Going-Concern Risk Due to Operating Losses and Negative Operating Cash Flow
First written in FY2016. 16 of 35 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-11-13.
Avix moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 32 of 77 companies on the "Worse" side.
45 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As a result, for the consolidated fiscal year, financial condition and operating results comprised revenue of ¥5,406.080 million, operating income of ¥228.629 million, ordinary income of ¥226.687 million and net income attributable to owners of the parent of ¥233.189 million.」
The company recorded operating income, ordinary income and net income attributable to owners of the parent for the full fiscal year, while operating cash flow amounted to an inflow of ¥398.295 million. The earnings and funding conditions associated with going-concern risk have eased further from the previous fiscal year. - FY2026-H1MitigatedAnnual report
「As a result, for the six-month consolidated period, revenue was ¥2,307.789 million, up 30.5% year on year; operating income was ¥87.240 million, up 72.8%; ordinary income was ¥80.565 million, up 72.3%; and interim net income attributable to owners of the parent was ¥44.508 million, up 79.0%.」
Revenue and earnings increased year on year, with operating income of ¥87.240 million, ordinary income of ¥80.565 million and interim net income attributable to owners of the parent of ¥44.508 million. The earnings-related condition associated with going-concern risk has eased further from the same period of the previous year. - FY2025-H1MitigatedAnnual report
「As a result, for the six-month consolidated period, revenue was ¥1,768.056 million, up 10.5% year on year; operating income was ¥50.482 million, up 357.8%; ordinary income was ¥46.765 million, up 510.1%; and interim net income attributable to owners of the parent was ¥24.861 million, compared with an interim net loss attributable to owners of the parent of ¥4.679 million in the same period of the previous year.」
Operating income increased from ¥11.027 million in the same period of the previous year to ¥50.482 million, and interim profit attributable to owners of the parent changed from a loss of ¥4.679 million to income of ¥24.861 million. Operating cash flow also amounted to an inflow of ¥363.136 million. - FY2024-Q3MitigatedAnnual report
「As a result, revenue was ¥2,534.653 million, up 35.7% year on year; operating income was ¥11.854 million, compared with an operating loss of ¥127.885 million in the same period of the previous year; ordinary income was ¥8.632 million, compared with an ordinary loss of ¥131.090 million; and the quarterly net loss attributable to owners of the parent was ¥10.776 million, compared with a quarterly net loss attributable to owners of the parent of ¥147.296 million.」
The company changed from an operating loss and ordinary loss in the same period of the previous year to operating income and ordinary income, and the quarterly net loss attributable to owners of the parent narrowed significantly. However, a quarterly net loss attributable to owners of the parent remained. - FY2024-Q2MitigatedAnnual report
「As a result, revenue was ¥1,599.999 million, up 22.3% year on year; operating income was ¥11.027 million, compared with an operating loss of ¥55.480 million in the same period of the previous year; ordinary income was ¥7.665 million, compared with an ordinary loss of ¥57.774 million; and the quarterly net loss attributable to owners of the parent was ¥4.679 million, compared with a quarterly net loss attributable to owners of the parent of ¥73.919 million.」
Revenue increased, operating income and ordinary income returned to the black from losses in the same period of the previous year, and the quarterly net loss attributable to owners of the parent narrowed. Operating cash flow also amounted to an inflow of ¥392.521 million. - FY2024-Q1MitigatedAnnual report
「As a result, revenue was ¥776.508 million, up 80.4% year on year; operating income was ¥5.025 million, compared with an operating loss of ¥70.717 million in the same period of the previous year; ordinary income was ¥2.678 million, compared with an ordinary loss of ¥72.511 million; and the quarterly net loss attributable to owners of the parent was ¥6.555 million, compared with a quarterly net loss attributable to owners of the parent of ¥83.102 million.」
The company swung from an operating loss in the same period of the previous year to operating income of ¥5.025 million, and ordinary income also turned positive, mitigating earnings-related risk. However, a quarterly net loss attributable to owners of the parent remained, and no quarterly cash flow statement was prepared. - FY2023WorsenedAnnual report
