Material Uncertainty Related to Going Concern Due to Losses for Two Consecutive Fiscal Years
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「Based on these circumstances, the Company has determined that, during the current consolidated fiscal year, the events or conditions giving rise to significant doubt regarding the going-concern assumption have been resolved.」
The company determined that the material event relating to the going concern assumption, which had arisen from 2 consecutive periods of losses, had been resolved based on improved performance, a forecast of profit for the following fiscal year, and cash and cash equivalents of ¥6,127 million. - FY2021-Q3RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded significant operating losses, ordinary losses and net losses attributable to owners of the parent for 2 consecutive periods. It also recorded an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent during the cumulative third-quarter period, giving rise to events or circumstances that raise substantial doubt about the going-concern assumption. However, as of the end of the consolidated third-quarter period, the group had ¥6,575 million in cash and deposits and had secured funds for its near-term operations, so there are no liquidity concerns.」
In addition to recording significant losses for 2 consecutive fiscal years, the Company also recorded an operating loss, ordinary loss and net loss for the 9-month period ended Q3, reconfirming the existence of a material event related to the going concern assumption. However, it states that cash and deposits of ¥6,575 million leave no concern regarding liquidity. - FY2021-Q2RestatedAnnual report
「In the previous consolidated fiscal year, the group recorded significant operating losses, ordinary losses and net losses attributable to owners of the parent for 2 consecutive fiscal years. It also recorded an operating loss, ordinary loss and net loss attributable to owners of the parent for the six-month period ended September 30, and therefore events or circumstances exist that raise substantial doubt about the going-concern assumption.」
In addition to significant losses for 2 consecutive periods, the company recorded an operating loss, an ordinary loss and a quarterly net loss for the cumulative second-quarter period, and has therefore reconfirmed the material events relating to the going-concern assumption. The company states that it has ¥7,176 million in cash and deposits and has no liquidity concerns. - FY2021-Q1RestatedAnnual report
「The Group recorded significant operating losses, ordinary losses and net losses attributable to owners of the parent for 2 consecutive fiscal years in the previous consolidated fiscal year, and also recorded an operating loss, ordinary loss and quarterly net loss attributable to owners of the parent for the first quarter of the current consolidated fiscal year. Accordingly, events or circumstances exist that raise substantial doubt about the going-concern assumption.」
In addition to significant losses for 2 consecutive fiscal years, the company recorded an operating loss, ordinary loss and net loss in the first quarter, reaffirming the significant event relating to the going-concern assumption. At the same time, it stated that there are no financing concerns, supported by ¥7,737 million in cash and deposits. - FY2020First statedAnnual report
「As the Group has recorded significant operating losses, ordinary losses and net losses attributable to owners of the parent for 2 consecutive periods, events or conditions exist that raise significant doubt about the going concern assumption.」
The company recorded operating losses, ordinary losses and net losses attributable to owners of the parent for the second consecutive fiscal year, and disclosed for the first time the events and circumstances giving rise to material doubt about the going-concern assumption. Meanwhile, it held ¥7,899 million in cash and cash equivalents and determined that there was no material uncertainty.