Material doubt regarding the going-concern assumption
First written in FY2025. 4 of 8 entries say "Worsened", first in FY2026-H1. Latest entry: 2026-10-15.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2027-H1WorsenedAnnual report
「Because the company had recorded operating losses, ordinary losses and net losses for four consecutive fiscal years through the end of the previous fiscal year, circumstances existed that raised substantial doubt about the company’s ability to continue as a going concern.」
Regarding circumstances raising substantial doubt about the going-concern assumption, the consecutive loss-making period through the end of the previous fiscal year increased from 3 to 4 fiscal years. Meanwhile, the company also continued to disclose that the current fiscal year is expected to turn profitable and that funding has been secured, as the interim accounting period was profitable. - 2026-07-14WorsenedEarnings
「We recorded operating losses, ordinary losses and net losses for 4 consecutive fiscal years through the end of the previous fiscal year, and recorded an operating loss of ¥26,307 thousand, an ordinary loss of ¥21,757 thousand and a quarterly net loss of ¥21,870 thousand in the cumulative first quarter. As a result, circumstances exist that raise substantial doubt about the Company's ability to continue as a going concern.」
Regarding circumstances that raise substantial doubt about the going-concern assumption, the company states that losses continued for 4 consecutive fiscal years through the end of the previous fiscal year. - FY2026Specific Measures to Restore Profitability and Secure FundingAnnual report
「To resolve these circumstances, the company is implementing the following measures focused on profitability: ① increasing net sales by strengthening live demonstration sales, ② optimizing advertising expenses and strengthening communications through social media, and ③ reducing fixed costs. Through these measures, the company expects to achieve profitability in the next fiscal year. In addition, it held cash and deposits of ¥559.134 million at the end of the current fiscal year and had additional funding capacity under an overdraft agreement, leading it to determine that the funds necessary to operate the business have been secured.」
Although the significant event arising from 3 consecutive loss-making years continues, the company explicitly identified 3 measures, namely strengthening live demonstration sales, optimizing advertising expenses and strengthening social media activity, and reducing fixed costs, as well as securing funding through cash and an overdraft facility. - 2026-04-14WorsenedEarnings
「We recorded operating losses, ordinary losses and net losses for 3 consecutive fiscal years through the end of the previous fiscal year, and recorded an operating loss of ¥271,138 thousand, an ordinary loss of ¥271,340 thousand and a net loss of ¥272,126 thousand in the current fiscal year. As a result, circumstances exist that raise substantial doubt about the Company's ability to continue as a going concern.」
Following 3 consecutive years of losses through the end of the previous fiscal year, the company also recorded operating, ordinary and net losses in the current fiscal year, extending the run of losses. However, it states that no significant uncertainty has been identified. - FY2026-H1WorsenedAnnual report
「The company recorded operating losses, ordinary losses and net losses for 3 consecutive fiscal years through the end of the previous fiscal year. In the current interim accounting period, it recorded an operating loss of ¥52.151 million, an ordinary loss of ¥51.793 million and an interim net loss of ¥52.138 million. Accordingly, circumstances exist that raise substantial doubt about the company’s ability to continue as a going concern.」
The consecutive loss-making period through the end of the previous fiscal year increased from the 2 consecutive years stated previously to 3 consecutive years. The company also recorded operating and other losses in the current interim accounting period. At the same time, it disclosed cash and deposits of ¥527.170 million and additional funding capacity under an overdraft agreement, and determined that no material uncertainty regarding its ability to continue as a going concern exists at present. - FY2025MaterialisedAnnual report
「The company recorded operating losses, ordinary losses and net losses for 2 consecutive fiscal years through the end of the previous fiscal year. In the current fiscal year, it recorded an operating loss of ¥281.839 million, an ordinary loss of ¥278.838 million and a net loss of ¥437.770 million. Accordingly, circumstances exist that raise substantial doubt about the company’s ability to continue as a going concern.」
In addition to operating losses, ordinary losses and net losses for 2 consecutive fiscal years, the company also recorded losses in the current fiscal year, and circumstances raising substantial doubt about its ability to continue as a going concern were explicitly disclosed for the first time.