Material Uncertainty Regarding Going Concern and Securing Liquidity
First written in FY2021-Q1. 6 of 23 entries say "Mitigated", first in FY2025-Q1. Latest entry: 2026-10-13.
Totenko moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 2 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The Company also has sufficient borrowing capacity from financial institutions and believes it can respond promptly to future demand for working capital and capital expenditures.」
The significant doubt regarding the going-concern assumption is not stated in this filing, which explains that working capital and capital expenditure needs can be met through borrowing capacity from financial institutions. - 2026-04-13AchievedEarningsSuggests it is closing out
「(Notes on the going concern assumption) Not applicable.」
The company states that there are no matters applicable to significant doubts regarding the going concern assumption. - FY2025MitigatedAnnual report
「Based on these circumstances, the company believes that the events or conditions raising material doubt about the going concern assumption had been resolved during the fiscal year under review.」
The Company has determined that the significant doubt regarding the going-concern assumption has been resolved, based on the recording of operating profit of ¥490 million and net income of ¥430 million, and the refinancing of the outstanding balance under the overdraft facility as long-term borrowings. - FY2025-H1MitigatedAnnual report
「During the interim accounting period under review, revenue recovered to some extent and operating profit and interim net income or loss returned to profitability, partly because the main banquet business performed well. However, the company had continuously recorded net losses for the period through the previous fiscal year, and uncertainty continues regarding full-year revenue and operating income or loss. In addition, because borrowings of ¥2,952 million recorded in current liabilities at the end of the interim accounting period under review are high compared with cash and cash equivalents of ¥1,322 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Although material doubt about the going concern assumption remains, a return to profitability for operating profit and interim net income or loss, an increase in cash and cash equivalents on hand and a decrease in borrowings are described. The company believes that no material uncertainty regarding the going concern assumption is recognized because funds have been secured through overdraft facilities and other means. - FY2025-Q1MitigatedAnnual report
「During the cumulative first-quarter period under review, revenue recovered to some extent and operating profit and net income for the period returned to profitability, partly because the main banquet business performed well. However, the company had continuously recorded net losses for the period through the previous fiscal year, and uncertainty continues regarding full-year revenue and operating income or loss.」
Although conditions raising material doubt about the going concern assumption still exist, strong performance in the main banquet business, a return to profitability for operating profit and quarterly net income, a decrease in borrowings and an increase in cash and cash equivalents on hand are described. The company believes there is no significant concern regarding liquidity through overdraft facilities and other means. - FY2024Liquidity updateAnnual report
「Because borrowings of ¥2,992 million recorded in current liabilities for the fiscal year under review are high compared with cash and cash equivalents of ¥1,221 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Material doubt about the going concern assumption continues, with borrowings of ¥2.992 billion and cash and cash equivalents of ¥1.221 billion on hand at the end of the fiscal year under review. Meanwhile, it is stated that the company has no significant concern regarding liquidity through overdraft facilities and other means. - FY2024-Q3Liquidity updateAnnual report
「In addition, because borrowings of ¥3,005 million recorded in current liabilities at the end of the third-quarter accounting period under review are high compared with cash and cash equivalents of ¥1,016 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
While material doubt about the going concern assumption continues, borrowings of ¥3.005 billion and cash and cash equivalents of ¥1.016 billion on hand are reported at the end of the third quarter. Meanwhile, it is stated that the company has secured sufficient funds for the foreseeable future through overdraft facilities and other means and has no significant concern regarding liquidity. - FY2024-Q2Liquidity updateAnnual report
「In addition, because borrowings of ¥3,022 million recorded in current liabilities at the end of the second-quarter accounting period under review are high compared with cash and cash equivalents of ¥812 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Material doubt about the going concern assumption continues, with borrowings of ¥3.022 billion and cash and cash equivalents of ¥812 million on hand at the end of the second quarter. - FY2024-Q1Liquidity updateAnnual report
「In addition, because borrowings of ¥3,040 million recorded in current liabilities at the end of the first-quarter accounting period under review are high compared with cash and cash equivalents of ¥784 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Material doubt about the going concern assumption continues, with borrowings of ¥3.040 billion and cash and cash equivalents of ¥784 million on hand at the end of the first quarter. - FY2023Liquidity updateAnnual report
「Because borrowings of ¥2,952 million recorded in current liabilities for the fiscal year under review are high compared with cash and cash equivalents of ¥727 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Material doubt about the going concern assumption continues, with borrowings of ¥2.952 billion and cash and cash equivalents of ¥727 million on hand at the end of the fiscal year under review. - FY2023-Q3WorsenedAnnual report
「In addition, because borrowings of ¥2,974 million recorded in current liabilities at the end of the third-quarter accounting period under review are high compared with cash and cash equivalents of ¥704 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Material doubt about the going concern assumption continues, with borrowings of ¥2.974 billion and cash and cash equivalents of ¥704 million on hand. Borrowings have increased from the end of the previous quarter. - FY2023-Q2WorsenedAnnual report
「In addition, because borrowings of ¥2,681 million recorded in current liabilities at the end of the second-quarter accounting period under review are high compared with cash and cash equivalents of ¥587 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
While material doubt about the going concern assumption continues, borrowings amounted to ¥2.681 billion and cash and cash equivalents on hand to ¥587 million, indicating an increase in borrowings and a decrease in cash on hand from the end of the previous quarter. - FY2023-Q1Liquidity updateAnnual report
