Material Uncertainty Related to Going Concern
First written in FY2016. 22 of 40 entries say "Restated". Latest entry: 2026-08-07.
Kubotek moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
23 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The group has recorded an operating loss for 8 consecutive fiscal years and negative operating cash flow for 2 consecutive fiscal years.」
Operating losses continued from 7 consecutive periods to 8 consecutive periods, and operating cash flow was negative for 2 consecutive periods. The outlook for securing funds from the next fiscal year onward is uncertain, and no specific funding plan has been prepared, so material uncertainty regarding the going-concern assumption is recognized. - FY2026-H1WorsenedAnnual report
「However, early improvement in earnings power is difficult, and the company has not prepared a specific funding plan because it has no outlook for securing funds from the next fiscal year onward. As future funding conditions could have a significant impact on the company's liquidity, material uncertainty regarding the going-concern assumption is recognized.」
Although the Group recorded operating income of ¥72 million, operating cash flow was negative ¥148 million. The disclosure explicitly states that there is no outlook for securing funds from the next fiscal year onward and no specific funding plan. Material uncertainty regarding the going-concern assumption continues. - FY2025WorsenedAnnual report
「The Group has recorded operating losses for 7 consecutive periods, and operating cash flow was negative in the current consolidated fiscal year. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from customers, events or circumstances existed at the end of the current consolidated fiscal year that gave rise to substantial doubt about the going-concern assumption.」
Operating losses continued from 6 consecutive periods to 7 consecutive periods, and operating cash flow also changed from positive ¥455 million in the previous fiscal year to negative ¥195 million. Although operating margins and other measures have improved, the company continues to recognize material uncertainty regarding the going-concern assumption. - FY2025-H1RestatedAnnual report
「Although the Group recorded operating income of ¥158 million in the current interim consolidated accounting period, it recorded negative operating cash flow and considers it necessary to assess the recovery in performance carefully. It therefore recognizes that events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist.」
Although the Group recorded operating income of ¥158 million, operating cash flow was negative ¥263 million, and recognition of substantial doubt and material uncertainty regarding the going-concern assumption continues. - FY2024WorsenedAnnual report
「The Group has recorded operating losses for 6 consecutive periods, and operating cash flow was negative in the previous consolidated fiscal year. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from customers, events or circumstances existed at the end of the current consolidated fiscal year that gave rise to substantial doubt about the going-concern assumption. In recent years, the Group has worked to minimize fluctuations in performance as much as possible, reform its business structure and achieve stable earnings growth. However, it believes that restoring stable earnings power will take some time because of fluctuations in customers' capital investment plans and the impact of longer delivery times. As future funding conditions and other factors could have a significant impact on the company's future liquidity, material uncertainty regarding the going-concern assumption is recognized at this time.」
Operating losses continued from 5 consecutive periods to 6 consecutive periods, and the company remains in a position where it recognizes material uncertainty. Although operating cash flow turned positive at ¥455 million in the current fiscal year, the disclosure states that restoring stable earnings power will still take time. - FY2024-Q3RestatedAnnual report
「As future funding conditions and other factors could have a significant impact on the company's future liquidity, material uncertainty regarding the going-concern assumption is recognized at this time.」
The Group also recorded an operating loss in the first 9 months of the current fiscal year and continues to recognize material uncertainty regarding the going-concern assumption against the backdrop of 5 consecutive years of operating losses and negative operating cash flow in the previous fiscal year. - FY2024-Q2RestatedAnnual report
「The Group recorded an operating loss and negative operating cash flow in the second quarter of the current consolidated cumulative period, and events or conditions continue to exist that raise material doubt about the going-concern assumption.」
In addition to 5 consecutive years of operating losses and negative operating cash flow in the previous fiscal year, the Group recorded an operating loss of ¥148 million and negative operating cash flow of ¥24 million in the first 6 months of the current fiscal year. It continues to recognize material uncertainty regarding the going-concern assumption. - FY2024-Q1RestatedAnnual report
「The Group recorded operating losses for 5 consecutive periods through the previous consolidated fiscal year, and operating cash flow was negative in the previous consolidated fiscal year. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from customers, events or circumstances existed at the end of the previous consolidated fiscal year that gave rise to substantial doubt about the going-concern assumption. The Group also recorded an operating loss in the first 3 months of the current fiscal year, and events or circumstances giving rise to substantial doubt continue to exist.」
