Elimination of Negative Net Worth by the End of the Following Consolidated Fiscal Year
First written in FY2021. 4 of 8 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2023-Q4.
1 other company's latest entry also says "Achieved".
- FY2023-Q4AchievedAnnual report
「Our group had negative net worth in the fiscal year ended June 2021 and was subject to a grace period for delisting that ran through 31 March 2023. However, net assets became positive in the fiscal year ended March 2023 and negative net worth was eliminated. Accordingly, effective 30 June 2023, the company was removed from designation under the delisting criteria of the Tokyo Stock Exchange and Fukuoka Stock Exchange.」
Net assets became positive in the fiscal year ended March 2023, achieving the target of eliminating negative net worth by the end of the following consolidated fiscal year. Effective 30 June 2023, the company was removed from designation under the delisting criteria of the Tokyo Stock Exchange and Fukuoka Stock Exchange. - FY2023-Q2AdvancedAnnual report
「As stated above in “(2) Significant Events and Other Matters Regarding the Going Concern Assumption,” in addition to raising approximately ¥580 million through the third-party allotment with a payment date of 10 January 2023 under the capital and business alliance agreement with チェンジ, we raised approximately ¥250 million through the exercise of the 11th Series of Stock Acquisition Rights between 1 January 2023 and the end of January 2023. Based on the full-year earnings forecast for the fiscal year ending March 2023, we expect to eliminate negative net worth by the end of that fiscal year.」
As measures to eliminate negative net worth, the company raised approximately ¥580 million through a third-party allotment to チェンジ and approximately ¥250 million through the exercise of the 11th Series of Stock Acquisition Rights, reducing negative net worth to approximately ¥145 million. This is the first disclosure of an expectation that negative net worth will be eliminated by the end of the fiscal year ending March 2023. - FY2023-Q1AdvancedAnnual report
「As stated in “Plan for Changes to the Plan to Eliminate Negative Net Worth” announced on 8 June 2022, our group has changed the plan to eliminate negative net worth announced in “Initiatives to Eliminate Negative Net Worth” on 27 September 2021. We are working to eliminate negative net worth by the end of the current consolidated fiscal year by implementing management improvement measures and capital policies aimed at securing operating profit. Negative net worth decreased by ¥5.195807 billion from the end of the previous consolidated fiscal year to ¥406.612 million as of the end of the second quarter of the current consolidated fiscal year.」
The company continues its plan to eliminate negative net worth by the end of the fiscal year ending March 2023 through securing operating profit and implementing management improvement measures and capital policies. Negative net worth decreased by approximately ¥5.19581 billion from the end of the previous fiscal year to approximately ¥406.61 million. - FY2022-Q4AdvancedAnnual report
「As stated in “Plan for Changes to the Plan to Eliminate Negative Net Worth” announced on 8 June 2022, our group has changed the plan to eliminate negative net worth announced in “Initiatives to Eliminate Negative Net Worth” on 27 September 2021. We are working to eliminate negative net worth by the end of the current consolidated fiscal year by implementing management improvement measures and capital policies aimed at securing operating profit. During the cumulative first quarter of the current consolidated fiscal year, we recorded operating profit of ¥213.373 million, ordinary profit of ¥209.771 million and net profit attributable to owners of the parent of ¥164.555 million. Net assets as of the end of the first quarter of the current consolidated fiscal year improved by ¥164.337 million from the end of the previous consolidated fiscal year to ¥(5.438082) billion.」
The company continues its plan to eliminate negative net worth by the end of the current consolidated fiscal year, namely the fiscal year ending March 2023, by implementing management improvement measures and capital policies. Net assets improved by ¥164.337 million in the first quarter, but negative net worth remains. - FY2022SoftenedAnnual report
「We regard eliminating negative net worth and maintaining our listing as our most important priorities. By actively pursuing various funding measures to achieve these objectives, we believe that the negative net worth position will be eliminated in the 30th fiscal year.」
The deadline was pushed back from the previous target of eliminating negative net worth by the end of the following consolidated fiscal year to wording anticipating the 30th fiscal year after the change in the fiscal year-end, namely the fiscal year ending March 2023. - FY2022-Q2SoftenedAnnual report
「As of the filing date of the quarterly report for the second quarter, we expect that eliminating negative net worth within a short-term time frame will be difficult.」
Against the target announced at the end of the previous fiscal year to eliminate negative net worth by the end of the following consolidated fiscal year, the company indicates that elimination within a short-term time frame is expected to be difficult. - FY2022-Q1AdvancedAnnual report
「Negative net worth exceeded ¥1.7 billion as of the end of the first quarter of the current consolidated fiscal year. This represented an improvement of approximately ¥700 million from the end of the previous fiscal year. We will continue to make the elimination of negative net worth our highest priority and plan to reformulate “HOPE NEXT 3” in line with achieving that objective.」
Negative net worth decreased by approximately ¥700 million from the end of the previous fiscal year, and the company continues to make its elimination by the end of the fiscal year ending June 2022 its highest priority. - FY2021First statedAnnual report
「We will make the elimination of negative net worth by the end of the following consolidated fiscal year our highest priority.」
In light of the issue of shares by third-party allotment and the 11th Series of Stock Acquisition Rights, the company disclosed for the first time a time-bound target to eliminate negative net worth by the end of the following consolidated fiscal year.