Material Doubts Regarding the Going Concern Assumption and Deterioration in Financial Condition
First written in FY2023. 2 of 5 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-08-14.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- 2026-08-14RestatedRevision of earnings forecasts
「Not applicable.」
The disclosure states that there are no applicable matters in the note on the going-concern assumption, continuing the previous determination that the issue had been resolved. - FY2024MitigatedAnnual report
「The company recorded net income in both its consolidated and non-consolidated financial statements for the current consolidated fiscal year and the current fiscal year. In its non-consolidated financial statements, it also eliminated excess liabilities during the fiscal year through dividends received from a subsidiary. Accordingly, it determined that the events or circumstances that could raise significant doubt about the going concern assumption had been resolved for both the current consolidated fiscal year and the current fiscal year.」
Because the company recorded net income on both a consolidated and non-consolidated basis and eliminated excess liabilities on a non-consolidated basis through dividends received from a subsidiary, it determined that the material events and other matters concerning the going concern assumption had been resolved. - FY2024-Q3RestatedAnnual report
「Of the risks described in the securities report for the previous fiscal year, the material events and other matters concerning the going concern assumption had been resolved as of the end of the second quarter of the current consolidated fiscal year.」
The company reconfirmed in the third quarter that the material events and other matters concerning the going concern assumption had been resolved as of the end of the second quarter. - FY2024-Q2MitigatedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the company had eliminated its excess liabilities through dividends received from a subsidiary and expects to maintain the elimination of excess liabilities for the full fiscal year. Accordingly, it determined that, as of the end of the second quarter, the events or circumstances that could raise significant doubt about the going concern assumption had been resolved.」
The company eliminated its excess liabilities through dividends received from a subsidiary and expects to maintain the elimination of excess liabilities for the full fiscal year while recording net income. It therefore determined that the significant doubt regarding the going concern assumption had been resolved. - FY2023MaterialisedAnnual report
「For the fiscal year from 1 July 2022 through 30 June 2023, the company recorded a net loss of ¥571.523 million due to the recognition of impairment losses and valuation losses on shares of affiliated companies as extraordinary losses. On a consolidated basis, it recorded a net loss attributable to owners of the parent of ¥504.840 million for the same consolidated fiscal year due to the recognition of impairment losses and amortization of goodwill as extraordinary losses. As a result, total liabilities at the end of the fiscal year amounted to ¥994.949 million and exceeded total assets, creating circumstances that could raise significant doubt about the going concern assumption.」
The company recorded net losses on both a standalone and consolidated basis and, on a standalone basis, total liabilities exceeded total assets. It disclosed this situation as a significant risk for the first time. At the same time, based on orders received, inquiries, approximately ¥870 million in cash on hand and its banking relationships, the company determined that there was no significant uncertainty regarding the going concern assumption.