Material uncertainty over the going-concern assumption and measures to address it
First written in FY2018-Q2. 16 of 34 entries say "Restated". Latest entry: 2026-08-10.
The whole theme swung hardest in 2020: 30 of 73 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「The group continued to record an operating loss, an impairment loss and a net loss attributable to owners of the parent during the consolidated fiscal year. In addition, because it was in a negative net-worth position at the end of the consolidated fiscal year, circumstances existed that raised significant doubt about the going-concern assumption.」
Regarding material events related to the going-concern assumption, the company explicitly disclosed year-end negative net worth in addition to continuing operating losses, impairment losses and net losses. Material uncertainty also continued to be recognized. - FY2026-H1WorsenedAnnual report
「In the previous consolidated fiscal year, the Group recorded operating losses and material impairment losses for 8 consecutive fiscal years and net losses attributable to owners of the parent for 11 consecutive fiscal years. In the current interim consolidated fiscal period, it also recorded a material operating loss and an interim net loss attributable to owners of the parent, and was in a state of negative net worth.」
Regarding material doubt about the going concern assumption, the Company explicitly stated that it had recorded operating losses and material impairment losses for 8 consecutive fiscal years, net losses attributable to owners of the parent for 11 consecutive fiscal years, and had become insolvent on a shareholders' equity basis during the interim period. - FY2025WorsenedAnnual report
「The group recorded an operating loss and significant impairment loss for the eighth consecutive fiscal year and a net loss attributable to owners of the parent for the 11th consecutive fiscal year. As a result, net assets declined and total shareholders' equity became negative, creating circumstances that raise significant doubt regarding the going-concern assumption.」
The company stated that material events related to the going concern assumption included operating losses and material impairment losses for 8 consecutive periods, net loss attributable to owners of the parent for 11 consecutive periods, and negative total shareholders' equity. It explicitly stated that material uncertainty existed. - FY2025-H1RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded an operating loss and material impairment losses for the seventh consecutive period, and a net loss attributable to owners of the parent for the tenth consecutive period. In the interim consolidated accounting period, it also recorded a material operating loss and an interim net loss attributable to owners of the parent.」
Reiterated the existence of significant doubt about the going-concern assumption, against a backdrop of 7 consecutive periods of operating losses, significant impairment losses and 10 consecutive periods of net losses. The company continues measures including improving equipment utilization, optimizing asset scale and reviewing the supply chain, but significant uncertainties remain. - FY2024WorsenedAnnual report
「During the consolidated fiscal year, the group recorded operating losses and material impairment losses for the seventh consecutive fiscal year and net losses attributable to owners of the parent for the tenth consecutive fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption.」
Operating loss and significant impairment losses continued for the seventh consecutive fiscal year, while the net loss attributable to owners of the parent continued for the tenth consecutive fiscal year, with significant doubt regarding the going-concern assumption continuing and becoming more serious. - FY2024-Q3RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded an operating loss and material impairment losses for the sixth consecutive period, and a net loss attributable to owners of the parent for the ninth consecutive period. In the nine-month period ended December 2020, it also recorded material impairment losses, as well as a material operating loss and a quarterly net loss attributable to owners of the parent, resulting in conditions that raise substantial doubt about the group's ability to continue as a going concern.」
Reiterated the substantial doubt arising from 6 consecutive periods of operating losses, material impairment losses and 9 consecutive periods of net losses, and continued countermeasures including cost reductions, portfolio improvement and financial strengthening. The determination that material uncertainty exists was also maintained. - FY2024-Q2RestatedAnnual report
「In the previous consolidated fiscal year, the Group recorded operating losses and material impairment losses for 6 consecutive fiscal years and net losses attributable to owners of the parent for 9 consecutive fiscal years. During the first 6 months of the current consolidated fiscal year, it also recorded a material impairment loss, a material operating loss and a quarterly net loss attributable to owners of the parent.」
The company reiterated the material doubt arising from six consecutive periods of operating losses and significant impairment losses, together with nine consecutive periods of net losses, and countermeasures including stabilising a return-to-profit structure and strengthening its finances. - FY2024-Q1RestatedAnnual report
「In the previous consolidated fiscal year, our Group recorded operating losses and material impairment losses for 6 consecutive fiscal years and net losses attributable to owners of the parent for 9 consecutive fiscal years. In addition, because it recorded a material operating loss and a quarterly net loss attributable to owners of the parent during the cumulative first quarter, circumstances existed that raised substantial doubt about the Company's ability to continue as a going concern.」
