Going-Concern Risk Due to Substantial Revenue Decline, Operating Loss and Negative Operating Cash Flow
First written in FY2016. 15 of 30 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a result, the operating results of our group for the current consolidated fiscal year were net sales of ¥7,468,151 thousand, down 16.2% year on year, operating income of ¥499,530 thousand, down 67.1%, ordinary income of ¥573,234 thousand, down 62.0%, and net income attributable to owners of the parent of ¥327,971 thousand, down 66.2%.」
Although net sales and profit declined substantially, operating profit, ordinary profit and net income attributable to owners of the parent all remained positive. There is no disclosure indicating that financial risks relating to the going-concern assumption have again materialized. - FY2026-H1MitigatedAnnual report
「For the current interim consolidated accounting period, the Group reported revenue of ¥3,040,594 thousand, down 15.7% year on year, operating profit of ¥123,305 thousand, down 75.0%, ordinary profit of ¥141,910 thousand, down 72.3%, and interim profit attributable to owners of the parent of ¥125,744 thousand, down 62.6%.」
Although revenue and profit declined substantially year on year, operating profit, ordinary profit, and interim profit attributable to owners of the parent all remained positive. - FY2024MitigatedAnnual report
「Cash provided by operating activities was ¥2,296,179 thousand, compared with ¥365,468 thousand provided in the previous consolidated fiscal year.」
Operating cash flow generated substantial cash, and all of revenue, operating profit, ordinary profit, and profit attributable to owners of the parent were positive for the current period. The reduction in financial risks related to going concern continues. - FY2024-Q3MitigatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported revenue of ¥6,220,175 thousand, up 13.4% year on year, operating profit of ¥1,159,501 thousand, up 70.6%, ordinary profit of ¥1,239,719 thousand, up 81.0%, and profit attributable to owners of the parent of ¥815,082 thousand, up 46.3%.」
Operating profit, ordinary profit, and profit attributable to owners of the parent remained positive and increased year on year. Financial risks related to going concern are improving. - FY2024-Q2MitigatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported revenue of ¥3,520,468 thousand, up 11.9% year on year, operating profit of ¥595,322 thousand, up 106.3%, ordinary profit of ¥645,080 thousand, up 123.6%, and profit attributable to owners of the parent of ¥432,963 thousand, up 93.6%.」
Revenue and operating profit, among other measures, exceeded the same period of the previous year, while operating profit, ordinary profit, and profit attributable to owners of the parent remained positive. Financial risks related to going concern are improving. - FY2024-Q1RestatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported revenue of ¥1,530,182 thousand, down 2.3% year on year, operating profit of ¥221,185 thousand, up 32.2%, ordinary profit of ¥273,728 thousand, up 39.3%, and profit attributable to owners of the parent of ¥183,426 thousand, up 46.1%.」
Although revenue declined year on year, operating profit, ordinary profit, and profit attributable to owners of the parent remained positive, and profit exceeded the same period of the previous year. - FY2023-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported revenue of ¥5,485,466 thousand, up 22.1% year on year, operating profit of ¥679,627 thousand, up 11.7%, ordinary profit of ¥684,963 thousand, down 4.0%, and profit attributable to owners of the parent of ¥557,296 thousand, up 12.0%.」
Revenue, operating profit, and profit attributable to owners of the parent remained positive, reaffirming the improvement in the Group's financial position with respect to going concern. Ordinary profit, however, declined year on year. - FY2023-Q2RestatedAnnual report
「As a result, for the cumulative second quarter of the current consolidated fiscal year, the Group reported revenue of ¥3,146,985 thousand, down 3.4% year on year, operating profit of ¥288,562 thousand, down 42.1%, ordinary profit of ¥288,471 thousand, down 46.9%, and profit attributable to owners of the parent of ¥223,589 thousand, down 44.8%.」
Although revenue and profit declined year on year, operating profit, ordinary profit, and profit attributable to owners of the parent all remained positive. The company is reaffirming the improvement in its financial position with respect to going concern. - FY2023-Q1RestatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported revenue of ¥1,565,888 thousand, up 4.3% year on year, operating profit of ¥167,318 thousand, down 13.8%, ordinary profit of ¥196,449 thousand, down 7.2%, and profit attributable to owners of the parent of ¥125,556 thousand, down 4.6%.」
Although revenue and profit, including operating profit, declined year on year, the company remained profitable at the operating profit, ordinary profit, and profit attributable to owners of the parent levels, reaffirming the improvement in its financial position with respect to going concern. - FY2022-Q3RestatedAnnual report
「For the cumulative third quarter of the current consolidated fiscal year, the Group reported revenue of ¥4,490,915 thousand, down 0.2% year on year, operating profit of ¥608,497 thousand, down 2.2%, ordinary profit of ¥713,673 thousand, up 0.5%, and profit attributable to owners of the parent of ¥497,743 thousand, up 2.6%.」
Although revenue and operating profit were below the same period of the previous year, the company remained profitable at the operating profit, ordinary profit, and profit attributable to owners of the parent levels, reaffirming the improvement in its financial position with respect to going concern. - FY2022-Q1RestatedAnnual report
