Disclaimer of Opinion in the Audit Report on the Annual Securities Report for the Fiscal Year Ending March 2026 and Disclaimer of Opinion in the Internal Control Audit Report
KUBOTEK CORPORATION (the filing company)
KUBOTEK CORPORATION recorded operating losses for 6 consecutive fiscal years on a standalone basis and for 8 consecutive fiscal years on a consolidated basis, while consolidated operating cash flow was negative for 2 consecutive fiscal years. In addition, the order backlog of its core business declined significantly, there were no prospects for securing financing from the next fiscal year onward, and no specific financing plan was presented or formulated.
Fiscal year ending March 2026 (from 1 April 2025 to 31 March 2026; the internal control audit was as of 31 March 2026)
Company response
Audit conducted by Audit Corporation Hibiscus. No third-party committee or special investigation committee disclosed.
KUBOTEK CORPORATION will implement measures to improve its performance and work to secure financing from the next fiscal year onward in order to promptly resolve the matters that led to the disclaimer of opinion.
| Item | Details |
|---|---|
| Event name | Disclaimer of Opinion in the Audit Report on the Annual Securities Report for the Fiscal Year Ending March 2026 and Disclaimer of Opinion in the Internal Control Audit Report |
| Date of occurrence | 26 June 2026 (the date the audit report was received) |
| Date recognized / date notice received | 26 June 2026 |
| Subject Entity | KUBOTEK CORPORATION (the filing company) |
| Cause | KUBOTEK CORPORATION recorded operating losses for 6 consecutive fiscal years on a standalone basis and for 8 consecutive fiscal years on a consolidated basis, while consolidated operating cash flow was negative for 2 consecutive fiscal years. In addition, the order backlog of its core business declined significantly, there were no prospects for securing financing from the next fiscal year onward, and no specific financing plan was presented or formulated. |
| Accounting period in which recognized | Fiscal year ending March 2026 (from 1 April 2025 to 31 March 2026; the internal control audit was as of 31 March 2026) |
| Investigation structure | Audit conducted by Audit Corporation Hibiscus. No third-party committee or special investigation committee disclosed. |
| Outlook | KUBOTEK CORPORATION will implement measures to improve its performance and work to secure financing from the next fiscal year onward in order to promptly resolve the matters that led to the disclaimer of opinion. |
Items this document does not state (17)
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 audit firm stated that it was unable to obtain sufficient appropriate audit evidence to determine whether the preparation of the financial statements on a going-concern basis was appropriate, citing 6 consecutive fiscal years of operating losses on a standalone basis, 8 consecutive fiscal years of operating losses on a consolidated basis, negative consolidated operating cash flow for 2 consecutive fiscal years, a significant decrease in the order backlog of its core business, the lack of prospects for securing financing from the next fiscal year onward, and the failure to present or formulate a specific financing plan.