「For the consolidated fiscal year, revenue increased to ¥3,325.662 million, an increase of ¥1,528.201 million, or 85.0%, from the same period of the previous year; operating income was ¥15.555 million, compared with an operating loss of ¥56.441 million; ordinary income was ¥10.827 million, compared with an ordinary loss of ¥63.028 million; and the net loss attributable to owners of the parent was ¥7.785 million, compared with a net loss for the year of ¥73.045 million.」
Although operating income and ordinary income returned to the black, a net loss attributable to owners of the parent remained, and operating cash flow changed from an inflow of ¥11.858 million in the previous year to an outflow of ¥513.864 million. Partial improvement in earnings coexisted with deterioration in cash flow. - FY2023-Q3WorsenedAnnual report
「As a result, revenue was ¥1,868.235 million, up 79.6% year on year; the operating loss was ¥127.885 million, compared with an operating loss of ¥42.763 million in the same period of the previous year; the ordinary loss was ¥131.090 million, compared with an ordinary loss of ¥47.596 million; and the quarterly net loss attributable to owners of the parent was ¥147.296 million, compared with a quarterly net loss attributable to owners of the parent of ¥56.460 million.」
Although revenue increased, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year, and earnings-related going-concern risk deteriorated. - FY2023-Q2WorsenedAnnual report
「As a result, revenue was ¥1,307.831 million, up 157.4% year on year; the operating loss was ¥55.480 million, compared with an operating loss of ¥3.672 million in the same period of the previous year; the ordinary loss was ¥57.774 million, compared with an ordinary loss of ¥7.101 million; and the quarterly net loss attributable to owners of the parent was ¥73.919 million, compared with a quarterly net loss attributable to owners of the parent of ¥15.158 million. Cash used was ¥340.936 million, compared with cash provided of ¥163.620 million in the same period of the previous year, mainly due to increases of ¥165.343 million in advances paid and ¥122.396 million in inventories.」
Although revenue increased, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year, and operating cash flow amounted to an outflow of ¥340.936 million. - FY2023-Q1WorsenedAnnual report
「However, large projects tend to be concentrated in the second half of the fiscal year and did not contribute to first-quarter revenue, while the sharp depreciation of the yen drove up procurement costs and pressured profitability, resulting in an operating loss. As a result, revenue was ¥430.377 million, up 19.3% year on year; the operating loss was ¥70.717 million, compared with operating income of ¥37.219 million in the same period of the previous year; the ordinary loss was ¥72.511 million, compared with ordinary income of ¥35.588 million; and the quarterly net loss attributable to owners of the parent was ¥83.102 million, compared with quarterly net income of ¥26.574 million.」
Although revenue increased, the company swung from operating income of ¥37.219 million in the same period of the previous year to an operating loss of ¥70.717 million due to the concentration of large projects in the second half and higher procurement costs, and also recorded an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2022WorsenedAnnual report
「For the consolidated fiscal year, net sales were ¥1,797.460 million, an increase of ¥586.771 million, or 48.5%, from the same period of the previous year; the operating loss was ¥56.441 million, compared with operating income of ¥22.491 million; the ordinary loss was ¥63.028 million, compared with ordinary income of ¥15.718 million; and the net loss attributable to owners of the parent was ¥73.045 million, compared with net income attributable to owners of the parent of ¥15.167 million.」
Although the absorption-type company split increased revenue, the Company recorded an operating loss of ¥56.441 million and a net loss attributable to owners of the parent of ¥73.045 million for the full year, moving from profit in the previous year to loss. - FY2022-Q3WorsenedAnnual report
「As a result, net sales were ¥1,040.182 million, up 59.5% year on year; the operating loss was ¥42.763 million, compared with an operating loss of ¥29.396 million in the same period of the previous year; the ordinary loss was ¥47.596 million, compared with an ordinary loss of ¥33.509 million; and the quarterly net loss attributable to owners of the parent was ¥56.460 million, compared with a quarterly net loss attributable to owners of the parent of ¥32.264 million.」
