Material Doubt Regarding Going Concern and Financial Foundation Due to a Sharp Decline in Net Sales
First written in FY2020. 7 of 9 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
11 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「Based on the foregoing, the Company has determined that the circumstances that could constitute a material doubt regarding the going-concern assumption have been resolved.」
The Company recorded operating income of ¥113 million, ordinary income of ¥119 million and net income of ¥126 million, while cash and deposits also reached ¥1,855 million. Accordingly, it determined that the circumstances that could constitute a material doubt regarding the going-concern assumption had been resolved. - FY2022-Q3MitigatedAnnual report
「However, the Company recorded quarterly net income of ¥76 million for the cumulative third quarter, and signs of recovery have begun to emerge. In addition, it held ¥1,668 million in cash and deposits at the end of the third quarter, and, as its financial position is stable, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The recording of quarterly net income of ¥76 million and holdings of ¥1,668 million in cash and deposits specifically demonstrated the recovery and stability of the financial position. However, circumstances that could constitute a material doubt arising from losses for 2 consecutive fiscal years continue to be disclosed. - FY2022-Q2MitigatedAnnual report
「However, the Company recorded quarterly net income of ¥67 million for the cumulative second quarter, and signs of recovery have begun to emerge. In addition, it held ¥1,759 million in cash and deposits at the end of the second quarter, and, as its financial position is stable, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The recording of quarterly net income of ¥67 million and holdings of ¥1,759 million in cash and deposits have made the recovery and stability of the financial position more concrete than in the previous quarter. Meanwhile, the circumstances that could constitute a material doubt regarding the going-concern assumption continue to be disclosed. - FY2022-Q1MitigatedAnnual report
「However, the Company recorded quarterly net income of ¥1 million for the cumulative first quarter, and signs of recovery have begun to emerge. In addition, it held ¥1,751 million in cash and deposits at the end of the first quarter, and, as its financial position is stable, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The recording of quarterly net income of ¥1 million and holdings of ¥1,751 million in cash and deposits continue to ease financial concerns regarding the going-concern assumption. However, circumstances that could constitute a material doubt based on losses for 2 consecutive fiscal years have been described. - FY2021MitigatedAnnual report
「Net sales for the fiscal year increased 10.7% from the same period of the previous year, indicating signs of recovery, but the recovery in profit remained sluggish, giving rise to a situation that could cast material doubt on the going concern assumption. However, as the Company held ¥1,682 million in cash and deposits at the end of the fiscal year and had a stable financial position, it determined that no material uncertainty related to the going concern assumption existed.」
Net sales increased 10.7% year on year and cash and deposits totaled ¥1,682 million. The Company continued to determine that no material uncertainty existed because of its stable financial position. At the same time, the sluggish recovery in profit and the situation that could cast material doubt on the going concern assumption remained. - FY2021-Q3MitigatedAnnual report
「However, net sales for the cumulative third quarter period increased 18.6% from the same period of the previous year, and signs of recovery had begun to emerge. In addition, as the Company held ¥1,534 million in cash and deposits at the end of the third quarter accounting period and had a stable financial position, it determined that no material uncertainty related to the going concern assumption existed.」
Although a situation that could cast material doubt on the going concern assumption continued to be disclosed, net sales increased 18.6% year on year, and the Company held ¥1,534 million in cash and deposits. It therefore continued to determine that no material uncertainty existed. - FY2021-Q2MitigatedAnnual report
「However, net sales for the cumulative second quarter period increased 39.9% from the same period of the previous year, and signs of recovery had begun to emerge. In addition, as the Company held ¥1,555 million in cash and deposits at the end of the second quarter accounting period and had a stable financial position, it determined that no material uncertainty related to the going concern assumption existed.」
Although a situation that could cast material doubt on the going concern assumption continued to be disclosed, net sales increased 39.9% year on year, indicating signs of recovery. The Company continued to determine that no material uncertainty existed because it held ¥1,555 million in cash and deposits. - FY2021-Q1MitigatedAnnual report
「However, net sales for the first quarter accounting period increased 13.8% from the same period of the previous year, and signs of recovery had begun to emerge. In addition, as the Company held ¥1,617 million in cash and deposits at the end of the first quarter accounting period and had a stable financial position, it determined that no material uncertainty related to the going concern assumption existed.」
Although a situation that could cast material doubt on the going concern assumption continued to be disclosed, net sales increased 13.8% year on year, indicating signs of recovery. The Company continued to determine that no material uncertainty existed because it held ¥1,617 million in cash and deposits. - FY2020MaterialisedAnnual report
「Accordingly, net sales declined substantially during the fiscal year, giving rise to a situation that could cast material doubt on the going concern assumption. However, as the Company held ¥1,621 million in cash and deposits at the end of the fiscal year and had a stable financial position, it determined that no material uncertainty related to the going concern assumption existed.」
The Company stated that the substantial decline in net sales had given rise to a situation that could cast material doubt on the going concern assumption, while determining that no material uncertainty existed because it held ¥1,621 million in cash and deposits and had a stable financial position.