The company reiterated the existence of material uncertainty arising from 6 consecutive years of operating losses, significant impairment losses, and 9 consecutive years of net losses, while continuing measures including cost reductions, portfolio improvements, and financing. - FY2023WorsenedAnnual report
「During the consolidated fiscal year, the Group recorded operating losses and significant impairment losses for the sixth consecutive fiscal year, as well as a net loss attributable to owners of the parent for the ninth consecutive fiscal year. As a result, conditions existed that raised significant doubt about the going-concern assumption.」
Operating loss and material impairment loss continued for 6 consecutive periods, while the net loss attributable to owners of the parent continued for 9 consecutive periods, causing material doubt regarding the going concern assumption to persist and worsen. - FY2023-Q3RestatedAnnual report
「In the previous consolidated fiscal year, the Group recorded operating losses and material impairment losses for five consecutive periods and net losses attributable to owners of the parent for eight consecutive periods. As it also recorded a material operating loss and quarterly net loss attributable to owners of the parent during the cumulative consolidated period for the third quarter, circumstances exist that raise substantial doubt about the going-concern assumption.」
Reiterated the substantial doubt arising from 5 consecutive periods of operating losses, material impairment losses and 8 consecutive periods of net losses. Although the company continues to reduce variable and fixed costs, improve its portfolio, sell assets and implement financial measures, material uncertainty remains. - FY2023-Q2RestatedAnnual report
「To resolve this situation, the Group will continue to seek to stabilize a profitable earnings structure by reducing variable and fixed costs and improving its product portfolio, while also strengthening its finances and pursuing further business improvements.」
Reiterated the substantial doubt arising from 5 consecutive periods of operating losses, material impairment losses and 8 consecutive periods of net losses, and stated that the company would continue to reduce costs, improve its portfolio and strengthen its finances. The company also continued to determine that material uncertainty exists. - FY2023-Q1RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded operating losses and material impairment losses for 5 consecutive fiscal years and net losses attributable to owners of the parent for 8 consecutive fiscal years. As it also recorded a material operating loss and a quarterly net loss attributable to owners of the parent during the 3-month period of the current consolidated fiscal year, circumstances exist that raise material doubt about the going-concern assumption.」
The Company reiterated five consecutive periods of operating losses and material impairment losses, eight consecutive periods of net losses attributable to owners of the parent, and the operating loss and quarterly net loss for the current quarter. While continuing its response measures, it also maintained its assessment that a material uncertainty exists. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, the Group recorded operating losses and significant impairment losses for the fifth consecutive fiscal year and a net loss attributable to owners of the parent for the eighth consecutive fiscal year. Although the operating loss narrowed from the previous consolidated fiscal year, conditions existed that raised significant doubt about the going-concern assumption because the Group recorded a significant operating loss and a net loss attributable to owners of the parent.」
The company recorded an operating loss and significant impairment loss for the fifth consecutive fiscal year and a net loss attributable to owners of the parent for the eighth consecutive fiscal year. Although the operating loss narrowed, material uncertainty regarding the going-concern assumption remained. - FY2022-Q3MitigatedAnnual report
「During the first 9 months of the fiscal year, the operating loss narrowed year on year. However, the company remained in a situation giving rise to significant doubt about the going-concern assumption because it recorded a significant operating loss and a quarterly net loss attributable to owners of the parent.」
The operating loss narrowed year on year, while the transfer of KOE, cost reductions, improvements to the business portfolio, and fund-raising progressed. However, significant operating and net losses remained, and material uncertainty regarding the going-concern assumption continued to be recognised. - FY2022-Q1WorsenedAnnual report
「In the previous consolidated fiscal year, the group recorded operating losses and significant impairment losses for the fourth consecutive fiscal year and net losses attributable to owners of the parent for the seventh consecutive fiscal year. It also recorded a significant operating loss and a quarterly net loss attributable to owners of the parent during the cumulative first-quarter period.」
The company recorded an operating loss and significant impairment loss for the fourth consecutive fiscal year and a net loss attributable to owners of the parent for the seventh consecutive fiscal year, with significant doubt regarding the going-concern assumption continuing. The disclosure that material uncertainty remains due to tight semiconductor supply and demand and fluctuations in customer demand was also maintained. - FY2021-Q3RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded operating losses and material impairment losses for 3 consecutive fiscal years and net losses attributable to owners of the parent for 6 consecutive fiscal years. It also recorded a material operating loss and a quarterly net loss attributable to owners of the parent during the 9-month period of the current consolidated fiscal year.」