The disclosure describes 5 consecutive years of operating losses, negative operating cash flow in the previous fiscal year, and an operating loss in the current quarter, and continues to recognize substantial doubt regarding the going-concern assumption. It also continues to describe measures to expand sales and develop new businesses. - FY2023WorsenedAnnual report
「The Group has recorded operating losses for 5 consecutive periods, and operating cash flow was negative in the current consolidated fiscal year. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from customers, events or circumstances existed at the end of the current consolidated fiscal year that gave rise to substantial doubt about the going-concern assumption.」
Operating losses continued from 4 consecutive periods to 5 consecutive periods, and operating cash flow changed from positive ¥51 million to negative ¥146 million. The disclosure has changed from the previous determination that no material uncertainty existed to recognition of material uncertainty this time. - FY2023-Q3RestatedAnnual report
「The Group also recorded an operating loss in the first 9 months of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure and expand earnings to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first 9 months also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists because it is pursuing business structure reforms and earnings growth and has no significant liquidity concerns. - FY2023-Q2RestatedAnnual report
「The Group recorded operating losses for 4 consecutive periods through the previous consolidated fiscal year, and its order backlog had also declined significantly. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, events or circumstances existed that gave rise to substantial doubt about the going-concern assumption. The Group also recorded an operating loss in the first 6 months of the current fiscal year, and events or circumstances giving rise to substantial doubt continue to exist because difficult order conditions persist. However, it is working to reform its business structure and expand earnings to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure describes 4 consecutive years of operating losses, a significant decline in the order backlog, and an operating loss in the first 6 months of the current fiscal year. However, the company continues to determine that no material uncertainty exists because it is pursuing business structure reforms and earnings growth and has no significant liquidity concerns. - FY2023-Q1RestatedAnnual report
「The Group also recorded an operating loss in the first 3 months of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure and expand earnings to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first quarter also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and earnings growth and has no significant liquidity concerns. - FY2022WorsenedAnnual report
「The Group has recorded operating losses for 4 consecutive periods, and its order backlog has also declined significantly. Although events or circumstances exist that give rise to substantial doubt about the going-concern assumption because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, the Group is working to reform its business structure and expand earnings to resolve those events and circumstances. As there are also no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
Operating losses have continued for 4 consecutive periods, compared with 3 consecutive periods previously, and the significant decline in the order backlog has also been disclosed. However, the company continues to determine that no material uncertainty exists because it is pursuing business structure reforms and earnings growth. - FY2022-Q3RestatedAnnual report
「The Group also recorded an operating loss in the first 9 months of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first 9 months also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2022-Q2RestatedAnnual report
「The Group recorded operating losses for 3 consecutive periods through the previous consolidated fiscal year, and its order backlog had also declined significantly. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, events or circumstances existed that gave rise to substantial doubt about the going-concern assumption. The Group also recorded an operating loss in the first 6 months of the current fiscal year, and events or circumstances giving rise to substantial doubt continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first 6 months of the current fiscal year also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2022-Q1RestatedAnnual report
「The Group recorded operating losses for 3 consecutive periods through the previous consolidated fiscal year, and its order backlog had also declined significantly. Because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, events or circumstances existed that gave rise to substantial doubt about the going-concern assumption. The Group also recorded an operating loss in the first 3 months of the current fiscal year, and events or circumstances giving rise to substantial doubt continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure describes 3 consecutive years of operating losses and a significant decline in the order backlog through the previous consolidated fiscal year, as well as an operating loss in the current quarter. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2021WorsenedAnnual report
