Doubts Regarding the Going Concern Assumption and Normalization Following Financial Support
First written in FY2017-Q1. 3 of 5 entries say "Restated". Latest entry: FY2018-Q2.
0 other companies' latest entry also says "Cited as achieved".
- FY2018-Q2Cited as achievedAnnual report
「We achieved profitability in operating income, ordinary income, and net income for both the fiscal years ended January 2015 and January 2016. In addition, we arranged a syndicated loan and repaid borrowings and other liabilities subject to pro rata repayment on 31 May 2016. As a result, financial support from our lending financial institutions (relaxed repayment terms) ended, and the disclosure in the "Notes on the Going Concern Assumption" was removed as a subsequent event in the first quarter of the consolidated fiscal year ending January 2017.」
The resolution of doubts regarding the going concern assumption, return to profitability, and end of financial support are cited again as past improvement results. - FY2017RestatedAnnual report
「We refinanced our borrowings and other liabilities, normalizing our relationships with the lending financial institutions, and simultaneously fully repaid borrowings and other liabilities totaling ¥5,735,329 thousand whose repayment terms had been relaxed on 31 May 2016, bringing financial support from our lending financial institutions (relaxed repayment terms) to an end. Accordingly, for the current consolidated fiscal year, the disclosure in the "Notes on the Going Concern Assumption" was no longer required.」
The full-year results confirm the refinancing, full repayment of ¥5,735 million, end of financial support, and removal of the note concerning the going concern assumption. - FY2017-Q3RestatedAnnual report
「To resolve these circumstances, our Group refinanced its borrowings, normalizing its relationships with the lending financial institutions, and simultaneously fully repaid borrowings and other liabilities totaling ¥5,735,329 thousand whose repayment terms had been relaxed on 31 May 2016, bringing financial support from our lending financial institutions (relaxed repayment terms) to an end. Accordingly, during the second quarter of the current consolidated accounting period, the disclosure in the "Notes on the Going Concern Assumption" was no longer required.」
The third quarter again reports that the disclosure concerning the going concern assumption had been removed following the refinancing, full repayment of ¥5,735 million in borrowings and other liabilities, and the end of financial support. - FY2017-Q2RestatedAnnual report
「Accordingly, during the second quarter of the current consolidated accounting period, the disclosure in the "Notes on the Going Concern Assumption" was no longer required.」
We confirm that the disclosure concerning the going concern assumption remained removed in the second quarter following the full repayment of ¥5,735 million in borrowings and other liabilities and the end of financial support. - FY2017-Q1MitigatedAnnual report
「At the end of the first quarter of the current consolidated accounting period, circumstances existed that raised substantial doubt about the going concern assumption. … On 31 May 2016, we fully repaid borrowings and other liabilities totaling ¥5,735,329 thousand whose repayment terms had been relaxed, bringing financial support from our lending financial institutions (relaxed repayment terms) to an end. Accordingly, as of the filing date, the disclosure in the "Notes on the Going Concern Assumption" was no longer required.」
The disclosure concerning the going concern assumption was removed following the full repayment of ¥5,735 million in borrowings and other liabilities subject to relaxed repayment terms and the end of financial support.