Material doubt regarding going concern due to operating losses for 2 consecutive periods
First written in FY2023. 4 of 10 entries say "Mitigated", first in FY2024-Q2. Latest entry: 2026-09-10.
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- 2026-09-10MitigatedEarningsSuggests it is closing out
「(Notes on going concern) None applicable.」
The third-quarter earnings report contains no note on the going-concern assumption, and both operating profit and ordinary profit were positive, suggesting that the previously disclosed material uncertainty has ended. - FY2026-H1WorsenedAnnual report
「However, consolidated operating profit planned under the medium-term management plan has fallen short of target for 3 consecutive periods, cash and deposits are at a low level, and the redemption date of the Class A preferred shares, 31 August 2026, is approaching. Securing funds for the redemption and a distributable amount has therefore become an issue. Accordingly, the Company recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
The shortfall in operating profit under the medium-term plan has continued for 3 consecutive periods. In addition to the low cash balance, the 31 August 2026 redemption date for the Class A preferred shares is approaching, making the securing of redemption funds and a distributable amount an issue, and the Company recognizes material doubt about the going concern assumption. - FY2025WorsenedAnnual report
「As consolidated operating profit planned under the medium-term management plan fell short of target, resulting in operating losses for 4 consecutive periods, the Company recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
Operating losses progressed from 3 consecutive periods in the prior fiscal year to 4 consecutive periods, and the recognition of material doubt about the going concern assumption continued and became more serious. - FY2025-H1RestatedAnnual report
「Due to the impact of declining sales in the Group’s core TSUTAYA BOOKSTORE business, the Group has recorded operating losses for 3 consecutive periods since the fiscal year ended October 2022 and recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
The Company continues to disclose its recognition of operating losses for 3 consecutive periods and material doubt about the going concern assumption. At the same time, it continues to determine that no material uncertainty exists, on the premise that relationships with financial institutions will be maintained and funding secured. - FY2024WorsenedAnnual report
「Due to the impact of declining sales in the Group’s core TSUTAYA BOOKSTORE business, the Group has recorded operating losses for 3 consecutive periods since the fiscal year ended October 2022 and recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
Operating losses progressed from 2 consecutive periods to 3 consecutive periods, and the Company continues to recognize material doubt about the going concern assumption. At the same time, it has determined that no material uncertainty exists, on the premise that funding and other requirements will be secured. - FY2024-Q2MitigatedAnnual report
「The Company believes it will be able to secure sufficient funds to meet anticipated demand under its funding plan, including for future financing, and has determined that no material uncertainty exists regarding the going concern assumption.」
While the recognition of operating losses for 2 consecutive periods and material doubt is maintained, the Company has determined that no material uncertainty exists regarding the going concern assumption, on the premise that relationships with financial institutions will be maintained and funding secured. - FY2024-Q1RestatedAnnual report
「Due to the impact of declining sales in the Group’s core TSUTAYA BOOKSTORE business, the Group has recorded operating losses for 2 consecutive periods since the fiscal year ended October 2022 and recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
The Company continues to disclose its recognition of material doubt about the going concern assumption arising from operating losses for 2 consecutive periods against a backdrop of declining sales in the TSUTAYA BOOKSTORE business. - FY2023MaterialisedAnnual report
「Due to the impact of declining sales in the Group’s core TSUTAYA BOOKSTORE business, the Group has recorded operating losses for 2 consecutive periods since the fiscal year ended October 2022 and recognizes that events or conditions exist that may raise material doubt about the going concern assumption.」
Against a backdrop of declining sales in the TSUTAYA BOOKSTORE business, the Group recorded operating losses for 2 consecutive periods since the fiscal year ended October 2022 and recognizes events and conditions that may raise material doubt about the going concern assumption.