Although net sales increased, the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year. The Company incurred one-time costs associated with the absorption-type company split, and the full-scale effects of synergies are expected from the next fiscal year onward. - FY2022-Q2MitigatedAnnual report
「As a result, net sales were ¥508.137 million, up 13.5% year on year; the operating loss was ¥3.672 million, compared with an operating loss of ¥6.226 million in the same period of the previous year; the ordinary loss was ¥7.101 million, compared with an ordinary loss of ¥8.227 million; and the quarterly net loss attributable to owners of the parent was ¥15.158 million, compared with a quarterly net loss of ¥7.142 million.」
The operating loss narrowed from ¥6.226 million in the same period of the previous year to ¥3.672 million, and cash flow from operating activities was also an inflow of ¥163.620 million. However, a quarterly net loss attributable to owners of the parent remained. - FY2022-Q1MitigatedAnnual report
「As a result, net sales were ¥360.720 million, up 53.2% year on year; operating income was ¥37.219 million, up 651.9%; ordinary income was ¥35.588 million, up 628.6%; and quarterly net income attributable to owners of the parent was ¥26.574 million, up 375.3%.」
Net sales increased from the same period of the previous year, and operating income, ordinary income and quarterly net income attributable to owners of the parent all increased substantially. The profitability-related position associated with going-concern risk improved further from the first quarter of the previous fiscal year. - FY2021MitigatedAnnual report
「For the consolidated fiscal year, net sales were ¥1,210.689 million, an increase of ¥395.485 million, or 48.5%, from the same period of the previous year; operating income was ¥22.491 million, an increase of ¥144.382 million; ordinary income was ¥15.718 million, an increase of ¥145.786 million; and net income attributable to owners of the parent was ¥15.167 million, an increase of ¥218.066 million.」
The Company moved from an operating loss and net loss in the previous fiscal year to operating income of ¥22.491 million and net income attributable to owners of the parent of ¥15.167 million in the current fiscal year, reducing profitability-related risk. However, cash flow from operating activities was an outflow of ¥47.664 million. - FY2021-Q3MitigatedAnnual report
「As a result, net sales were ¥652.156 million, up 14.5% year on year; the operating loss was ¥29.396 million, compared with an operating loss of ¥84.282 million in the same period of the previous year; the ordinary loss was ¥33.509 million, compared with an ordinary loss of ¥90.216 million; and the quarterly net loss attributable to owners of the parent was ¥32.264 million, compared with a quarterly net loss attributable to owners of the parent of ¥88.540 million.」
Net sales increased 14.5% year on year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed from the same period of the previous year. However, losses remained at each level. - FY2021-Q2MitigatedAnnual report
「As a result, net sales were ¥447.763 million, up 39.3% year on year; the operating loss was ¥6.226 million, compared with an operating loss of ¥73.028 million in the same period of the previous year; the ordinary loss was ¥8.227 million, compared with an ordinary loss of ¥76.703 million; and the quarterly net loss attributable to owners of the parent was ¥7.142 million, compared with a quarterly net loss attributable to owners of the parent of ¥75.562 million.」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all narrowed substantially from the same period of the previous year. However, none of the operating income and other profit measures turned positive. - FY2021-Q1MitigatedAnnual report
「As a result, net sales were ¥235.457 million, up 60.0% year on year; operating income was ¥4.950 million, compared with an operating loss of ¥45.124 million in the same period of the previous year; ordinary income was ¥4.884 million, compared with an ordinary loss of ¥46.269 million; and quarterly net income attributable to owners of the parent was ¥5.591 million, compared with a quarterly net loss attributable to owners of the parent of ¥45.605 million.」
The Company moved from an operating loss in the same period of the previous year to operating income, and ordinary income and quarterly net income attributable to owners of the parent also turned positive. The consolidated first-quarter cash flow statement was not prepared. - FY2020WorsenedAnnual report
