Material uncertainty regarding going concern due to continued operating losses
First written in FY2016. 21 of 38 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2020: 30 of 73 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedResults
「(Notes on Going Concern) There are no applicable matters.」
There were no applicable matters under notes on going concern, and operating and ordinary profit both exceeded the previous year's level. - FY2026MitigatedAnnual report
「As a result, revenue for the consolidated fiscal year was ¥29,380 million, up 28.3% year on year, operating income was ¥1,722 million, up 138.3%, and ordinary income was ¥1,591 million, up 144.7%.」
Revenue, operating income and ordinary income significantly exceeded the previous fiscal year, expanding operating profitability. Profitability-related concerns regarding the going-concern assumption have eased further. - FY2026-H1MitigatedAnnual report
「Revenue for the six-month consolidated accounting period was ¥12,546 million, up 12.2% year on year, operating income was ¥449 million, up 32.2%, and ordinary income was ¥385 million, up 24.0%.」
Revenue, operating income and ordinary income exceeded the same period of the previous year, and operating profitability continued. Profitability-related concerns regarding the going-concern assumption have eased further. - FY2025Revenue growth and profit declineAnnual report
「Revenue was ¥22,891 million, up 4.9% year on year, operating income was ¥723 million, down 29.3%, and ordinary income was ¥650 million, down 34.8%.」
Revenue increased 4.9% year on year and operating profitability was maintained, while operating income declined 29.3% and ordinary income declined 34.8%. - FY2025-H1Operating profitability continues, but profit declines year on yearAnnual report
「Revenue for the six-month consolidated accounting period was ¥11,177 million, up 6.0% year on year, operating income was ¥339 million, down 20.8%, and ordinary income was ¥310 million, down 27.2%.」
Operating and ordinary income remained positive, but operating income declined 20.8% and ordinary income declined 27.2% year on year. No recurrence of material events raising substantial doubt about the going-concern assumption is mentioned. - FY2024-Q3AdvancedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥16,407 million, up 24.0% year on year, operating income was ¥768 million, up 158.0%, and ordinary income was ¥749 million, up 163.1%, securing substantial positive results.」
Revenue increased 24.0% year on year, operating income increased 158.0%, and ordinary income increased 163.1%, indicating further progress in profitability improvement in the nine months ended the third quarter. Net income attributable to owners of the parent was ¥393 million even after advisory fees for shareholder relations and other expenses were recorded. - FY2024-Q2MitigatedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥10,540 million, up 23.5% year on year, operating income was ¥429 million, up 243.6%, and ordinary income was ¥427 million, up 224.9%.」
Revenue, operating income and ordinary income increased from the same period of the previous year, further easing profitability-related concerns regarding the going-concern assumption. - FY2024-Q1AdvancedAnnual report
「Operating income was ¥120 million, compared with ¥5 million in the same period of the previous year, and ordinary income was ¥123 million, up 368.1% year on year.」
Operating income increased from ¥5 million in the same period of the previous year to ¥120 million, while ordinary income also reached ¥123 million. Profitability-related concerns regarding the going-concern assumption have eased further. - FY2023MitigatedAnnual report
「Operating income was ¥547 million, up 89.9% year on year, and ordinary income was ¥537 million, up 112.5%, securing positive results that exceeded expectations.」
Operating and ordinary income significantly exceeded the previous fiscal year, further easing profitability-related concerns regarding the going-concern assumption. However, net income remained limited to ¥60.77 million due to advisory fees and other expenses. - FY2023-Q3MitigatedAnnual report
「Operating income was ¥297 million, up 39.1% year on year, and ordinary income was ¥285 million, up 50.4%, securing positive results, although」
Operating and ordinary income remained positive and exceeded the same period of the previous year, easing profitability-related concerns regarding the going-concern assumption. However, a quarterly net loss attributable to owners of the parent remained due to advisory fees and other expenses. - FY2023-Q2MitigatedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥8,533 million, up 2.2% year on year, operating income was ¥124 million, up 10.4%, and ordinary income was ¥131 million, up 37.7%, securing positive results, although」
Both operating income and ordinary income remained positive and exceeded the same period of the previous year, easing profitability-related concerns regarding the going-concern assumption. However, a quarterly net loss remained due to advisory fees and other expenses. - FY2023-Q1MitigatedAnnual report
「As a result, revenue for the three months ended the first quarter was ¥4,057 million, up 7.1% year on year, operating income was ¥5 million, compared with an operating loss of ¥23 million in the same period of the previous year, and ordinary income was ¥26 million, compared with an ordinary loss of ¥26 million, securing positive results, although」
Operating results turned from a loss of ¥23 million in the same period of the previous year to income of ¥5 million, while ordinary results also turned from a loss of ¥26 million to income of ¥26 million. Profitability-related concerns regarding the going-concern assumption eased, but a quarterly net loss remained due to extraordinary losses. - FY2022MitigatedAnnual report
「Operating income was ¥288 million, compared with ¥0 million in the previous fiscal year, and ordinary income was ¥253 million, compared with an ordinary loss of ¥42 million in the previous fiscal year.」
Operating income improved from ¥0 million in the previous fiscal year to ¥288 million, while ordinary results also improved from a loss of ¥42 million to income of ¥253 million. Profitability-related concerns regarding the going-concern assumption have eased further. - FY2022-Q3MitigatedAnnual report
