Conditions Raising Significant Doubt About the Going-Concern Assumption
First written in FY2021-Q3. 5 of 11 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「For the current fiscal year, consolidated results were net sales of ¥4,886 million, down 3.6% year on year, ordinary income of ¥146 million, down 8.5%, and net income attributable to owners of the parent of ¥214 million, compared with a net loss attributable to owners of the parent of ¥87 million in the previous consolidated fiscal year.」
The company moved from a net loss attributable to owners of the parent through the previous fiscal year to net income of ¥214 million for the current fiscal year. As net sales and ordinary income declined, the company does not conclude that the material event has been resolved and describes the change as a shift in profitability. - FY2023-Q3RestatedAnnual report
「Although the group’s efforts to improve its earnings structure led to operating income of ¥225 million and ordinary income of ¥159 million in the previous consolidated fiscal year, it has reported a net loss for three consecutive fiscal years through the previous consolidated fiscal year. Accordingly, management continues to recognize improvement of the earnings structure as a key management issue.」
While operating income and ordinary income were reported, the company has reiterated that improving its earnings structure is a key issue, citing net losses for three consecutive fiscal years through the previous consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「Although the group’s efforts to improve its earnings structure led to operating income of ¥225 million and ordinary income of ¥159 million in the previous consolidated fiscal year, it has reported a net loss for three consecutive fiscal years through the previous consolidated fiscal year. Accordingly, management continues to recognize improvement of the earnings structure as a key management issue.」
While operating income and ordinary income were reported, the company has reiterated that improving its earnings structure is a key issue, against the backdrop of net losses for the past three consecutive fiscal years and breaches of financial covenants. - FY2023-Q1RestatedAnnual report
「Although the group’s efforts to improve its earnings structure led to operating income of ¥225 million and ordinary income of ¥159 million in the previous consolidated fiscal year, it has reported a net loss for three consecutive fiscal years through the previous consolidated fiscal year. Accordingly, management continues to recognize improvement of the earnings structure as a key management issue.」
While operating income and ordinary income were reported, the company has reiterated the material event related to the going-concern assumption and the challenge of improving its earnings structure, citing net losses for the past three consecutive fiscal years. Although the company reported quarterly net income attributable to owners of the parent for the current quarter, the material event itself continues. - FY2022WorsenedAnnual report
「However, because the Company recognized an impairment loss of ¥237 million on goodwill and other assets arising from the conversion of JAPAN 3D DEVICES株式会社 into a subsidiary through the additional acquisition of shares during the current consolidated fiscal year, it recorded a net loss for the third consecutive fiscal year.」
While operating income and ordinary income turned profitable, impairment losses on goodwill and other assets related to JAPAN 3D DEVICES resulted in a net loss for the third consecutive fiscal year, and a material event related to the going-concern assumption continues. - FY2022-Q3RestatedAnnual report
「The Group has recognized ordinary losses for 2 consecutive fiscal years through the previous consolidated fiscal year and recognizes improving its earnings structure as a key management issue. In addition, as of the end of the previous consolidated fiscal year, it breached financial covenants under certain borrowing agreements with its financial institutions.」
The disclosure reiterates 2 consecutive years of ordinary losses and the breach of financial covenants at the end of the previous consolidated fiscal year as material events related to the going-concern assumption. At the same time, it maintains the determination that no material uncertainty exists as a result of the measures taken. - FY2022-Q2RestatedAnnual report
「The Group has recognized ordinary losses for 2 consecutive fiscal years through the previous consolidated fiscal year and recognizes improving its earnings structure as a key management issue. In addition, as of the end of the previous consolidated fiscal year, it breached financial covenants under certain borrowing agreements with its financial institutions.」
The disclosure reiterates 2 consecutive years of ordinary losses and the breach of financial covenants at the end of the previous consolidated fiscal year as material events related to the going-concern assumption. At the same time, it maintains the determination that no material uncertainty exists as a result of the measures taken and the consent of the financial institutions. - FY2022-Q1MaterialisedAnnual report
「The Group has recognized ordinary losses for 2 consecutive fiscal years through the previous consolidated fiscal year and recognizes improving its earnings structure as a key management issue. In addition, as of the end of the previous consolidated fiscal year, it breached financial covenants under certain borrowing agreements with its financial institutions.」
Regarding material events related to the going-concern assumption, the disclosure explicitly identifies 2 consecutive years of ordinary losses and an actual breach of financial covenants. At the same time, it determines that no material uncertainty exists as a result of the measures taken and the consent of the financial institutions. - FY2021-Q3First statedAnnual report
「As a result, during the current consolidated fiscal year, there is a possibility that the Group could breach the financial covenants attached to its syndicated loan agreements with financial institutions, creating circumstances that raise substantial doubt about the going-concern assumption.」
Against a backdrop of sluggish projector demand, a 23.1% decline in revenue and an ordinary loss of ¥423 million, the Company identifies conditions giving rise to significant doubt about the going-concern assumption as a new material event. Following discussions with financial institutions, it has determined that no material uncertainty exists regarding the going-concern assumption.