Material Event Related to Going Concern (Consecutive Operating Losses)
First written in FY2024-Q1. 8 of 14 entries say "Worsened", first in FY2024. Latest entry: FY2027-H1.
Gyet moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「The Company has recorded operating losses for 8 consecutive fiscal years through the previous fiscal year, and events or conditions continue to exist that raise substantial doubt about the going-concern assumption. As of 31 August 2026, in addition to the continued exercise of stock acquisition rights issued through a third-party allotment, the Company had secured the funds necessary for near-term operations. It is also implementing various measures to improve its earnings structure and diversifying the earnings base of its diversified business group by improving the profitability of existing businesses, pursuing buyback and AI-related businesses, and making effective use of its owned assets.」
While the recognition of consecutive operating losses and material events continues, the Company has identified measures including securing funds through the exercise of stock acquisition rights, improving its earnings structure, and diversifying its earnings base through buyback and AI-related businesses and the use of owned assets. It has determined that no material uncertainty is recognized at this time. - FY2026WorsenedAnnual report
「Because we recorded operating losses for 9 consecutive fiscal years through the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
The consecutive operating losses increased from 7 consecutive fiscal years through the previous fiscal year to 9 consecutive fiscal years through the current fiscal year, and we continue to recognize a material event concerning our ability to continue as a going concern. Meanwhile, following the raising of ¥3,639 million through the exercise of stock acquisition rights, we have determined that no material uncertainty exists at present. - FY2025WorsenedAnnual report
「Because we recorded operating losses for 7 consecutive fiscal years through the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
The consecutive operating losses increased from 6 consecutive fiscal years through the previous fiscal year to 7 consecutive fiscal years through the current fiscal year, and we continue to recognize a material event concerning our ability to continue as a going concern. - FY2025-H1RestatedAnnual report
「Because we recorded operating losses for 6 consecutive fiscal years through the previous fiscal year and also recorded an operating loss in the interim accounting period of the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
In addition to operating losses for 6 consecutive fiscal years, we recorded an operating loss in the interim accounting period of the current fiscal year, and continue to recognize a material event concerning our ability to continue as a going concern. The company identified a multi-brand strategy, improving the earnings structure, converting stagnant inventory into cash and controlling excess inventory as improvement measures, and described reporting progress on the business recovery to the parent company and short-term borrowings for working capital. - FY2025-Q1WorsenedAnnual report
「Because we recorded operating losses for 6 consecutive fiscal years through the previous fiscal year and also recorded an operating loss in the first quarter of the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
In addition to operating losses for 6 consecutive fiscal years, we recorded an operating loss of ¥173 million in the first quarter of the current fiscal year, and continue to recognize a material event concerning our ability to continue as a going concern. The improvement measures were reorganized around a multi-brand strategy, improving the earnings structure and developing priority products for sale. - FY2024WorsenedAnnual report
「Because we recorded operating losses for 6 consecutive fiscal years through the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
The consecutive operating losses increased from 5 consecutive fiscal years through the previous fiscal year to 6 consecutive fiscal years through the current fiscal year. Although the company describes converting inventory into cash, improving the gross margin, reducing costs and the possibility of requesting support from the parent company as improvement measures, it continues to recognize a material event concerning its ability to continue as a going concern. - FY2024-Q3RestatedAnnual report
「Because we recorded operating losses for 5 consecutive fiscal years through the previous fiscal year and also recorded an operating loss in the third quarter of the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern. To resolve this situation, we are working to improve profitability and strengthen our financial position by implementing the improvement measures described below.」
Due to operating losses for 5 consecutive fiscal years and an operating loss in the third quarter of the current fiscal year, we continue to recognize a material event concerning our ability to continue as a going concern. Meanwhile, we state that we are proceeding with discussions on improving the inventory sell-through rate, expected improvements in the gross margin, cost reductions, and financing, including discussions with the parent company. - FY2024-Q2RestatedAnnual report
「Because we recorded operating losses for 5 consecutive fiscal years through the previous fiscal year and also recorded an operating loss in the second quarter of the current fiscal year, events or conditions exist that raise substantial doubt about our ability to continue as a going concern.」
In addition to operating losses for 5 consecutive fiscal years through the previous fiscal year, we recorded an operating loss in the second quarter of the current fiscal year, and continue to recognize a material event concerning our ability to continue as a going concern. - FY2024-Q1First statedAnnual report
「Because the company recorded operating losses for 5 consecutive fiscal years through the previous fiscal year and also recorded an operating loss in the first quarter of the current fiscal year, events or conditions exist that raise significant doubt about the going concern assumption.」
Against the backdrop of operating losses for 5 consecutive fiscal years and an operating loss in the first quarter, the company disclosed for the first time, as a standalone item, a material event related to the going concern assumption. However, because the company is implementing improvement measures, it has determined that no material uncertainty related to the going concern assumption is recognized at this time.