「As a result, for the cumulative first quarter of the current consolidated fiscal year, the Group reported revenue of ¥1,500,683 thousand, down 10.1% year on year, operating profit of ¥194,171 thousand, down 31.6%, ordinary profit of ¥211,587 thousand, down 29.5%, and profit attributable to owners of the parent of ¥131,558 thousand, down 25.0%.」
Although revenue and profit declined year on year, operating profit, ordinary profit, and profit attributable to owners of the parent all remained positive. - FY2021-Q3RestatedAnnual report
「As a result, for the cumulative third quarter of the current consolidated fiscal year, the Group reported revenue of ¥4,499,435 thousand, down 8.5% year on year, operating profit of ¥622,458 thousand, down 28.7%, ordinary profit of ¥710,059 thousand, down 17.4%, and profit attributable to owners of the parent of ¥485,272 thousand, down 21.2%.」
Although revenue and profit declined year on year, the company remained profitable at the operating profit, ordinary profit, and profit attributable to owners of the parent levels, and continues to maintain reduced financial risks related to going concern. - FY2021-Q2RestatedAnnual report
「As a result, the Group's revenue for the cumulative second quarter of the current fiscal year was ¥2,897.798 million, down 15.7% year on year; operating income was ¥453.142 million, down 33.1%; ordinary income was ¥491.490 million, down 26.5%; and quarterly net income attributable to owners of the parent was ¥324.391 million, down 35.3%.」
Although revenue and profit were below the same period of the previous year, the company remained profitable at the operating profit, ordinary profit, and profit attributable to owners of the parent levels. - FY2021-Q1RestatedAnnual report
「As a result, the Group's revenue for the cumulative first quarter of the current fiscal year was ¥1,669.362 million, up 4.2% year on year; operating income was ¥283.768 million, down 19.3%; ordinary income was ¥300.289 million, down 15.9%; and quarterly net income attributable to owners of the parent was ¥175.379 million, down 32.2%.」
The Company maintained positive operating income, ordinary income and quarterly net income attributable to owners of the parent, reconfirming the reduced level of financial risk related to the going-concern assumption. However, profit levels were below the previous-year period. - FY2020MitigatedAnnual report
「As a result, the Group's revenue for the fiscal year was ¥6,436.887 million, up 46.9% year on year; operating income was ¥1,076.437 million, up 117.5%; ordinary income was ¥1,045.513 million, up 149.7%; and net income attributable to owners of the parent was ¥703.636 million, up 93.9%.」
The Company maintained positive operating income, ordinary income and net income attributable to owners of the parent for the full year, all of which increased substantially from the previous period. The annual results confirmed that financial risk related to the going-concern assumption remained reduced. - FY2020-Q3MitigatedAnnual report
「As a result, the Group's revenue for the cumulative third quarter of the current fiscal year was ¥4,918.112 million, up 43.6% year on year; operating income was ¥873.464 million, up 87.2%; ordinary income was ¥860.053 million, up 108.7%; and quarterly net income attributable to owners of the parent was ¥615.783 million, up 79.8%.」
The Company maintained positive operating income, ordinary income and quarterly net income attributable to owners of the parent, all of which increased year on year. No new deterioration related to going-concern risk was reported, and financial conditions continued to improve. - FY2020-Q2RestatedAnnual report
「The Group's revenue for the cumulative second quarter of the current fiscal year was ¥3,436.804 million, up 65.0% year on year; operating income was ¥677.669 million, up 201.8%; ordinary income was ¥668.899 million, up 237.4%; and quarterly net income attributable to owners of the parent was ¥501.701 million, up 213.7%.」
The Company continued to report positive operating income, ordinary income and quarterly net income attributable to owners of the parent, with profits also increasing year on year. The reduction in financial risk related to the going-concern assumption was reconfirmed. - FY2020-Q1MitigatedAnnual report
「As a result, the Group's revenue for the cumulative first quarter of the current fiscal year was ¥1,602.481 million, up 89.8% year on year; operating income was ¥351.727 million, up 282.7%; ordinary income was ¥356.892 million, up 346.8%; and quarterly net income attributable to owners of the parent was ¥258.563 million, up 583.0%.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent increased substantially year on year, further reducing financial risk related to the going-concern assumption. The risk section states that there were no material changes. - FY2019RestatedAnnual report
「The Group's results for the fiscal year were revenue of ¥4,380.415 million, operating income of ¥494.806 million, ordinary income of ¥418.746 million and net income attributable to owners of the parent of ¥362.886 million.」
The Company maintained positive operating income, ordinary income and net income attributable to owners of the parent on a consolidated basis, confirming through its annual results that financial risk related to the going-concern assumption remained reduced. - FY2019-Q3RestatedAnnual report
「The Group's revenue for the cumulative third quarter of the current fiscal year was ¥3,425.556 million, up 13.1% year on year, and operating income was ¥466.674 million, up 26.8%.」
The Company continued to report positive operating income and other profits for the cumulative third quarter, maintaining the reduced level of financial risk related to the going-concern assumption. - FY2019-Q2MitigatedAnnual report