The company reiterated the existence of circumstances giving rise to material doubt about the going-concern assumption and stated that it was continuing measures to improve performance through structural reforms, fixed-cost reductions, product-portfolio improvements and financial strengthening. - FY2021-Q2RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded an operating loss and material impairment losses for the third consecutive period, and a net loss attributable to owners of the parent for the sixth consecutive period. In the six-month period ended September 2020, it also recorded a material operating loss and a quarterly net loss attributable to owners of the parent.」
The company reiterated that significant doubt exists regarding the going-concern assumption due to the recognition of significant operating and quarterly net losses. It continues to implement improvement measures including structural reforms, product portfolio improvements and capital raising. - FY2021-Q1RestatedAnnual report
「These circumstances constitute events or conditions that raise substantial doubt about the going-concern assumption. However, as described in “2. Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows, (5) Measures to Address Material Events and Other Matters Described in Business Risks,” the company is considering measures to resolve these material events and other matters and will work to improve the situation.」
Against a backdrop of operating losses for 3 consecutive fiscal years, material impairment losses, and net losses attributable to owners of the parent for 6 consecutive fiscal years, the company again raised substantial doubt about its ability to continue as a going concern. It stated that it would pursue improvement through fixed-cost reductions, the transfer of the Hakusan Plant, product portfolio improvements and financial strengthening. - FY2020MitigatedAnnual report
「As a result, the negative net worth had been eliminated as of the end of the consolidated fiscal year. In addition, the company will secure long-term, stable funding, raise its equity ratio and continue to improve its financial position. However, given the potential impact on near-term cash management if the stable recovery in performance expected by the company is delayed by a decline in sales accompanying weaker consumption due to the future impact of COVID-19 or renewed supply chain disruptions, material uncertainty regarding the going-concern assumption remains at this point.」
The negative net worth was eliminated and long-term, stable funding secured through a capital injection and refinancing. However, it was stated that material uncertainty remained due to cash management risks if recovery in performance was delayed by an infectious disease outbreak. - FY2020-Q3MitigatedAnnual report
「As a result, operating income was positive in the third quarter consolidated accounting period, and the company continues to aim for sustained profitability from the fourth quarter consolidated accounting period onward.」
The company stated that it achieved operating profitability on a standalone third-quarter basis as a result of structural reforms and company-wide cost reductions. On a cumulative basis, however, the operating loss, quarterly net loss, and negative net worth remained, and the material uncertainty had not been resolved. - FY2020-Q2WorsenedAnnual report
「As a result of these circumstances, events or conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. However, as described in "2. Management's Analysis of Financial Position, Operating Results and Cash Flows (6) Business Risks: Measures to Resolve Material Events and Other Matters," the Company is considering measures to resolve these material events and other matters and will work to improve the situation.」
In addition to recording a material impairment loss, an operating loss and a quarterly net loss, the excess of liabilities over assets continued and widened from the end of the first quarter. The disclosure has changed from the previous assessment that no material uncertainty was recognized to a statement that the company is working to improve the situation. - FY2020-Q1MaterialisedAnnual report
「During the first 3 months of the fiscal year, the company recorded a significant impairment loss as well as a significant operating loss and a quarterly net loss attributable to owners of the parent. As a result, it had negative net assets at the end of the first-quarter consolidated accounting period.」
In addition to recording a material impairment loss, an operating loss and a quarterly net loss, the Company became insolvent on a shareholders' equity basis at the end of the period. The disclosure changed from the previous assessment that no material uncertainty existed to stating that material uncertainty regarding the going concern assumption existed at present. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the group recognized significant impairment losses for the second consecutive fiscal year and operating losses for the second consecutive fiscal year, while also recording a net loss attributable to owners of the parent for the fifth consecutive fiscal year. Accordingly, conditions giving rise to significant doubt about the going-concern assumption existed.」
