Recurring Balance-Sheet Insolvency
First written in FY2022. 7 of 10 entries say "Mitigated", first in 2026-04-14. Latest entry: 2026-10-15.
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026-H1MitigatedAnnual report
「Although net assets at the end of the previous consolidated fiscal year amounted to negative ¥95.937 million, the payment procedure for a ¥96.715 million third-party allotment capital increase to be allocated to Fixstars Investment Co., Ltd. was completed on 2 February 2026. In addition, ¥57.062 million was paid in through the exercise of stock acquisition rights, resolving the negative net worth as of the end of the interim consolidated accounting period.」
The company states that the negative net worth incurred at the end of FY2025 was resolved by the payments from the third-party allotment capital increase and the exercise of stock acquisition rights by the end of the interim period. - FY2025MaterialisedAnnual report
「As a result, net assets at the end of the consolidated fiscal year amounted to negative ¥95.937 million, resulting in negative net worth, and the company recognizes that events or circumstances existed that raised substantial doubt about the going-concern assumption.」
A return to negative net worth actually occurred and was recognized as a material event concerning the going-concern assumption. The company states that this is expected to be resolved after submission through a third-party allotment capital increase. - FY2022First statedAnnual report
「However, if the group's business does not progress as planned and it is unable to record net income, it may again become insolvent on a net-worth basis.」
After noting the group's history of negative net worth in the fiscal year ended November 2018, the company identifies the risk of again becoming insolvent on a net-worth basis if the business does not progress as planned and it cannot record profit.