Events or circumstances that raise substantial doubt about the going-concern assumption
LAPINE CO.,LTD. and its consolidated subsidiary, ラピーヌ夢ファーム株式会社
Wholesale business, retail business and welfare business (hydroponic and soil-based cultivation of leafy vegetables)
Significant concerns regarding cash flow have arisen due to the continuation of operating losses since the 71st fiscal year (fiscal year ended February 2019) and the decline in cash and deposits.
Operating loss of ¥66 million, ordinary loss of ¥64 million and quarterly net income attributable to owners of the parent of ¥14 million. A gain on the sale of investment securities of ¥80 million was recorded.
Cumulative consolidated first-quarter period of the fiscal year ending February 2027 (from 1 March 2026 to 31 May 2026)
There is no change from the earnings forecast announced on 20 April 2026.
In the wholesale and retail businesses, the group will proceed with the introduction of new products, acquisition of new customers, reduction of inventory risk, and reductions in manufacturing costs and fixed expenses. ラピーヌ夢ファーム株式会社 will work to improve productivity in hydroponic and soil-based cultivation and advance education and training. To secure funds, the group will continue negotiating with financial institutions over the repayment schedule for loan principal and seek to raise funds promptly through the sale of owned assets and other measures.
| Item | Details |
|---|---|
| Event name | Events or circumstances that raise substantial doubt about the going-concern assumption |
| Date of occurrence | 31 May 2026 (existing as of the end of the first quarter of the consolidated accounting period) |
| Subject Entity | LAPINE CO.,LTD. and its consolidated subsidiary, ラピーヌ夢ファーム株式会社 |
| Target Locations / Products | Wholesale business, retail business and welfare business (hydroponic and soil-based cultivation of leafy vegetables) |
| Cause | Significant concerns regarding cash flow have arisen due to the continuation of operating losses since the 71st fiscal year (fiscal year ended February 2019) and the decline in cash and deposits. |
| Amount of Impact on Business Performance | Operating loss of ¥66 million, ordinary loss of ¥64 million and quarterly net income attributable to owners of the parent of ¥14 million. A gain on the sale of investment securities of ¥80 million was recorded. |
| Accounting period in which recognized | Cumulative consolidated first-quarter period of the fiscal year ending February 2027 (from 1 March 2026 to 31 May 2026) |
| Impact on Earnings Forecast | There is no change from the earnings forecast announced on 20 April 2026. |
| Outlook | In the wholesale and retail businesses, the group will proceed with the introduction of new products, acquisition of new customers, reduction of inventory risk, and reductions in manufacturing costs and fixed expenses. ラピーヌ夢ファーム株式会社 will work to improve productivity in hydroponic and soil-based cultivation and advance education and training. To secure funds, the group will continue negotiating with financial institutions over the repayment schedule for loan principal and seek to raise funds promptly through the sale of owned assets and other measures. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Operating losses have continued since the 71st fiscal year (fiscal year ended February 2019), and significant concerns regarding cash flow have arisen as cash and deposits stood at ¥312 million at the end of the first quarter.