Negative Net Worth and Material Doubt About Going Concern
First written in FY2021-Q2. 15 of 23 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-06-23.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-06-23MitigatedOccurring FactSuggests it is closing out
「Accordingly, we determined that no material uncertainty related to the going concern assumption existed and decided to remove the note regarding the going concern assumption from the “22nd Annual Securities Report” released today.」
The company removed the disclosure of material uncertainty regarding the going concern assumption because the third-party allotment resolved the net liability position, leaving net assets of ¥1,134 million and cash and deposits exceeding ¥2,406 million in borrowings due within one year. - FY2026MitigatedAnnual report
「Total net assets at the end of the current fiscal year increased by ¥1,828 million from the end of the previous fiscal year to ¥1,134 million.」
Through a third-party allotment capital increase and other measures, net assets shifted from a capital deficiency at the end of the previous fiscal year to a positive ¥1,134 million. - FY2026-H1WorsenedAnnual report
「Although the company raised ¥700.832 million through the issuance of new shares by way of a third-party allotment, net assets were negative ¥130.776 million at the end of the current interim accounting period, leaving the company in a capital-deficient position.」
Net assets improved from negative ¥694.878 million at the end of the fiscal year ending March 2025 to negative ¥130.776 million through the capital increase. However, the capital deficiency continued at the end of the interim period, and the company recognizes circumstances that raise material doubt about its ability to continue as a going concern. - FY2025-H1MitigatedAnnual report
「However, as stated in the recently announced Second Medium-Term Management Plan, the company expects to report operating profit in each of the fiscal years ending March 2025 through March 2027. As this is expected to enable continued support from its principal lending banks, the company has determined that no uncertainty regarding the going concern assumption exists.」
While stating that material doubt regarding the going concern assumption remains, the company has determined that no uncertainty exists based on its expectation of reporting operating profit for 3 years and its outlook for continued support from its principal lending banks. - FY2024MitigatedAnnual report
「Total net assets at the end of the current fiscal year increased by ¥3 million from the end of the previous fiscal year to ¥149 million.」
Net assets increased from ¥145 million at the end of the previous fiscal year to ¥149 million, maintaining the elimination of the capital deficiency. However, material doubt regarding the going concern assumption remains separately. - FY2024-Q3MitigatedAnnual report
「Net assets at the end of the third quarter of the current fiscal year decreased by ¥26 million from the end of the previous fiscal year to ¥119 million. The main factors were an increase of ¥778 million in retained earnings and a decrease of ¥804 million in capital surplus.」
Although net assets decreased from the end of the previous fiscal year, they increased from ¥16 million at the end of the immediately preceding quarter to ¥119 million, remaining positive. - FY2024-Q2WorsenedAnnual report
「Net assets at the end of the second quarter of the current fiscal year decreased by ¥129 million from the end of the previous fiscal year to ¥16 million.」
Net assets decreased by ¥129 million from ¥145 million at the end of the previous fiscal year to ¥16 million. Although net assets remained positive, the surplus of net assets after eliminating the capital deficiency narrowed substantially. - FY2024-Q1WorsenedAnnual report
「Net assets at the end of the first quarter of the current fiscal year decreased by ¥79 million from the end of the previous fiscal year to ¥66 million.」
Net assets decreased from ¥145 million at the end of the fiscal year ended March 2023 to ¥66 million. Although net assets remained positive, the positive balance narrowed amid circumstances involving material doubt regarding the going concern assumption. - FY2023MitigatedAnnual report
「Total net assets at the end of the consolidated fiscal year decreased by ¥86 million from the end of the previous consolidated fiscal year to ¥150 million.」
Net assets recovered from negative ¥13 million at the end of the third quarter to positive ¥150 million at the end of the fiscal year ended March 2023, eliminating the capital deficiency. - FY2023-Q3WorsenedAnnual report