「For the consolidated fiscal year, net sales were ¥815.203 million, a decline of ¥189.924 million, or 18.9%, from the same period of the previous year; the operating loss was ¥121.891 million, a decline in income of ¥135.162 million; the ordinary loss was ¥130.067 million, a decline in income of ¥135.324 million; and the net loss attributable to owners of the parent was ¥202.899 million, a decline in income of ¥213.397 million.」
For the full year, net sales declined, and the Company recorded an operating loss of ¥121.891 million and a net loss attributable to owners of the parent of ¥202.899 million, representing a substantial deterioration from the profit recorded in the previous full year. - FY2020-Q3WorsenedAnnual report
「As a result, net sales were ¥569.808 million, down 11.3% year on year; the operating loss was ¥84.282 million, compared with an operating loss of ¥34.293 million in the same period of the previous year; the ordinary loss was ¥90.216 million, compared with an ordinary loss of ¥39.784 million; and the quarterly net loss attributable to owners of the parent was ¥88.540 million, compared with a quarterly net loss attributable to owners of the parent of ¥35.647 million.」
Net sales declined from the same period of the previous year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent widened. - FY2020-Q2WorsenedAnnual report
「As a result, net sales were ¥321.533 million, down 24.7% year on year; the operating loss was ¥73.028 million, compared with an operating loss of ¥22.744 million in the same period of the previous year; the ordinary loss was ¥76.703 million, compared with an ordinary loss of ¥26.246 million; and the quarterly net loss attributable to owners of the parent was ¥75.562 million, compared with a quarterly net loss attributable to owners of the parent of ¥23.570 million.」
Net sales declined from the same period of the previous year, while the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent widened. Cash flow from operating activities was also an outflow of ¥36.217 million. - FY2020-Q1WorsenedAnnual report
「As a result, net sales were ¥147.181 million, down 29.7% year on year; the operating loss was ¥45.124 million, compared with an operating loss of ¥5.667 million in the same period of the previous year; the ordinary loss was ¥46.269 million, compared with an ordinary loss of ¥7.467 million; and the quarterly net loss attributable to owners of the parent was ¥45.605 million, compared with a quarterly net loss attributable to owners of the parent of ¥6.297 million.」
Net sales declined and the operating loss, ordinary loss and quarterly net loss attributable to owners of the parent widened from the same period of the previous year. This filing contains no explicit reference to the going-concern assumption. - FY2019DroppedAnnual report
「For the consolidated fiscal year, net sales were ¥1,005.127 million, an increase of ¥107.179 million, or 11.9%, from the same period of the previous year; operating income was ¥13.270 million, down ¥5.918 million, or 30.8%; ordinary income was ¥5.257 million, down ¥5.448 million, or 50.9%; and net income attributable to owners of the parent was ¥10.498 million, down ¥4.260 million, or 28.9%.」
Although operating losses were recorded in the first through third quarters, the full year ended with operating income of ¥13.270 million and cash flow from operating activities of ¥95.127 million. This annual securities report contains no material doubt about the going-concern assumption. - FY2019-Q3WorsenedAnnual report
「As a result, net sales were ¥642.666 million, down 1.7% year on year; the operating loss was ¥34.293 million, compared with operating income of ¥17.289 million in the same period of the previous year; the ordinary loss was ¥39.784 million, compared with ordinary income of ¥10.787 million; and the quarterly net loss attributable to owners of the parent was ¥35.647 million, compared with quarterly net income attributable to owners of the parent of ¥13.741 million.」
The cumulative third quarter of the consolidated fiscal year moved from operating income in the same period of the previous year to an operating loss, while an ordinary loss and a quarterly net loss attributable to owners of the parent were also recorded. - FY2019-Q2WorsenedAnnual report
「As a result, net sales were ¥427.231 million, up 4.2% year on year; the operating loss was ¥22.744 million, compared with an operating loss of ¥3.872 million in the same period of the previous year; the ordinary loss was ¥26.246 million, compared with an ordinary loss of ¥8.358 million; and the quarterly net loss attributable to owners of the parent was ¥23.570 million, compared with a quarterly net loss attributable to owners of the parent of ¥6.884 million.」