「The Group's revenue for the cumulative second quarter of the current fiscal year was ¥2,083.066 million, up 4.8% year on year; operating income was ¥224.567 million, up 6.0%; ordinary income was ¥198.270 million, down 38.5%; and quarterly net income attributable to owners of the parent was ¥159.949 million, up 12.7%.」
Operating income, ordinary income and quarterly net income attributable to owners of the parent remained positive, and the reduction in financial risk related to the going-concern assumption continued. - FY2019-Q1MitigatedAnnual report
「As a result, the Group's revenue for the cumulative first quarter of the current fiscal year was ¥844.451 million, down 4.2% year on year; operating income was ¥91.913 million, up 67.0%; ordinary income was ¥79.880 million, down 45.7%; and quarterly net income attributable to owners of the parent was ¥37.854 million, down 41.3%.」
Revenue and ordinary income were below the previous-year period, but operating income and quarterly net income attributable to owners of the parent remained positive. - FY2018MitigatedAnnual report
「As a result, the Group's results for the fiscal year were revenue of ¥4,263.270 million, up 44.2% year on year; operating income of ¥427.903 million, compared with an operating loss of ¥486.676 million in the previous period; ordinary income of ¥502.417 million, compared with an ordinary loss of ¥491.769 million in the previous period; and net income attributable to owners of the parent of ¥180.541 million, compared with a net loss attributable to owners of the parent of ¥722.789 million in the previous period.」
The Company recognized operating income, ordinary income and net income attributable to owners of the parent, returning to profit from losses in the previous period, confirming a reduction in financial risk related to the going-concern assumption. - FY2018-Q3MitigatedAnnual report
「Based on the foregoing, the Company has determined that the events or conditions that raised substantial doubt about the going-concern assumption have ceased to exist.」
Based on operating income, ordinary income and quarterly net income attributable to owners of the parent for the cumulative third quarter, the expected full-year profit and secured funding, the Company moved to a determination that the material events related to the going-concern assumption had ceased to exist. - FY2018-Q2MitigatedAnnual report
「However, during the cumulative second quarter of the current fiscal year, the Company recognized operating income, ordinary income and quarterly net income attributable to owners of the parent, and operating cash flow was positive. The Company also maintains good relationships with its lending financial institutions, and has secured near-term operating funds by increasing its credit lines and entering into new overdraft agreements. It therefore believes that it faces no financial impediment. Based on the foregoing, the Company has determined that no material uncertainty regarding the going-concern assumption exists.」
Although material events related to operating losses in prior years remained, the Company continued to determine that no material uncertainty regarding the going-concern assumption exists after reporting operating income, ordinary income, quarterly net income attributable to owners of the parent and positive operating cash flow for the cumulative second quarter. - FY2018-Q1MitigatedAnnual report
「Based on the foregoing, the Company has determined that no material uncertainty regarding the going-concern assumption exists.」
Although material events remained because operating losses had continued through the previous fiscal year, the Company recognized operating income, ordinary income and quarterly net income attributable to owners of the parent in the first quarter and changed its assessment to conclude that no material uncertainty regarding the going-concern assumption exists. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the Company also recognized an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent.」
For the cumulative third quarter, the Company recognized an operating loss of ¥504.516 million, an ordinary loss of ¥483.792 million and a quarterly net loss attributable to owners of the parent of ¥517.611 million, and material uncertainty regarding the going-concern assumption continued. - FY2017-Q2WorsenedAnnual report
「During the cumulative second quarter of the current fiscal year, the Company also recognized an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. In addition, because it expects to report an ordinary loss in the current fiscal year, as it did in the previous fiscal year, it may in the future breach the financial covenants under the commitment-line agreement with its lending financial institutions.」
Operating and other losses continued in the second quarter, and the Company explicitly stated that it expects to report an ordinary loss for the current fiscal year. Material uncertainty regarding the going-concern assumption was also acknowledged. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, the Company also recognized an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent. Accordingly, events or conditions that raise substantial doubt about the going-concern assumption continue to exist.」
The Company states that it continued to recognize an operating loss and other losses in the quarter, and that substantial doubt regarding the going-concern assumption continues to exist. - FY2016First statedAnnual report
「The Group's revenue declined substantially during the fiscal year, resulting in the recognition of a material operating loss. It also continued to report negative operating cash flow.」
Revenue declined 46.7% year on year, the operating loss was ¥597.965 million, and cash flow from operating activities was an outflow of ¥656.940 million.