「However, while pursuing a short-term recovery in performance and, from a medium- to long-term perspective, the establishment of a highly profitable operating structure and stronger product competitiveness, the company recorded a quarterly net loss attributable to owners of the parent of ¥251 million for the cumulative third quarter of the fiscal year ending March 2023. Net assets at the end of the third quarter of that fiscal year were negative ¥13 million. Accordingly, circumstances that raise material doubt about the company's ability to continue as a going concern persist.」
Net assets, which were positive at ¥237 million at the end of the previous fiscal year, became negative ¥13 million at the end of the third quarter, and the capital deficiency and material doubt regarding the going concern assumption have arisen again. - FY2023-Q2Narrower positive net assets; material doubt remainsAnnual report
「In addition, the company has recorded operating losses for 2 consecutive fiscal years since the fiscal year ended March 2021, and some impact on performance from COVID-19 and the uncertain economic environment is expected in the fiscal year ending March 2023. Accordingly, circumstances that raise material doubt about the going concern assumption continue to exist.」
Material doubt regarding the going concern assumption continues. Net assets at the end of the current second quarter were ¥43 million, down from ¥237 million at the end of the fiscal year ended March 2022, but remained positive. - FY2023-Q1MitigatedAnnual report
「Against this backdrop, the company promoted initiatives to achieve a short-term recovery in performance and strengthen its financial base with a concerted company-wide effort. As a result, consolidated performance improved in the fiscal year ended March 2022, and net assets at the end of the consolidated fiscal year reached ¥237 million, helped by the capital increase.」
The capital deficiency was eliminated through the strengthening of the financial base and improved performance, and net assets at the end of the current first quarter remain positive at ¥153 million. Meanwhile, material doubt regarding the going concern assumption continues due to operating losses in 2 consecutive fiscal years and other factors. - FY2022-Q3MitigatedAnnual report
「As a result, net assets at the end of the third quarter of the consolidated fiscal year ending March 2022 improved by ¥647 million from the end of the previous consolidated fiscal year to ¥248 million.」
Net assets improved from negative ¥399 million at the end of the previous fiscal year to ¥248 million, eliminating the capital deficiency. However, material doubt regarding the going concern assumption remains due to the impact of COVID-19. - FY2022-Q2MitigatedAnnual report
「In the fiscal year ending March 2022, initiatives to achieve a short-term recovery in performance and strengthen the financial base progressed, and net assets at the end of the second quarter of the consolidated fiscal year improved to negative ¥158 million. However, because the company remains in a capital-deficient position, circumstances that raise material doubt about its ability to continue as a going concern remain.」
The negative net asset balance narrowed from ¥399 million at the end of March 2021 to ¥158 million. However, the capital deficiency and material doubt regarding the going concern assumption remain. - FY2022-Q1MitigatedAnnual report
「Net assets at the end of the first quarter of the current consolidated fiscal year increased by ¥24 million from the end of the previous consolidated fiscal year to negative ¥374 million.」
The negative net asset balance narrowed from ¥399 million at the end of the previous fiscal year to ¥374 million. However, the company remains in a capital-deficient position. - FY2021WorsenedAnnual report
「Total net assets at the end of the consolidated fiscal year decreased by ¥1,425 million from the end of the previous consolidated fiscal year to negative ¥399 million.」
The capital deficiency widened from negative ¥376 million at the end of December 2020 to negative ¥399 million at the end of March 2021, and material doubt regarding the going concern assumption remains. - FY2021-Q3WorsenedAnnual report
「As of 31 December 2020, consolidated net assets were negative ¥376 million, resulting in a capital deficiency and circumstances that raise material doubt about the company's ability to continue as a going concern.」
The capital deficiency widened from negative ¥325 million at the end of September 2020 to negative ¥376 million at the end of December, and material doubt regarding the going concern assumption remains. - FY2021-Q2MaterialisedAnnual report
「As consolidated net assets were negative ¥325 million as of 30 September 2020, the company is facing circumstances that raise material doubt about its ability to continue as a going concern.」
As of 30 September 2020, consolidated net assets were negative ¥325 million, resulting in a capital deficiency and actual material doubt about the going concern assumption. The company has determined that no uncertainty regarding the going concern assumption exists, as it believes it can secure sufficient working capital.