「The Group has recorded operating losses for 3 consecutive periods, and its order backlog has also declined significantly. Although events or circumstances exist that give rise to substantial doubt about the going-concern assumption because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, the Group is working to reform its business structure to resolve those events and circumstances. As there are also no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
Operating losses have continued for 3 consecutive periods, and the significant decline in the order backlog continues to be disclosed as a material event. The company continues to determine that no material uncertainty exists because of its countermeasures and funding arrangements. - FY2021-Q3RestatedAnnual report
「The Group also recorded an operating loss in the first 9 months of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first 9 months also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2021-Q2RestatedAnnual report
「The Group also recorded an operating loss in the first 6 months of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The disclosure for the first 6 months of the current fiscal year also describes an operating loss and difficult order conditions. However, the company continues to determine that no material uncertainty exists regarding the going-concern assumption because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2021-Q1WorsenedAnnual report
「The Group recorded an operating loss in the first quarter of the current fiscal year, and events or circumstances giving rise to substantial doubt about the going-concern assumption continue to exist because difficult order conditions persist. However, it is working to reform its business structure to resolve those events and circumstances, and, as there are no significant liquidity concerns, it has determined that no material uncertainty exists regarding the going-concern assumption.」
In addition to 2 consecutive years of operating losses and a decline in the order backlog through the previous consolidated fiscal year, the Group recorded an operating loss of ¥70 million in the current quarter, and difficult order conditions continue. However, it continues to determine that no material uncertainty exists because it is pursuing business structure reforms. - FY2020WorsenedAnnual report
「The Group has recorded operating losses for 2 consecutive periods, and its order backlog has also declined significantly. Although events or circumstances exist that give rise to substantial doubt about the going-concern assumption because performance is unavoidably affected by capital investment by specific markets and customers and order trends from specific customers, the Group is working to reform its business structure to resolve those events and circumstances. As there are also no significant concerns regarding liquidity, it has determined that no material uncertainty exists regarding the going-concern assumption.」
The company explicitly identified 2 consecutive years of operating losses and a significant decline in the order backlog as material events. However, it continues to determine that no material uncertainty exists because it is pursuing business structure reforms and has no significant liquidity concerns. - FY2020-Q3RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
The notes for the first 9 months of the current fiscal year also state that there are no matters applicable to the going-concern assumption, and the company continues to determine that no material uncertainty exists. - FY2020-Q2RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
The notes for the first 6 months of the current fiscal year also state that there are no matters applicable to the going-concern assumption, and the company continues to determine that no material uncertainty exists. - FY2020-Q1RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
The notes for the current quarter also state that there are no matters applicable to the going-concern assumption, and the company continues to determine that no material uncertainty exists. - FY2019-Q3RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
Although the company recorded an operating loss, the notes for the first 9 months state that there are no matters applicable to the going-concern assumption, and the company continues to determine that no material uncertainty exists. - FY2019-Q1RestatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
The notes for the current quarter also state that there are no matters applicable to the going-concern assumption, and the company continues to determine that no material uncertainty exists, as indicated at the end of the previous fiscal year. - FY2018MitigatedAnnual report
「(Matters Related to the Going Concern Assumption) There are no applicable matters.」
Although substantial doubt arising from past losses and dependence on orders has been disclosed, the notes to the consolidated financial statements for the current fiscal year state that there are no matters applicable to the going-concern assumption. - FY2018-Q3RestatedAnnual report