「In addition, because borrowings of ¥2,587 million recorded in current liabilities at the end of the first-quarter accounting period under review are high compared with cash and cash equivalents of ¥690 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
While material doubt about the going concern assumption continues, the situation at the end of the first quarter under review is shown as borrowings of ¥2.587 billion and cash and cash equivalents of ¥690 million on hand. Meanwhile, the company believes there is no significant concern regarding liquidity. - FY2022WorsenedAnnual report
「In addition, because borrowings of ¥2,287 million recorded in current liabilities at the end of the fiscal year under review are high compared with cash and cash equivalents of ¥549 million on hand, events or conditions currently exist that raise material doubt about the going concern assumption.」
Regarding material doubt about the going concern assumption, the specific situation is shown in which borrowings of ¥2.287 billion exceed cash and cash equivalents of ¥549 million on hand. - FY2022-Q3RestatedAnnual report
「Due to the impact of the spread of COVID-19, including store closures and reduced operating hours resulting from state of emergency declarations issued by the government and local authorities, revenue may decline significantly during the fiscal year under review, as in the previous fiscal year, and material operating losses, ordinary losses and a net loss for the period, as well as negative operating cash flow, may be recorded. Accordingly, events or conditions currently exist that raise material doubt about the going concern assumption.」
It is stated that events or conditions raising material doubt about the going concern assumption continue to exist due to the possibility of a significant decline in revenue, losses and negative operating cash flow resulting from COVID-19. - FY2022-Q2RestatedAnnual report
「Due to the impact of the spread of COVID-19, including store closures and reduced operating hours resulting from state of emergency declarations issued by the government and local authorities, revenue may decline significantly during the fiscal year under review, as in the previous fiscal year, and material operating losses, ordinary losses and a net loss for the period, as well as negative operating cash flow, may be recorded. Accordingly, events or conditions currently exist that raise material doubt about the going concern assumption.」
It is stated that events or conditions raising material doubt about the going concern assumption continue to exist due to the possibility of a significant decline in revenue, losses and negative operating cash flow resulting from COVID-19. - FY2022-Q1RestatedAnnual report
「Due to the impact of the spread of COVID-19, including store closures and reduced operating hours resulting from state of emergency declarations issued by the government and local authorities, revenue may decline significantly during the fiscal year under review, as in the previous fiscal year, and material operating losses, ordinary losses and a net loss for the period, as well as negative operating cash flow, may be recorded. Accordingly, events or conditions currently exist that raise material doubt about the going concern assumption. However, in addition to cash and deposits at the end of the first-quarter accounting period under review, the establishment of a ¥3.0 billion overdraft facility in June 2020 and subsequent renewals have secured total undrawn overdraft facilities of ¥2.8 billion and sufficient funds for the foreseeable future, so there is no significant concern regarding liquidity.」
Although it is stated that events or conditions raising material doubt about the going concern assumption continue to exist, the explanation that sufficient funds have been secured for the foreseeable future and that there is no significant concern regarding liquidity also continues. - FY2021MaterialisedAnnual report
「Due to the impact of the spread of COVID-19, including store closures and reduced operating hours resulting from state of emergency declarations issued by the government and local authorities, revenue declined significantly during the fiscal year under review, and the company recorded material operating losses, ordinary losses and a net loss for the period, as well as negative operating cash flow. Accordingly, events or conditions currently exist that raise material doubt about the going concern assumption.」
Regarding the events raising material doubt about the going concern assumption, it is explicitly stated that a significant decline in revenue, material losses and negative operating cash flow were actually recorded. - FY2021-Q3RestatedAnnual report
「Because the spread of the infection could cause a significant decline in revenue, material operating losses, ordinary losses and net losses for the period, as well as negative operating cash flow, events or conditions currently exist that raise material doubt about the going concern assumption.」
It is stated that events or conditions raising material doubt about the going concern assumption continue to exist. Meanwhile, the company continues to judge that there is no significant concern regarding liquidity. - FY2021-Q2RestatedAnnual report
「Because the spread of the infection could cause a significant decline in revenue, material operating losses, ordinary losses and net losses for the period, as well as negative operating cash flow, events or conditions currently exist that raise material doubt about the going concern assumption.」
It is stated that events or conditions raising material doubt about the going concern assumption continue to exist. Meanwhile, the explanation that sufficient funds have been secured for the foreseeable future through borrowings and other means, with no significant concern regarding liquidity, also continues. - FY2021-Q1First statedAnnual report
「At present, events or conditions exist that raise material doubt about the going concern assumption. However, there is no significant concern regarding liquidity because operations have resumed with thorough infection-control measures following the lifting of the state of emergency declaration in late May, and, in addition to cash and deposits at the end of the first-quarter accounting period under review, a new ¥3.0 billion overdraft facility was established in June 2020, securing total undrawn overdraft facilities of ¥3.8 billion and sufficient funds for the foreseeable future.」
It is stated that events or conditions raising material doubt about the going concern assumption exist due to the possibility of all stores being closed and substantial losses being recorded. Meanwhile, the company believes it has secured sufficient funds for the foreseeable future through the resumption of operations and overdraft facilities, and has no significant concern regarding liquidity.