Decision and Details
Disclaimer of audit opinion on the financial statements and related documents for the fiscal year ending March 2026
The preparation of the financial results was delayed, which significantly delayed the submission of the audit materials and financial statements and related documents, preventing the necessary audit procedures from being completed by the date of the audit report. In addition, the company has continued to record significant operating losses and is requesting extensions of the repayment periods for borrowings from financial institutions, and sufficient audit evidence could not be obtained regarding the feasibility of the funding plan and other matters.
The report states that circumstances exist that raise substantial doubt regarding the going concern assumption. No audit opinion is expressed.
| Item | Details |
|---|---|
| Matter Covered | Disclaimer of audit opinion on the financial statements and related documents for the fiscal year ending March 2026 |
| Decision Date | 1 June 2026 |
| Period Covered | The 60th fiscal year, from 1 April 2025 to 31 March 2026 |
| Impact on Business Performance | The report states that circumstances exist that raise substantial doubt regarding the going concern assumption. No audit opinion is expressed. |
| Reason | The preparation of the financial results was delayed, which significantly delayed the submission of the audit materials and financial statements and related documents, preventing the necessary audit procedures from being completed by the date of the audit report. In addition, the company has continued to record significant operating losses and is requesting extensions of the repayment periods for borrowings from financial institutions, and sufficient audit evidence could not be obtained regarding the feasibility of the funding plan and other matters. |
| Governing Rule | Article 436, paragraph 2, item 1 of the Companies Act |
| Future plans | The approval of the financial statements will be submitted as an item for resolution at the ordinary general meeting of shareholders. The company states that it will appropriately address the reasons for this matter. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The preparation of the financial results was delayed, which significantly delayed the submission of the audit materials and financial statements and related documents, preventing the necessary audit procedures from being completed by the date of the audit report. In addition, substantial doubt has arisen regarding the going concern assumption because of ongoing significant operating losses and requests to financial institutions for extensions of the repayment periods for borrowings, and sufficient audit evidence could not be obtained to verify the feasibility of the funding plan and other matters.