「Operating income was ¥214 million, compared with an operating loss of ¥82 million in the same period of the previous year, and ordinary income was ¥189 million, compared with an ordinary loss of ¥115 million.」
Operating results turned from an operating loss of ¥82 million and an ordinary loss of ¥115 million in the same period of the previous year to operating income of ¥214 million and ordinary income of ¥189 million. Profitability-related concerns regarding the going-concern assumption eased further. - FY2022-Q2MitigatedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥8,347 million, compared with ¥6,931 million in the same period of the previous year, operating income was ¥113 million, compared with an operating loss of ¥318 million, ordinary income was ¥95 million, compared with an ordinary loss of ¥341 million, and net income attributable to owners of the parent was ¥2 million, compared with a net loss attributable to owners of the parent of ¥467 million.」
Operating results turned from an operating loss of ¥318 million in the same period of the previous year to operating income of ¥113 million, while ordinary income (loss) also turned from a loss to income. Profitability-related concerns regarding the going-concern assumption eased from the previous quarter, but quarterly net income remained limited to ¥2.57 million. - FY2022-Q1MitigatedAnnual report
「Operating loss was ¥23 million, compared with an operating loss of ¥346 million in the same period of the previous year, and ordinary loss was ¥26 million, compared with an ordinary loss of ¥347 million.」
The operating loss narrowed from ¥346 million in the same period of the previous year to ¥23 million, while the ordinary loss narrowed from ¥347 million to ¥26 million. However, operating and ordinary losses were still recorded. - FY2021MitigatedAnnual report
「Operating income was ¥0 million, down 99.2% year on year, and ordinary loss was ¥42 million, compared with ordinary income of ¥55 million in the previous fiscal year.」
Operating results were effectively zero in monetary terms, an improvement from the operating loss through the previous quarter. However, an ordinary loss and a net loss attributable to owners of the parent were recorded. - FY2021-Q3Operating loss continues, but the deficit narrowsAnnual report
「Operating loss was ¥82 million, compared with operating income of ¥219 million in the same period of the previous year, and ordinary loss was ¥115 million, compared with ordinary income of ¥193 million.」
Operating and ordinary losses continued in the nine months ended the third quarter. However, the operating loss narrowed from ¥318 million in the six months ended the second quarter to ¥82 million. - FY2021-Q2WorsenedAnnual report
「As a result, revenue for the six months ended the second quarter was ¥6,931 million, down 37.8% year on year, operating loss was ¥318 million, compared with operating income of ¥261 million in the same period of the previous year, and ordinary loss was ¥341 million, compared with ordinary income of ¥242 million.」
Operating results turned from operating income of ¥261 million in the same period of the previous year to an operating loss of ¥318 million, while ordinary income (loss) also turned from income to a loss. Operating and ordinary losses continued, following the first quarter. - FY2021-Q1Sharp increase in quarterly operating lossAnnual report
「Revenue was ¥2,515 million, down 49.3% year on year, and the operating loss was ¥346 million, compared with an operating loss of ¥27 million in the same period of the previous year.」
In the first quarter, the operating loss increased sharply from ¥27 million in the same period of the previous year to ¥346 million. However, this report does not mention any recurrence of material events raising substantial doubt about the going-concern assumption. - FY2020-Q3MitigatedAnnual report
「As a result, revenue for the nine months ended the third quarter was ¥16,279 million, up 5.3% year on year, operating income was ¥219 million, up 323.9%, and ordinary income was ¥193 million, up 317.8%.」
For the nine months ended the third quarter, operating income and ordinary income significantly exceeded the same period of the previous year, with operating income increasing from ¥51 million to ¥219 million. Profitability continues to improve, with no material events raising substantial doubt about the going-concern assumption. - FY2020-Q2MitigatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥11,139 million, up 12.1% year on year; operating profit was ¥261 million, compared with an operating loss of ¥48 million in the previous corresponding period; and ordinary profit was ¥242 million, compared with an ordinary loss of ¥48 million.」
Operating results turned from an operating loss of ¥48 million in the same period of the previous year to operating income of ¥261 million, while ordinary income (loss) also turned from a loss to income. - FY2020-Q1Continued narrowing of quarterly operating lossesAnnual report
「Operating loss of ¥27 million, compared with an operating loss of ¥49 million in the previous corresponding period; ordinary loss of ¥30 million, compared with an ordinary loss of ¥48 million in the previous corresponding period」
The operating loss narrowed from ¥49 million in the previous corresponding period to ¥27 million, and the ordinary loss also narrowed from ¥48 million to ¥30 million. However, the current cumulative first quarter continued to record an operating loss and an ordinary loss. - FY2019RestatedAnnual report
「(6) Material Events There are no applicable matters.」
The Company continues to state that there are no material events relating to the going concern assumption. Consolidated operating profit was ¥78 million, while net loss attributable to owners of the parent was ¥133 million. - FY2019-Q3MitigatedAnnual report
「Operating profit was ¥51 million, up 189.9%, and ordinary profit was ¥46 million, compared with an ordinary loss of ¥18 million in the previous corresponding period.」
