A framework for securing stable profits and going-concern risk
First written in FY2017-Q1. 14 of 34 entries say "Mitigated", first in FY2017-Q2. Latest entry: 2026-10-15.
Tokyo Koki moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 30 of 71 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- 2026-10-15MitigatedEarnings
「(Notes on going concern) Not applicable.」
The notes on the going concern assumption state that there are no applicable matters. - FY2027-H1MitigatedAnnual report
「Ordinary profit was ¥149.521 million, compared with an ordinary loss of ¥13.807 million in the same period of the previous year; interim net income attributable to owners of the parent was ¥76.309 million, compared with an interim net loss attributable to owners of the parent of ¥22.298 million」
Ordinary profit and loss and interim net income and loss attributable to owners of the parent both turned from losses in the same period of the previous year to profits, improving the company's track record in securing stable profits. The company also states that there were no material changes in business and other risks. - 2026-07-15MitigatedEarnings
「(Notes on going concern) Not applicable.」
There were no notes regarding the going concern assumption, and quarterly ordinary profit was positive, indicating an improving situation regarding going concern risk and profitability. - FY2026MitigatedAnnual report
「Operating profit was ¥152 million, up 508.0% year on year, ordinary profit was ¥157 million, up 327.8%, and net income attributable to owners of the parent was ¥133 million, up 112.1%.」
Operating profit, ordinary profit and net income attributable to owners of the parent were all positive and increased from the same period of the previous year. The track record relating to securing stable profits has improved. - FY2026-H1Operating profitability coexists with continuing ordinary and net lossesAnnual report
「Operating profit turned profitable at ¥1 million, compared with an operating loss of ¥40 million in the year-earlier period. The ordinary loss was ¥14 million, compared with ¥32 million in the year-earlier period, and the interim net loss attributable to owners of the parent was ¥22 million, compared with ¥41 million in the year-earlier period. In both cases, the loss was reduced by half from the year-earlier period.」
Although the company became profitable at the operating level and ordinary loss and interim net loss attributable to owners of the parent narrowed, ordinary loss and interim net loss attributable to owners of the parent nevertheless continue. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It explicitly states that there have been no material changes to the major risks or to the business and other risks described in the securities report for the previous fiscal year. - FY2025-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the major risks or to the business and other risks described in the securities report for the previous fiscal year. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the major risks or to the business and other risks described for the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the major risks or to the business and other risks described for the previous fiscal year. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no material changes to the major risks or to the business and other risks described for the previous fiscal year. - FY2023-Q3MaterialisedAnnual report
「In connection with corrections to prior-year financial statements, the Group recorded a material quarterly net loss attributable to owners of the parent for the nine months ended the third quarter. From the end of that period through the present, concerns regarding cash management have also arisen. Accordingly, circumstances exist that raise substantial doubt about the going-concern assumption.」
Regarding the going-concern risk previously described as an issue relating to maintaining profitability and a stable profit structure, a material quarterly net loss and concerns regarding cash management have arisen, and substantial doubt and material uncertainty regarding the going-concern assumption have been explicitly disclosed. - FY2023-Q2WorsenedAnnual report
「For the six months ended the second quarter, revenue was ¥1,465 million, compared with ¥3,733 million in the same period of the previous year, and ordinary profit was ¥69 million, down 30.9%. Quarterly net income attributable to owners of the parent was ¥43 million, down 52.6%.」
Although the company remained profitable, revenue declined from the same period of the previous year, ordinary profit fell 30.9% and quarterly net income attributable to owners of the parent fell 52.6%, worsening the track record of securing stable profits. - FY2022WorsenedAnnual report
「For the fiscal year, revenue was ¥7,449 million, down 10.5% year on year, operating profit was ¥269 million, down 20.6%, and ordinary profit was ¥259 million, down 20.1%. Net income attributable to owners of the parent was ¥121 million, down 59.9%.」
Although the company remained profitable, revenue, operating profit, ordinary profit and net income attributable to owners of the parent declined year on year, worsening the track record of securing stable profits. - FY2022-Q3WorsenedAnnual report
「As a result, for the nine months ended the third quarter, revenue was ¥5,663 million, down 6.3% year on year, and ordinary profit was ¥148 million, down 30.2%. Quarterly net income attributable to owners of the parent was ¥148 million, down 19.9%.」
Although the company remained profitable, revenue, ordinary profit and quarterly net income attributable to owners of the parent were below the levels of the same period of the previous year, worsening the track record relating to securing stable profits. - FY2022-Q2WorsenedAnnual report
「As a result, for the six months ended the second quarter, revenue was ¥3,733 million, down 9.2% year on year, and ordinary profit was ¥101 million, down 43.6%. Quarterly net income attributable to owners of the parent was ¥92 million, down 41.4%.」
