Material event related to the going concern assumption due to 5 consecutive periods of operating losses
First written in FY2023. 4 of 8 entries say "Mitigated", first in FY2024-Q3. Latest entry: 2026-11-09.
The whole theme swung hardest in 2025: 28 of 54 companies on the "Worse" side.
28 other companies' latest entry also says "Mitigated".
- FY2026MaterialisedAnnual report
「In connection with recording an impairment loss on property, plant and equipment related to consolidated subsidiary EN Board Co., Ltd., the company breached financial covenants stipulated in loan agreements and other contracts with certain financial institutions.」
The material event that had been resolved once in the previous fiscal year was described again as a material event or other circumstance related to the going concern assumption, against the backdrop of EN Board's impairment loss and breach of financial covenants. - FY2025DroppedAnnual reportThe annual securities report for the current fiscal year contains no reference to the substantial doubt about the going concern assumption attributed to 5 consecutive periods of operating losses that had been included through the previous fiscal year. The company recorded an operating loss of ¥293 million for the current fiscal year.
- FY2024MitigatedAnnual report
「To resolve this situation, the Group implemented the basic policy described in section 1, Management Policy, Business Environment and Issues to Be Addressed, item (4), Management Plans, Management Strategies and Business and Financial Issues to Be Addressed as a Priority, while undertaking company-wide efforts to improve productivity and reduce expenses and revising sales prices to appropriate levels. As a result, it recorded operating profit of ¥368 million for the fiscal year and determined that the events or circumstances raising substantial doubt about the going concern assumption had been resolved.」
Regarding the material event arising from 5 consecutive periods of operating losses, the company determined that the events or circumstances raising substantial doubt had been resolved by recording operating profit of ¥368 million and implementing its basic policy, productivity improvements, expense reductions and price revisions. - FY2024-Q3MitigatedAnnual report
「Accordingly, as set out in the basic policy described in section 1, Management Policy, Business Environment and Issues to Be Addressed, item (4), Management Plans, Management Strategies and Business and Financial Issues to Be Addressed as a Priority, in the previous fiscal year's annual securities report, the Group has worked to improve the profitability of the housing materials business, strengthen EN Board Co., Ltd.'s production structure in the wood-based panel business and expand sales. As a result, it recorded operating profit for the nine months ended the third quarter. In addition, because it has entered into syndicated loan agreements and other arrangements to strengthen its financial base, the Group determined that, as of the end of the third quarter, no events or circumstances existed that raised substantial doubt about the going concern assumption.」
Regarding the material event arising from 5 consecutive periods of operating losses through the previous fiscal year, the company determined that, by improving the profitability of the housing materials business, strengthening EN Board's production structure and expanding sales, and entering into syndicated loan agreements and other arrangements, no events or circumstances raising substantial doubt existed at the end of the quarter. Operating profit was ¥463 million. - FY2024-Q2RestatedAnnual report
「The Group continues to recognize the existence of events or circumstances that raise substantial doubt about the going concern assumption, as it recorded operating losses for 5 consecutive periods in the previous fiscal year and an operating loss of ¥129 million for the six months ended the second quarter. 」
The company continues to recognize circumstances that raise substantial doubt about the going concern assumption due to 5 consecutive periods of operating losses. At the same time, it determined that no material uncertainty exists as a result of implementing its basic policy and entering into syndicated loan agreements and other arrangements. - FY2023MaterialisedAnnual report
「The Group recognizes that events or circumstances exist that raise substantial doubt about the going concern assumption, as it has recorded operating losses for 5 consecutive periods.」
Against the backdrop of 5 consecutive periods of operating losses, the company identified for the first time the existence of events or circumstances that raise substantial doubt about the going concern assumption. At the same time, it cited implementation of its basic policy and strengthening of its financial base through syndicated loan agreements and other measures, and determined that no material uncertainty exists regarding the going concern assumption.