Operating profit increased from ¥17 million in the previous corresponding period to ¥51 million, and ordinary profit also turned from a loss of ¥18 million in the previous corresponding period to profit of ¥46 million. Net loss attributable to owners of the parent was ¥16 million. - FY2019-Q2Continued and narrowing quarterly operating lossesAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥9,940 million, down 4.7% year on year; operating loss was ¥48 million, compared with an operating loss of ¥136 million in the previous corresponding period; ordinary loss was ¥48 million, compared with an ordinary loss of ¥160 million; and net loss attributable to owners of the parent was ¥80 million, compared with a net loss attributable to owners of the parent of ¥45 million.」
Although the operating loss continued, it narrowed from ¥136 million in the previous corresponding period to ¥48 million. The Company states that there were no newly arising risks regarding its business and other risks. - FY2018AchievedAnnual report
「(6) Material Events There are no applicable matters.」
Regarding the material events relating to the going concern assumption described through the previous fiscal year, the risk section for the current period states that there are no applicable matters. - FY2018-Q3MitigatedAnnual report
「As a result, net sales for the cumulative third quarter of the current consolidated fiscal year were ¥16,346 million, down 0.6% year on year; operating profit was ¥17 million, down 67.9%; and ordinary loss was ¥18 million, compared with ordinary profit of ¥26 million in the previous corresponding period.」
Although it declined substantially year on year, the cumulative third quarter period secured operating profit of ¥17 million, turning from an operating loss to operating profit. - FY2018-Q2RestatedAnnual report
「As a result, net sales for the cumulative second quarter of the current consolidated fiscal year were ¥10,432 million, up 1.0% year on year; operating loss was ¥136 million, compared with an operating loss of ¥117 million in the previous corresponding period; and ordinary loss was ¥160 million, compared with an ordinary loss of ¥132 million in the previous corresponding period.」
Although net sales increased year on year, the cumulative second quarter period recorded an operating loss of ¥136 million and an ordinary loss of ¥160 million. The Company states that this was a challenging result because it was unable to cover the decline in performance in the first quarter. - FY2018-Q1Quarterly operating loss recordedAnnual report
「However, the business environment remains challenging. In the cumulative first quarter of the current consolidated fiscal year, net sales were ¥4,889 million, down 2.2% year on year, and the operating loss was ¥149 million, compared with an operating loss of ¥155 million in the previous corresponding period.」
The cumulative first quarter recorded an operating loss of ¥149 million. However, the Company states that there were no new risks in its business and other risks and does not describe any material events relating to the going concern assumption. - FY2017AchievedAnnual report
「Although the Company had recorded operating losses in consecutive periods through the previous fiscal year, it secured operating profit of ¥145 million in the current consolidated fiscal year. Accordingly, material events and other matters that raised material doubt about the going concern assumption have been resolved.」
After 2 consecutive periods of operating losses, the Company recorded operating profit of ¥145 million in the current period and itself states that the material events and other matters have been resolved. - FY2017-Q3RestatedAnnual report
「The Group recorded operating losses for 2 consecutive fiscal years in prior periods, and material events and other matters exist that raise material doubt about the going concern assumption. However, it has determined that no material uncertainty exists regarding the going concern assumption by implementing the measures described below to resolve and improve these events or conditions.」
The Company continues to describe material events relating to the going concern assumption and to determine that no material uncertainty exists as a result of the measures. The cumulative third quarter period recorded operating profit of ¥55 million, but the description of the material events remains. - FY2017-Q2RestatedAnnual report
「The Group recorded operating losses for 2 consecutive fiscal years in prior periods, and material events exist that raise material doubt about the going concern assumption. However, it has determined that no material uncertainty exists regarding the going concern assumption by implementing the measures described below to resolve and improve these events or conditions.」
Although the Group also recorded an operating loss for the cumulative second quarter period, it continues to determine that no material uncertainty exists regarding the going concern assumption as a result of implementing the measures. - FY2017-Q1MitigatedAnnual report
「The Group recorded operating losses for 2 consecutive fiscal years in prior periods, and events exist that raise material doubt about the going concern assumption. However, it has determined that no material uncertainty exists regarding the resolution of this doubt.」
Although the operating loss increased from the previous corresponding period, the Company indicated that it determined that no material uncertainty exists regarding the resolution of doubt about the going concern assumption. - FY2016First statedAnnual report
「The Company recorded an operating loss of ¥33 million in the previous consolidated fiscal year and an operating loss of ¥72 million in the current consolidated fiscal year, and events or conditions exist that raise material doubt about the assumption that it will continue its business activities in the future.」
The Company recognized material doubt after recording operating losses for 2 consecutive periods, and describes a medium-term management plan, focused investment in the wholesale business for department stores, structural reform of the directly operated retail business, and transformation of the health industry business as measures.