Risk of Eliminating Negative Retained Earnings and Tax Loss Carryforwards
First written in FY2017. 13 of 28 entries say "Worsened", first in FY2018. Latest entry: 2026-08-13.
Cyberdyne moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
3 other companies' latest entry also says "Mitigated".
- 2026-08-13MitigatedResults
「利益剰余金 △648 △268」
連結利益剰余金のマイナス残高は2026年3月末の648百万円から2026年6月末の268百万円へ縮小したが、マイナス残高は継続している。 - FY2026Consolidated balance improved; standalone balance remainsAnnual report
「As our Group has focused on promoting research and development activities, substantial R&D expenses have been recognized ahead of time, resulting in negative retained earnings in the Company's non-consolidated financial statements.」
While consolidated retained earnings decreased from a negative ¥801 million in the previous year to a negative ¥648 million, carried-forward retained earnings in the non-consolidated financial statements stood at a negative ¥4,304 million, and the issue of eliminating the negative balance remains. - FY2025-H1WorsenedAnnual report
「Retained earnings - 95 - 400」
The negative retained earnings balance increased from ¥95 million at the end of March 2024 to ¥400 million at the end of September 2024, indicating a deterioration in the situation regarding elimination of the retained earnings deficit. - FY2024WorsenedAnnual report
「Retained earnings 1,381 -95」
Consolidated retained earnings moved from a positive ¥1,381 million at the end of March of the previous year to a negative ¥95 million at the end of March 2024. The situation regarding an early return to profitability and elimination of the retained earnings deficit is deteriorating. - FY2024-Q3Positive retained earnings decreased furtherAnnual report
「Retained earnings 1,381 430」
Although retained earnings remained positive, they decreased from ¥1,381 million at the end of March 2023 to ¥430 million at the end of December 2023 due to the recognition of a ¥951 million quarterly loss attributable to owners of the parent, among other factors. - FY2024-Q2Positive retained earnings decreasedAnnual report
「Retained earnings 1,381 779」
Although retained earnings remained positive, they decreased from ¥1,381 million at the end of March 2023 to ¥779 million at the end of September 2023 due to the recognition of a quarterly loss attributable to owners of the parent, among other factors. - FY2024-Q1MitigatedAnnual report
「Retained earnings 1,381 1,712」
Retained earnings increased from ¥1,381 million at the end of March 2023 to ¥1,712 million at the end of June 2023, remaining positive. The previous risk of a negative retained earnings deficit remaining unresolved continues to decrease. - FY2023-Q2MitigatedAnnual report
「Retained earnings 1,679 1,947」
Retained earnings remained positive and increased from ¥1,679 million at the end of the previous consolidated fiscal year to ¥1,947 million. The risk of a negative retained earnings deficit remaining unresolved continues to decrease. - FY2023-Q1MitigatedAnnual report
「Retained earnings 1,685 1,929」
Retained earnings increased from ¥1,685 million at the end of March 2022 to ¥1,929 million, remaining positive. The risk of eliminating the negative balance resulting from front-loaded R&D investment has decreased further. - FY2022-Q3Positive retained earnings decreasedAnnual report
「Retained earnings 2,177 1,591」
Although retained earnings remained positive, they decreased from ¥2,177 million at the end of the previous fiscal year to ¥1,591 million due to the recognition of a quarterly loss attributable to owners of the parent. - FY2022-Q2Positive retained earnings decreasedAnnual report
「Retained earnings 2,177 1,750」
Although retained earnings remained positive, they decreased from ¥2,177 million at the end of the previous consolidated fiscal year to ¥1,750 million due to the recognition of a ¥427 million quarterly loss attributable to owners of the parent. - FY2022-Q1MitigatedAnnual report
「Retained earnings 2,177 1,901」
Retained earnings decreased from ¥2,177 million at the end of the previous fiscal year to ¥1,901 million, but had moved out of the previous negative balance, reducing the risk of a negative retained earnings deficit remaining unresolved. - FY2021-Q3WorsenedAnnual report
「Retained earnings -8,124 -8,038」
Although the negative retained earnings balance decreased from the end of the previous consolidated fiscal year, it increased from ¥7,952 million in the previous quarter to ¥8,038 million. The deficit remains. - FY2021-Q2MitigatedAnnual report
「Retained earnings -8,124 -7,952」
The negative retained earnings balance decreased from ¥8,124 million at the end of the previous consolidated fiscal year to ¥7,952 million. However, the deficit remains. - FY2021-Q1WorsenedAnnual report
