Material Doubt Regarding the Going-Concern Assumption
First written in FY2017-Q1. 6 of 12 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2025: 26 of 48 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「As a result, the company determined that the events or circumstances raising substantial doubt about the going-concern assumption had been resolved, and has not included a note regarding the going-concern assumption.」
Following a return to operating profitability, the securing of funds, and the extension of borrowing maturities and relaxation of financial covenants through changes to the syndicated loan agreement, the company changed its determination to not include a note regarding material uncertainty about the going-concern assumption. - FY2024-Q3RestatedAnnual report
「These measures are still being implemented, and changes in the business environment could prevent the expected improvement from being achieved as planned. In addition, some borrowing agreements entered into with financial institutions have contractual repayment terms of less than 1 year. Accordingly, the company has determined that material uncertainty exists regarding the going-concern assumption at present.」
Although the company became profitable and net assets and cash increased during the cumulative third quarter, response measures are still being implemented, and the company has continued to determine that material uncertainty exists regarding the going-concern assumption, including because of borrowings with short-term repayment terms. - FY2024-Q2RestatedAnnual report
「The measures to eliminate or improve these circumstances are described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management (5) Measures to Eliminate or Improve Circumstances That Raise Substantial Doubt About the Going-Concern Assumption.” However, these measures are still being implemented, and changes in the business environment could prevent the expected improvement from being achieved as planned. In addition, some borrowing agreements entered into with financial institutions have contractual repayment terms of less than 1 year. Accordingly, the company has determined that material uncertainty exists regarding the going-concern assumption at present.」
Although the company moved into profitability and cash increased during the cumulative second quarter, it continued to determine that material uncertainty existed regarding the going-concern assumption, against a backdrop of losses for 2 consecutive fiscal years and breaches of financial covenants, with response measures still being implemented. - FY2024-Q1MaterialisedAnnual report
「The measures to eliminate or improve these circumstances are described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management (4) Measures to Eliminate or Improve Circumstances That Raise Substantial Doubt About the Going-Concern Assumption.” However, these measures are still being implemented, and changes in the business environment could prevent the expected improvement from being achieved as planned. In addition, some borrowing agreements entered into with financial institutions have contractual repayment terms of less than 1 year. Accordingly, the company has determined that material uncertainty exists regarding the going-concern assumption at present.」
Material events regarding the going-concern assumption, whose explicit disclosure had disappeared in FY2018, were disclosed again, and the company determined this time that material uncertainty existed. Response measures are still being implemented, and short-term borrowing maturities were also cited as a factor contributing to the uncertainty. - FY2018DroppedAnnual reportThe body of the securities report for the fiscal year ended March 2018 contains no previous disclosure regarding circumstances raising substantial doubt about the going-concern assumption. The company recorded full-year profitability and positive operating cash flow.
- FY2018-Q2RestatedAnnual report
「The Group recorded operating income, ordinary income, and quarterly net income attributable to owners of the parent during the cumulative third quarter of the current consolidated fiscal year. However, it had continued to record operating losses and negative operating cash flow through the previous consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption.」
The company recorded profit for the cumulative third quarter, and cash and deposits stood at ¥1,885 million, but it continued to disclose material events based on continuing losses and other factors through prior fiscal years. - FY2018-Q1RestatedAnnual report
「The Group recorded operating income, ordinary income, and quarterly net income attributable to owners of the parent during the cumulative second quarter of the current consolidated fiscal year, resulting in positive operating cash flow. However, because it had continued to record operating losses and negative operating cash flow through the previous consolidated fiscal year, circumstances raising substantial doubt about the going-concern assumption remain.」
Although profit and operating cash flow were positive for the cumulative period, the company continued to disclose material events based on continuing losses through prior fiscal years. - FY2017-Q4RestatedAnnual report
「The Group recorded operating income, ordinary income, and quarterly net income attributable to owners of the parent during the cumulative first quarter of the current consolidated fiscal year. However, it had continued to record operating losses and negative operating cash flow through the previous consolidated fiscal year, creating circumstances that raise substantial doubt about the going-concern assumption.」
Although the company was profitable in the first quarter, it continued to disclose material events regarding the going-concern assumption based on continuing losses through the previous consolidated fiscal year. - FY2017-Q2RestatedAnnual report
「The Group has continued to record operating losses, creating circumstances that raise substantial doubt about the going-concern assumption. However, cash and deposits stood at ¥1,290 million at the end of the third quarter of the current consolidated accounting period, and the Group has secured sufficient funds on hand for the foreseeable future,」
The company continued to disclose substantial doubt associated with continuing operating losses. However, it determined that no material uncertainty existed regarding the going-concern assumption, citing ¥1,290 million in funds on hand and response measures. - FY2017-Q1First statedAnnual report
「The Group has continued to record operating losses, creating circumstances that raise substantial doubt about the going-concern assumption. However, cash and deposits stood at ¥1,370 million at the end of the second quarter of the current consolidated accounting period, and the Group has secured sufficient funds on hand for the foreseeable future,」
The company newly disclosed circumstances raising substantial doubt about the going-concern assumption due to continuing operating losses. However, it determined that no material uncertainty existed regarding the going-concern assumption, citing sufficient funds on hand and measures to improve performance.