The material uncertainty related to the going concern assumption was reiterated, and the wording changed from the previous assessment that “no material uncertainty was identified” to a statement that “material uncertainty is identified” if the capital injection is not finalized. - FY2019-Q3RestatedAnnual report
「Our group recorded a material net loss attributable to owners of the parent for the fiscal year ended March 2018 and also recorded a quarterly net loss attributable to owners of the parent for the cumulative third quarter. Accordingly, conditions that could raise substantial doubt about the going-concern assumption continue to exist. However, as described in “(5) Measures to resolve material events and other matters described under 2. Analysis of financial condition, operating results and cash flows by management,” we are considering measures to resolve these matters and have determined that no material uncertainty regarding the going-concern assumption exists.」
The filing reiterated that conditions giving rise to significant doubt about the going-concern assumption continued to exist due to the recognition of a quarterly net loss. Meanwhile, the company maintained its view that no material uncertainty existed as a result of its response measures. - FY2019-Q2RestatedAnnual report
「The group recorded a material net loss attributable to owners of the parent for the fiscal year ended March 2018 and also recorded a quarterly net loss attributable to owners of the parent for the second-quarter cumulative consolidated period. Although circumstances giving rise to material doubt about the going-concern assumption therefore continue to exist, the group is considering measures to eliminate the material events and conditions described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management, (6) Measures to Address Material Events and Conditions Described in Business Risks,” and has determined that no material uncertainty related to the going-concern assumption is recognized.」
The filing reiterated that conditions giving rise to significant doubt about the going-concern assumption continued to exist due to the recognition of a quarterly net loss. Meanwhile, the company maintained its view that no material uncertainty existed as a result of its response measures. - FY2019-Q1RestatedAnnual report
「The group recorded a significant net loss attributable to owners of the parent in the fiscal year ended March 2018 and a quarterly net loss attributable to owners of the parent during the cumulative first-quarter period, and conditions giving rise to significant doubt about the going-concern assumption continued to exist. However, as described in “2. Management’s Discussion and Analysis of Financial Position, Operating Results and Cash Flows, (5) Business and Other Risks: Measures to Resolve Material Events,” the company was considering measures to resolve those material events and determined that no material uncertainty regarding the going-concern assumption existed.」
While reiterating that circumstances giving rise to significant doubt about the going-concern assumption continued to exist as a result of recording a quarterly net loss, the company maintained its view that no significant uncertainties were recognized because of its response measures. - FY2018RestatedAnnual report
「The Group is implementing the structural reforms announced on 9 August 2017. As a result, it recorded business-structure improvement expenses and a material net loss attributable to owners of the parent in the current consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption. However, it is working to improve cash flow by implementing financial measures to secure financing and stabilize cash management.」
Although the company explicitly stated that circumstances giving rise to material doubt about the going-concern assumption continued to exist for the full fiscal year, it maintained its judgment that no material uncertainty was recognized as a result of financing, cash-management stabilization, structural reforms and OLED commercialization, among other measures. - FY2018-Q3RestatedAnnual report
「Although circumstances exist that raise significant doubt regarding the going-concern assumption, the company has been considering measures to resolve these material events and circumstances, as described in “3. Analysis of Financial Position, Operating Results and Cash Flows (5) Measures to Resolve Material Events and Circumstances Described under Business Risks,” and has determined that no material uncertainty regarding the going-concern assumption is recognized.」
Although the company reiterated that a situation involving material doubt exists due to the material quarterly net loss attributable to owners of the parent and other factors, it has determined that no material uncertainty is recognized as a result of its measures to address the situation. - FY2018-Q2First statedAnnual report
「During the six-month period ended the second quarter, the company recognized part of its business structure reform expenses as well as a material quarterly net loss attributable to owners of the parent, resulting in circumstances that raised substantial doubt about the going concern assumption. However, the company is considering measures to resolve these material events and other issues and has determined that no material uncertainty exists regarding the going concern assumption.」
The situation giving rise to significant doubt about the going-concern assumption was explicitly identified for the first time as a material event, due to structural reform costs and a significant quarterly net loss attributable to owners of the parent. The company, however, believes that no material uncertainty exists based on its financial measures, fixed-cost reductions, business selection, organizational restructuring and OLED commercialization efforts.