Material Events Concerning Going Concern
First written in FY2023. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「As a result, the Company recorded operating income of ¥49 million, ordinary income of ¥51 million and net income attributable to owners of the parent of ¥49 million for the current consolidated fiscal year. In light of the improving earnings base, the Company has determined that, as of the end of the current consolidated fiscal year, the events or circumstances that raised substantial doubt about the going-concern assumption had been eliminated.」
The company determined that the material events concerning the going-concern assumption recognized since the fiscal year ending June 2023 had been resolved at the end of the current fiscal year, following the recording of operating profit, ordinary profit and net income attributable to owners of the parent. - 2026-05-08MitigatedEarnings
「Because the Company and its consolidated subsidiaries recorded operating losses for five consecutive fiscal years through the previous consolidated fiscal year, they recognize that events or circumstances exist that raise substantial doubt about the going-concern assumption.」
前連結会計年度までの5期連続営業損失を重要事象として引き続き認識している一方、第3四半期累計では営業利益9百万円を計上し、現金及び預金1,283百万円を保有している。なお、重要な不確実性は認められないとの判断を継続している。 - FY2026-H1Material events continue despite interim operating profitabilityAnnual report
「Our company and consolidated subsidiaries recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, as they recorded operating losses for 5 consecutive fiscal years through the previous consolidated fiscal year. Against this backdrop, they formulated the "Ubitec New 3-Year Plan" for the fiscal years ending June 2026 through June 2028, positioning the 3-year period as a growth phase for their proprietary SaaS services. They aim to resolve these material events at an early stage by strengthening their sales expansion structure through closer collaboration with partner companies such as Orix Auto Corporation and various systems companies, further increasing the number of customers adopting their services, achieving operating profitability and improving cash flow. / Results for the current interim consolidated fiscal period were net sales of ¥679 million, up 21.3% year on year, and operating profit of ¥32 million, compared with an operating loss of ¥128 million in the previous interim consolidated fiscal period.」
The 5 consecutive fiscal years of operating losses through the previous consolidated fiscal year continue to be recognized as a material event. Meanwhile, the company recorded operating profit of ¥32 million in the current interim period, and interim results improved under the new 3-year plan, which aims to achieve operating profitability and improve cash flow. The company also continues to determine that no material uncertainty concerning the going-concern assumption was recognized. - FY2025WorsenedAnnual report
「Our company and consolidated subsidiaries recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, as they have recorded a substantial decline in net sales and operating losses for 5 consecutive fiscal years since the fiscal year ending June 2021 due to declining demand for the banknote authentication sensor modules that had been their mainstay product and the suspension of shipments of telematics in-vehicle devices. They also recorded a material net loss for the fiscal year due to an impairment loss on fixed assets.」
Regarding the material events concerning the going-concern assumption, operating losses extended from 4 consecutive fiscal years through the previous fiscal year to 5 consecutive fiscal years, and the company recorded a ¥493 million net loss attributable to owners of the parent, including a ¥325 million impairment loss on fixed assets. Meanwhile, the company continues to determine that no material uncertainty was recognized, while aiming to achieve operating profitability and improve cash flow under its new 3-year plan. - FY2025-H1RestatedAnnual report
「Our company and consolidated subsidiaries recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, due to continuing declines in net sales, operating losses for 4 consecutive fiscal years through the previous consolidated fiscal year, and an operating loss in the current interim consolidated fiscal period. Against this backdrop, our company and consolidated subsidiaries formulated the 4-year medium-term management plan "Ubitec 4.0," beginning with the fiscal year ending June 2022, and redefined their corporate philosophy. By shifting to a new business model that makes AI and data utilization, in addition to existing IoT technology, core technological pillars, they aim to resolve these material events at an early stage. At the end of the current interim consolidated fiscal period, our company and consolidated subsidiaries held ¥1,207 million in cash and deposits. As they believe financial stability is sufficiently secured, they determined that no material uncertainty concerning the going-concern assumption was recognized.」
The continuing decline in net sales, 4 consecutive fiscal years of operating losses through the previous fiscal year, and the operating loss in the current interim period continue to be recognized as material events. Meanwhile, the company held ¥1,207 million in cash and deposits and continues to determine that no material uncertainty was recognized. - FY2024WorsenedAnnual report
「Our company and Ubitec Solutions recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, as they have recorded a substantial decline in net sales and operating losses for 4 consecutive fiscal years since the fiscal year ending June 2021 due to the suspension of shipments of telematics in-vehicle devices and declining demand for the banknote authentication sensor modules that had been their mainstay product.」
Regarding the material events concerning the going-concern assumption, it was explicitly stated that operating losses had extended from 3 consecutive fiscal years through the previous fiscal year to 4 consecutive fiscal years. Meanwhile, the company held ¥1,434 million in cash and deposits and determined that no material uncertainty was recognized. - FY2024-Q3RestatedAnnual report
「Our company and Ubitec Solutions recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, due to continuing declines in net sales, operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year, and an operating loss in the cumulative third quarter of the current consolidated fiscal year.」
The continuing decline in net sales, 3 consecutive fiscal years of operating losses through the previous fiscal year, and the operating loss in the cumulative third quarter were continued to be recognized as material events concerning the going-concern assumption. Meanwhile, the company held ¥1,644 million in cash and deposits and determined that no material uncertainty was recognized in view of financial stability. - FY2024-Q2RestatedAnnual report
「Our company and Ubitec Solutions recognize that events or conditions exist that raise substantial doubt about their ability to continue as a going concern, due to continuing declines in net sales, operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year, and an operating loss in the cumulative second quarter of the current consolidated fiscal year.」
The continuing decline in net sales, 3 consecutive fiscal years of operating losses through the previous fiscal year, and the operating loss in the cumulative second quarter were continued to be recognized as material events concerning the going-concern assumption. Meanwhile, the company held ¥1,845 million in cash and deposits and determined that no material uncertainty was recognized in view of financial stability. - FY2024-Q1RestatedAnnual report
「The group has experienced continuing declines in net sales and recorded operating losses for 3 consecutive fiscal years through the previous consolidated fiscal year, as well as an operating loss in the cumulative first quarter of the current consolidated fiscal year. Accordingly, we recognize that events or conditions exist that raise substantial doubt about the group's ability to continue as a going concern.」
The continuing decline in net sales, 3 consecutive fiscal years of operating losses through the previous fiscal year, and the operating loss in the first quarter were continued to be recognized as material events concerning the going-concern assumption. Meanwhile, the company held ¥2,035 million in cash and deposits and determined that no material uncertainty concerning the going-concern assumption was recognized. - FY2023First statedAnnual report
「Due to the suspension of shipments of telematics in-vehicle devices and declining demand for the banknote authentication sensor modules that had been our mainstay products, the group has recorded a substantial decline in net sales and operating losses for 3 consecutive fiscal years since the fiscal year ending June 2021. We recognize that events or conditions exist that raise substantial doubt about the group’s ability to continue as a going concern.」
The substantial decline in revenue and 3 consecutive fiscal years of operating losses since the fiscal year ending June 2021, against the backdrop of suspended shipments of telematics in-vehicle devices and declining demand for mainstay products, were separately described for the first time as material events concerning the going-concern assumption. It was also stated that no material uncertainty was recognized in view of financial stability.