impact of COVID-19, the Group recorded operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year. During the cumulative first quarter of the current consolidated fiscal year, however, it recorded operating income of ¥58.486 million following the reclassification of COVID-19 under the infectious disease classification system. Nevertheless, the impact of COVID-19 on economic activity remains uncertain, and the difficult business environment continues due to higher raw material prices and utility costs resulting from geopolitical risks and other factors. Accordingly, events or conditions exist that raise significant doubt about the going-concern assumption.」
The Group recorded operating income of ¥58.486 million, an improvement from operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year. At the same time, it stated that the difficult business environment and significant doubt about the going-concern assumption still existed. - FY2023WorsenedAnnual report
「Due to the impact of the spread of COVID-19, the Group's revenue declined significantly compared with the fiscal year ended March 2020, before the spread of the infection, and it recorded operating losses, ordinary losses, and net losses attributable to owners of the parent for 3 consecutive fiscal years through the previous consolidated fiscal year.」
Although the Company indicated an easing of restrictions on activities and the prospect of improved revenue, it explicitly stated that operating losses, ordinary losses, and net losses had continued for 3 consecutive fiscal years and continued to disclose significant doubt about the going-concern assumption. - FY2023-Q3RestatedAnnual report
「Although restrictions on store operations, including temporary closures and reduced operating hours resulting from states of emergency and priority preventive measures issued by the government and local authorities, have been lifted and customer visits to the karaoke and food-service businesses have gradually recovered, the outlook for returning to pre-pandemic levels remains uncertain. As in the previous consolidated fiscal year, the Group continued to record an operating loss during the cumulative third quarter of the current consolidated fiscal year. In light of these circumstances, events or conditions exist that raise significant doubt about the going-concern assumption.」
Although operating restrictions were lifted and customer visits recovered, the outlook for returning to pre-pandemic levels remained uncertain, and the filing stated that operating losses and events or conditions raising significant doubt about the going-concern assumption continued to exist. - FY2023-Q2RestatedAnnual report
「Although restrictions on store operations, including temporary closures and reduced operating hours resulting from states of emergency and priority preventive measures issued by the government and local authorities, have been lifted and customer visits to the karaoke and food-service businesses have gradually recovered, the outlook for returning to pre-pandemic levels remains uncertain. As in the previous consolidated fiscal year, the Group continued to record an operating loss during the cumulative second quarter of the current consolidated fiscal year. In light of these circumstances, events or conditions exist that raise significant doubt about the going-concern assumption.」
Although the lifting of operating restrictions and the recovery in customer visits continued, the outlook for returning to pre-pandemic levels remained uncertain, and the filing stated that operating losses and events or conditions raising significant doubt about the going-concern assumption continued to exist. - FY2023-Q1WorsenedAnnual report
「Although restrictions on store operations, including temporary closures and reduced operating hours resulting from states of emergency and priority preventive measures issued by the government and local authorities, have been lifted and customer visits to the karaoke and food-service businesses have gradually recovered, the outlook for returning to pre-pandemic levels remains uncertain. As in the previous consolidated fiscal year, the Group continued to record an operating loss during the cumulative first quarter of the current consolidated fiscal year. In light of these circumstances, events or conditions exist that raise significant doubt about the going-concern assumption.」
The filing states that, although operating restrictions were lifted and customer visits recovered, operating losses continued and events or conditions raising significant doubt about the going-concern assumption continued to exist. It states that there were no significant cash-flow concerns because of cash and the overdraft facility. - FY2022-Q3MitigatedAnnual report
「Although the Group recorded operating income, ordinary income, and quarterly net income attributable to owners of the parent during the cumulative third quarter of the current consolidated fiscal year, following the lifting of restrictions on store operations, including temporary closures and reduced operating hours resulting from states of emergency issued by the government and local authorities, the significant decline in revenue continued, as it had in the previous consolidated fiscal year.」
Although the Company's results changed to operating income, ordinary income, and quarterly net income attributable to owners of the parent, the significant decline in revenue and uncertainty about the outlook continued, and the Company stated that significant doubt about the going-concern assumption still existed. - FY2022-Q2RestatedAnnual report
「Due to the impact of the spread of COVID-19, including temporary store closures and reduced operating hours following the issuance of states of emergency by the government and local authorities, the Group's revenue declined significantly during the cumulative second quarter of the current consolidated fiscal year, as it had in the previous consolidated fiscal year, and it recorded an operating loss, an ordinary loss, and a quarterly net loss attributable to owners of the parent. In light of these circumstances, events or conditions exist that raise significant doubt about the going-concern assumption.」
The filing states that events or conditions raising significant doubt about the going-concern assumption continued to exist due to closures, reduced operating hours, declining revenue, and operating losses related to COVID-19. At the same time, it states that there were no significant cash-flow concerns because of cash and deposits and the overdraft facility. - FY2022-Q1First statedAnnual report
「Due to the impact of the spread of COVID-19, including temporary store closures and reduced operating hours following the issuance of states of emergency by the government and local authorities, the Group's revenue declined significantly during the first quarter of the current consolidated fiscal year, as it had in the previous consolidated fiscal year, and it recorded an operating loss, an ordinary loss, and a quarterly net loss attributable to owners of the parent. In light of these circumstances, events or conditions exist that raise significant doubt about the going-concern assumption.」
The Company first explicitly stated that events or conditions raising significant doubt about the going-concern assumption existed due to temporary closures and reduced operating hours related to COVID-19, declining revenue, and operating losses. At the same time, it determined that there were no significant cash-flow concerns because of its cash and deposits and overdraft facility, and that no material uncertainty related to the going-concern assumption was recognized.