The company remained profitable, but revenue, ordinary profit and quarterly net income attributable to owners of the parent were below the levels of the same period of the previous year, worsening the track record relating to securing stable profits. - FY2022-Q1WorsenedAnnual report
「As a result, for the nine months ended the first quarter, the Group's revenue was ¥1,561 million, down 31.2% year on year, ordinary profit was ¥31 million, down 79.6%, and quarterly net income attributable to owners of the parent was ¥37 million, down 66.6%.」
Although the company remained profitable, revenue, ordinary profit and quarterly net income attributable to owners of the parent were substantially below the levels of the same period of the previous year, worsening the track record relating to securing stable profits. - FY2021Three consecutive profitable periods coexist with lower operating and ordinary profitAnnual report
「As a result, for the fiscal year, revenue was ¥8,321 million, up 11.8% year on year, operating profit was ¥340 million, down 18.8%, and ordinary profit was ¥324 million, down 13.6%. Net income attributable to owners of the parent was ¥303 million, down 0.2%.」
Although the company achieved its third consecutive profitable period, revenue increased while operating profit, ordinary profit and net income attributable to owners of the parent were below the levels of the same period of the previous year. - FY2021-Q3Higher revenue, lower ordinary profit and higher net income coexistAnnual report
「As a result, for the nine months ended the third quarter, revenue was ¥6,043 million, up 16.1% year on year, and ordinary profit was ¥212 million, down 13.1%. Quarterly net income attributable to owners of the parent was ¥185 million, up 14.4%.」
The company remained profitable, but ordinary profit declined 13.1% year on year. Revenue and quarterly net income attributable to owners of the parent increased, so improvements and deterioration in the track record relating to securing stable profits coexist. - FY2021-Q2MitigatedAnnual report
「As a result, for the six months ended the second quarter, revenue was ¥4,110 million, up 34.4% year on year, and ordinary profit was ¥179 million, up 32.7%. Quarterly net income attributable to owners of the parent was ¥157 million, up 77.6%.」
Revenue, ordinary profit and quarterly net income attributable to owners of the parent exceeded the levels of the same period of the previous year, improving the track record relating to securing stable profits. - FY2021-Q1MitigatedAnnual report
「As a result, for the nine months ended the first quarter, revenue was ¥2,270 million, up 68.8% year on year, ordinary profit was ¥153 million, up 373.5%, and quarterly net income attributable to owners of the parent was ¥112 million, compared with ¥5 million in the same period of the previous year.」
Revenue, ordinary profit and quarterly net income attributable to owners of the parent increased from the same period of the previous year, improving the track record relating to securing stable profits. - FY2020MitigatedAnnual report
「For the fiscal year, revenue was ¥7,439 million, up 38.3% year on year. This was mainly due to increased sales in the testing equipment business and the trading business. Operating profit was ¥418 million, up 45.7%.」
Revenue, operating profit and ordinary profit exceeded the levels of the same period of the previous year, improving the track record relating to securing stable profits. Meanwhile, the overseas business remains loss-making. - FY2020-Q3MitigatedAnnual report
「As a result, for the first nine months of the current consolidated fiscal year, sales were ¥5,207 million, up 37.7% year on year, and ordinary profit was ¥245 million, up 26.6%.」
Revenue and ordinary profit increased year on year, improving the track record relating to securing profits. Meanwhile, quarterly net income attributable to owners of the parent was below the level of the same period of the previous year, partly due to the reversal of special factors. - FY2020-Q2MitigatedAnnual report
「As a result, for the six months ended the second quarter, revenue was ¥3,057 million, up 25.6% year on year, and ordinary profit was ¥135 million, up 38.7%.」
Revenue and ordinary profit increased year on year, and operating profit was also ¥167 million, exceeding the level of the same period of the previous year. Quarterly net income attributable to owners of the parent declined due to the reversal of special factors in the same period of the previous year. - FY2020-Q1WorsenedAnnual report
「As a result, for the nine months ended the first quarter, revenue was ¥1,345 million, down 3.4% year on year, ordinary profit was ¥32 million, down 73.9%, and quarterly net income attributable to owners of the parent was ¥5 million, down 94.6%.」
Although the company remained profitable, revenue, ordinary profit and quarterly net income attributable to owners of the parent were below the levels of the same period of the previous year, weakening the track record of securing stable profits. - FY2019MitigatedAnnual report
「For the fiscal year, revenue was ¥5,379 million, up 18.8% year on year, operating profit was ¥287 million, compared with an operating loss of ¥306 million in the same period of the previous year, ordinary profit was ¥282 million, compared with an ordinary loss of ¥343 million, and net income attributable to owners of the parent was ¥542 million, compared with a net loss attributable to owners of the parent of ¥404 million.」
Operating loss, ordinary loss and net loss in the same period of the previous year all turned into operating profit, ordinary profit and net income, respectively. The track record relating to securing stable profits has improved. - FY2019-Q3MitigatedAnnual report