The operating loss, ordinary loss and quarterly net loss attributable to owners of the parent all widened from the same period of the previous year, indicating a deterioration in going-concern risk arising from the losses. - FY2019-Q1MaterialisedAnnual report
「As a result, net sales were ¥209.476 million, down 14.1% year on year; the operating loss was ¥5.667 million, compared with operating income of ¥17.880 million in the same period of the previous year; the ordinary loss was ¥7.467 million, compared with ordinary income of ¥15.723 million; and the quarterly net loss attributable to owners of the parent was ¥6.297 million, compared with quarterly net income attributable to owners of the parent of ¥15.599 million.」
Although the Company recorded operating income for the full previous fiscal year, it posted an operating loss for the cumulative first quarter of the current fiscal year. The report states that there were no material changes to the business and other risks and contains no explicit reference to the going-concern assumption. - FY2017DroppedAnnual report
「As a result, for the fiscal year, net sales were ¥1,032.990 million, up ¥293.832 million from the previous period; operating income was ¥84.469 million, compared with an operating loss of ¥104.496 million in the previous period; ordinary income was ¥64.801 million, compared with an ordinary loss of ¥114.156 million; and net income was ¥25.963 million, compared with a net loss of ¥114.460 million.」
The material doubt about the going-concern assumption stated through the previous quarterly report is not included in the body of this annual securities report. For the full year, the Company recorded operating income of ¥84.469 million and cash flow from operating activities of ¥93.511 million, both of which were positive. - FY2017-Q3RestatedAnnual report
「The Company recorded negative operating cash flow in successive periods through the previous fiscal year and a material operating loss in the previous fiscal year. Although it recorded operating income of ¥58.056 million for the cumulative third quarter, the development of a performance base capable of generating stable operating income remains a work in progress. Accordingly, circumstances exist that raise material doubt about the going-concern assumption.」
Although operating income of ¥58.056 million was recorded, the development of a stable performance base remains a work in progress, and the explanation that material doubt exists about the going-concern assumption has continued. - FY2017-Q2MaterialisedAnnual report
「The Company recorded negative operating cash flow in successive periods through the previous fiscal year and a material operating loss in the previous fiscal year. Although it recorded operating income of ¥23.175 million for the cumulative second quarter, the development of a performance base capable of generating stable operating income remains a work in progress. Accordingly, circumstances exist that raise material doubt about the going-concern assumption.」
Although operating income of ¥23.175 million was recorded, the development of a stable performance base remains a work in progress. The report has returned from the position stated in the previous quarterly report, that no material uncertainty existed, to a statement that material doubt exists about the going-concern assumption. - FY2017-Q1MitigatedAnnual report
「Although we recorded operating income of ¥9.320 million for the cumulative first quarter, the development of a performance base capable of generating stable operating income remains a work in progress.」
Although the Company returned to operating profitability, the development of a stable performance base is still a work in progress. The report further states that, because management improvement measures continue to be implemented, it was determined that no material uncertainty related to the going-concern assumption existed. - FY2016First statedAnnual report
「The Company recorded negative operating cash flow in both the previous and current fiscal years and a material operating loss in the current fiscal year. Accordingly, circumstances exist that raise material doubt about the going-concern assumption.」
Operating cash flow was negative ¥25.477 million and the operating loss was ¥104.496 million, and the report explicitly describes circumstances that raise material doubt about the going-concern assumption.