COVID-19-Related Going Concern and Liquidity Risks
First written in FY2020. 5 of 9 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥7,424 million, while cash and cash equivalents stood at ¥15,268 million.」
In response to the liquidity risk recognized during the pandemic, the company has reduced interest-bearing debt while maintaining its cash balance. - FY2025MitigatedAnnual report
「At the end of the fiscal year, interest-bearing debt, including borrowings and lease liabilities, stood at ¥7,815 million, while cash and cash equivalents stood at ¥13,389 million.」
In response to the going concern and liquidity risks recognized during the pandemic, the company recorded a profit for the period, reduced interest-bearing debt and secured cash. - FY2022MitigatedAnnual report
「Based on these circumstances, the company has determined that no events or circumstances that could raise significant doubt about the going concern assumption exist at present.」
Based on financing through stock acquisition rights, partial early repayment of external borrowings and the securing of sufficient operating funds, the company stated that it had determined that no significant doubt regarding the going concern assumption existed at present. - FY2022-Q3RestatedAnnual report
「However, the Group has continued to borrow funds since the previous consolidated fiscal year and has also decided to and carried out financing through stock acquisition rights, thereby securing funds for the foreseeable future, so there are no material concerns regarding liquidity. Accordingly, it has determined that no material uncertainty exists regarding the going concern assumption.」
The company has secured funds for the foreseeable future through ongoing borrowings and financing through stock acquisition rights, and has reconfirmed its determination that there are no material liquidity concerns. - FY2022-Q2MitigatedAnnual report
「However, the Group has continued to borrow funds since the previous consolidated fiscal year and has also decided to and carried out financing through stock acquisition rights, thereby securing funds for the foreseeable future, so there are no material concerns regarding liquidity. Accordingly, it has determined that no material uncertainty exists regarding the going concern assumption.」
The company carried out financing through stock acquisition rights in addition to ongoing borrowings and stated that it had secured funds for the foreseeable future and had no material liquidity concerns. - FY2022-Q1MitigatedAnnual report
「However, the Group borrowed funds in the previous consolidated fiscal year and also completed refinancing procedures in April and May 2021, thereby securing funds for the foreseeable future, so there are no material concerns regarding liquidity. Accordingly, it has determined that no material uncertainty exists regarding the going concern assumption.」
The company stated that it had secured funds for the foreseeable future through refinancing procedures in April and May 2021 and had no material liquidity concerns. - FY2021-Q3RestatedAnnual report
「However, the company obtained new loans between the end of April 2020 and 20 May 2020 and has secured funds for the foreseeable future, so there are no material concerns regarding liquidity. Accordingly, it has determined that no material uncertainty exists regarding the going concern assumption.」
While describing the possibility of losses resulting from the impact of infection, the company reconfirmed its determination that it had secured funds for the foreseeable future through existing borrowings and that there were no material liquidity concerns or material uncertainties regarding the going concern assumption. - FY2021-Q2RestatedAnnual report
「However, the company obtained new loans between the end of April 2020 and 20 May 2020 and has secured funds for the foreseeable future, so there are no material concerns regarding liquidity. Accordingly, it has determined that no material uncertainty exists regarding the going concern assumption.」
While noting significant doubt regarding the going concern assumption, the company reconfirmed its determination that funds had been secured for the foreseeable future through borrowings from the end of April to 20 May 2020 and that there were no material liquidity concerns or material uncertainties. - FY2020First statedAnnual report
「As a result of this impact, there is a possibility that revenue will decline significantly in the next fiscal year and that a material operating loss, ordinary loss and net loss for the period, as well as negative operating cash flow, will be recorded. Accordingly, events or circumstances that could raise significant doubt about the going concern assumption exist at present. However, in addition to the cash and deposits held at the end of the current fiscal year, the company obtained new loans between the end of April 2020 and 20 May 2020 and has secured funds for the foreseeable future, so there are no material concerns regarding liquidity.」
While recognizing events that raised significant doubt about the going concern assumption due to the spread of infection, the company stated that it had secured funds for the foreseeable future through its cash balance and new borrowings and had no material liquidity concerns.