「As a result, for the first nine months of the current consolidated fiscal year, sales were ¥3,783 million, up 18.8% year on year, and ordinary profit was ¥193 million, compared with an ordinary loss of ¥296 million in the year-earlier period.」
Revenue increased, and ordinary income turned from a loss in the same period of the previous year into a profit. The track record relating to securing stable profits has improved, although extraordinary gains and extraordinary losses were also recognized. - FY2019-Q2MitigatedAnnual report
「As a result, for the first six months of the current consolidated fiscal year, sales were ¥2,434 million, up 16.8% year on year, and ordinary profit was ¥97 million, compared with an ordinary loss of ¥279 million in the year-earlier period.」
Ordinary loss in the same period of the previous year turned into ordinary profit, and quarterly net income attributable to owners of the parent was also ¥310 million. The track record relating to securing stable profits has improved. - FY2019-Q1MitigatedAnnual report
「As a result, for the nine months ended the first quarter, revenue was ¥1,392 million, up 38.3% year on year, ordinary profit was ¥124 million, compared with an ordinary loss of ¥185 million in the same period of the previous year, and quarterly net income attributable to owners of the parent was ¥103 million, up 8.4%.」
Revenue increased, and ordinary income turned from a loss in the same period of the previous year into a profit. The track record relating to the system for securing stable profits has improved since the third quarter of the previous fiscal year. - FY2018-Q3WorsenedAnnual report
「As a result, for the nine months ended the third quarter, revenue was ¥3,183 million, down 13.6% year on year, and the ordinary loss was ¥296 million, compared with ordinary profit of ¥125 million in the same period of the previous year.」
Revenue declined, and ordinary profit turned into an ordinary loss of ¥296 million. Quarterly net loss attributable to owners of the parent was also ¥160 million, further worsening the track record of securing stable profits. - FY2018-Q2WorsenedAnnual report
「As a result, for the first six months of the current consolidated fiscal year, sales were ¥2,084 million, down 20.8% year on year, and ordinary loss was ¥279 million, compared with ordinary profit of ¥129 million in the year-earlier period. The Group recorded a gain on the transfer of equity interests in its subsidiary Shenyang Tecos Wood Products Co., Ltd., a wholly owned subsidiary of Wuxi Sanwa Plastic Products Co., Ltd., which is itself wholly owned by the Company, as extraordinary income. It also recorded investigation costs related to the misconduct of former officers and employees of Wuxi Sanwa Plastic Products Co., Ltd. as extraordinary losses. Consequently, quarterly net loss attributable to owners of the parent was ¥68 million, compared with quarterly net income attributable to owners of the parent of ¥98 million in the year-earlier period.」
Ordinary profit in the same period of the previous year turned into an ordinary loss, and revenue also declined. Quarterly net income attributable to owners of the parent likewise turned from a profit into a loss, further worsening the track record of securing stable profits. - FY2018-Q1WorsenedAnnual report
「As a result, for the first three months of the current consolidated fiscal year, sales were ¥1,007 million, down 29.2% year on year, operating loss was ¥173 million, compared with operating profit of ¥91 million in the year-earlier period, and ordinary loss was ¥185 million, compared with ordinary profit of ¥80 million in the year-earlier period.」
While stating that there had been no change in the material risks, the Group's operating profit and ordinary profit moved from profits in the year-earlier period to losses, indicating deterioration in actual results in terms of stable profit generation. - FY2017-Q3RestatedAnnual report
「The Group judged that no material uncertainty related to the going-concern assumption was recognized. However, challenges remain before the Group can stabilize its financial base and establish a structure capable of securing stable net income attributable to owners of the parent, and it continues to implement measures to eliminate or improve this situation.」
While maintaining its judgment that no material uncertainty was recognized, the Group continued to explain that challenges remained in its financial base and stable profit-generation structure. - FY2017-Q2MitigatedAnnual report
「The Group recorded net income attributable to owners of the parent for the previous consolidated fiscal year and quarterly net income attributable to owners of the parent for the first six months of the current consolidated fiscal year. It is becoming capable of securing stable net income attributable to owners of the parent, and measures to improve its financial position are steadily progressing. The Group therefore judged that no material uncertainty related to the going-concern assumption was recognized. However, challenges remain before the Group can stabilize its financial base and establish a structure capable of securing stable net income attributable to owners of the parent, and it continues to implement measures to eliminate or improve this situation.」
While the Group's judgment changed to one that no material uncertainty related to the going-concern assumption was recognized, it stated that challenges remained in its financial base and stable profit-generation structure. - FY2017-Q1MaterialisedAnnual report
「The Group cannot yet be said to have a sufficient structure for securing stable net income attributable to owners of the parent, and circumstances that could raise significant doubt about the going-concern assumption still exist.」
Although the Group is generating profits, it reported the insufficient structure for securing stable profits as a going-concern risk. At the same time, it judged that no material uncertainty was recognized as a result of its response measures.