「Retained earnings -8,124 -8,248」
The negative retained earnings balance increased from ¥8,124 million at the end of the previous consolidated fiscal year to ¥8,248 million, indicating a deterioration in the situation regarding an early return to profitability and elimination of the retained earnings deficit. - FY2020WorsenedAnnual report
「Retained earnings -8,124」
The negative retained earnings balance increased from ¥7,972 million at the end of the previous fiscal year to ¥8,124 million, indicating a deterioration in the situation regarding an early return to profitability and elimination of the retained earnings deficit. - FY2020-Q3MitigatedAnnual report
「Retained earnings -7,972 -7,986」
The negative retained earnings balance decreased by ¥98 million from ¥8,084 million at the end of the previous quarter to ¥7,986 million. However, compared with the ¥7,972 million negative balance at the end of the previous consolidated fiscal year, the deficit remains. - FY2020-Q2WorsenedAnnual report
「Retained earnings (7,972) (8,084)」
The negative retained earnings balance increased from ¥7,972 million at the end of the previous consolidated fiscal year to ¥8,084 million, indicating a deterioration in the situation regarding an early return to profitability and elimination of the retained earnings deficit. - FY2020-Q1MitigatedAnnual report
「Retained earnings (7,972) (7,817)」
The negative retained earnings balance decreased from ¥7,972 million at the end of the previous consolidated fiscal year to ¥7,817 million. The deficit itself remains. - FY2019WorsenedAnnual report
「Retained earnings (7,476) (7,972)」
The negative retained earnings balance increased from ¥7,476 million at the end of the previous consolidated fiscal year to ¥7,972 million, worsening the position regarding early profitability and elimination of the retained earnings deficit. - FY2019-Q3WorsenedAnnual report
「Retained earnings (7,476) (7,549)」
The negative retained earnings balance increased from ¥7,476 million at the end of the previous consolidated fiscal year to ¥7,549 million, indicating a deterioration in the position regarding early profitability and elimination of the retained earnings deficit. - FY2019-Q2WorsenedAnnual report
「Retained earnings (7,476) (7,712)」
The negative retained earnings balance increased from ¥7,476 million at the end of March 2018 to ¥7,712 million at the end of September 2018, worsening the risk of failing to eliminate the retained earnings deficit resulting from front-loaded research and development spending. - FY2019-Q1WorsenedAnnual report
「Retained earnings (7,476) (7,671)」
The negative retained earnings balance increased from ¥7,476 million at the end of the previous consolidated fiscal year to ¥7,671 million, indicating a deterioration in the existing risk related to achieving early profitability and eliminating the retained earnings deficit. - FY2018WorsenedAnnual report
「As the Group has focused on research and development activities to date, substantial research and development expenses have been recognized ahead of revenue, resulting in negative retained earnings. The Group aims to achieve profitability at an early stage and subsequently establish a strong financial base through the stable generation of profits. However, if the Group's business does not progress as planned, it may be unable to eliminate its negative retained earnings as planned, which could affect its business, financial position, and operating results.」
Negative retained earnings resulting from front-loaded research and development spending continued, reaching a deficit of ¥7,476 million under IFRS. The company continues to disclose the risk of failing to achieve early profitability and establish a strong financial base. - FY2017First statedAnnual report
「As the Group has focused on research and development activities to date, substantial research and development expenses have been recognized ahead of revenue, resulting in negative retained earnings. The Group aims to achieve profitability at an early stage and subsequently establish a strong financial base through the stable generation of profits. However, if the Group's business does not progress as planned, it may be unable to eliminate its negative retained earnings as planned, which could affect its business, financial position, and operating results.」
The company has separately disclosed the risk that its negative retained earnings and tax loss carryforwards, resulting from front-loaded research and development spending, may prevent it from achieving early profitability and establishing a strong financial base.