「The Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent for consecutive periods in the past. Its performance fluctuates significantly because it depends on order trends in its main business, the inspection equipment systems business. Although events or circumstances exist that give rise to substantial doubt about the going-concern assumption, the Group has implemented the measures described in Section 2, Business Overview, 3. Analysis of Financial Position, Operating Results and Cash Flows, (5) Analysis and Consideration of Material Events, etc., Described under Business and Other Risks, and Measures to Resolve or Improve Such Events, etc., to resolve them. Accordingly, it has determined that no material uncertainty exists regarding the going-concern assumption.」
Although the company states that events or circumstances giving rise to substantial doubt exist, it continues to determine that no material uncertainty exists regarding the going-concern assumption because it is implementing countermeasures. - FY2018-Q2RestatedAnnual report
「The Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent for consecutive periods in the past. Its performance fluctuates significantly because it depends on order trends in its main business, the inspection equipment systems business. Although events or circumstances exist that give rise to substantial doubt about the going-concern assumption, the Group has implemented the measures described in Section 2, Business Overview, 3. Analysis of Financial Position, Operating Results and Cash Flows, (6) Analysis and Consideration of Material Events, etc., Described under Business and Other Risks, and Measures to Resolve or Improve Such Events, etc., to resolve them. Accordingly, it has determined that no material uncertainty exists regarding the going-concern assumption.」
Although the company states that events or circumstances giving rise to substantial doubt exist, it continues to determine that no material uncertainty exists regarding the going-concern assumption because it is implementing countermeasures. - FY2018-Q1MitigatedAnnual report
「As described in Section 2, Business Overview, 1. Business and Other Risks, events or circumstances exist that give rise to substantial doubt about the going-concern assumption. However, the Group has implemented the measures described in Section 2, Business Overview, 3. Analysis of Financial Position, Operating Results and Cash Flows, (5) Analysis and Consideration of Material Events, etc., Described under Business and Other Risks, and Measures to Resolve or Improve Such Events, etc., to resolve those events and circumstances. Accordingly, it has determined that no material uncertainty exists regarding the going-concern assumption.」
Although the company states that events or circumstances giving rise to substantial doubt exist, it has implemented countermeasures, and its assessment has changed from the previous quarters' disclosure recognizing material uncertainty to a determination that no material uncertainty exists. - FY2017-Q3RestatedAnnual report
「In the first 9 months of the current fiscal year, the Group recorded an operating loss, an ordinary loss and a quarterly net loss attributable to owners of the parent. Accordingly, it considers it necessary to assess the recovery in performance carefully and recognizes that, as in the previous consolidated fiscal year, events or circumstances exist in the first 9 months that give rise to substantial doubt about the going-concern assumption.」
The Group recorded an operating loss of ¥44 million, an ordinary loss of ¥54 million and a quarterly net loss of ¥60 million, although losses narrowed year on year. It continues to recognize material uncertainty regarding the going-concern assumption, considering it necessary to assess the recovery in performance carefully. - FY2017-Q2RestatedAnnual report
「In the first 6 months of the current fiscal year, the Group recorded operating income of ¥34 million, ordinary income of ¥24 million and net income attributable to owners of the parent of ¥19 million, and operating cash flow was positive. However, it is necessary to assess the recovery in performance even more carefully, and the Group recognizes that, as in the previous consolidated fiscal year, events or circumstances exist in the first 6 months that give rise to substantial doubt about the going-concern assumption.」
Although cumulative profit and operating cash flow were positive for the quarter, the Group considers it necessary to assess the recovery in performance carefully and continues to recognize material uncertainty regarding the going-concern assumption. - FY2017-Q1RestatedAnnual report
「In the first quarter of the current fiscal year, the Group recorded operating income of ¥75 million, ordinary income of ¥68 million and quarterly net income attributable to owners of the parent of ¥60 million. However, it is necessary to assess the recovery in performance even more carefully, and the Group recognizes that, as in the previous consolidated fiscal year, events or circumstances exist in the first quarter that give rise to substantial doubt about the going-concern assumption.」
Although the Group returned to profitability for the quarter, it considers it necessary to assess the recovery in performance carefully and continues to recognize material uncertainty regarding the going-concern assumption. - FY2016First statedAnnual report
「Accordingly, the Group recognizes that, as in the previous consolidated fiscal year, events or circumstances exist in the current consolidated fiscal year that give rise to substantial doubt about the going-concern assumption.」
Although the company returned to profitability in the previous fiscal year after 3 consecutive years of losses, it recorded operating, ordinary and net losses in the current fiscal year and recognizes material uncertainty regarding the going-concern assumption.