Substantial Doubt Regarding the Going-Concern Assumption Due to the Recognition of a Significant Loss
First written in FY2020-Q3. 11 of 34 entries say "Worsened", first in FY2020. Latest entry: 2026-11-13.
Wilson Learning Worldwide moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 30 of 61 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2027-H1WorsenedAnnual report
「The importance of securing additional working capital is expected to increase further, but at present there is no outlook for new financing from financial institutions or other sources. As a result, events or conditions exist that raise substantial doubt about the company's ability to continue as a going concern.」
The company recorded an operating loss of ¥147.509 million, an ordinary loss of ¥138.487 million, a net loss of ¥154.834 million and negative operating cash flow of ¥99.871 million, and stated that the importance of securing additional working capital was increasing further. - FY2026Losses narrowed and operating cash flow was nearly breakeven, but going-concern doubt persistedAnnual report
「In the consolidated fiscal year under review, net sales were on a recovery trend compared with the previous consolidated fiscal year, but the company recorded a material operating loss of ¥70.733 million, an ordinary loss of ¥91.977 million, and a net loss attributable to owners of the parent of ¥140.227 million.」
Operating loss, ordinary loss and net loss all narrowed from the previous fiscal year, and negative operating cash flow improved from ¥348 million to ¥4 million. However, the material uncertainty regarding the going-concern assumption continued because of the material losses recorded and uncertainty regarding additional financing. - FY2026-H1The company returned to operating profitability, but substantial doubt about the going-concern assumption continuedAnnual report
「During the six months ended the interim period of the current consolidated fiscal year, net sales showed a recovery trend compared with the same period of the previous year, and the company recorded operating profit of ¥4.540 million. However, it recorded an ordinary loss of ¥5.438 million, an interim net loss attributable to owners of the parent of ¥6.479 million, and negative operating cash flow of ¥76.529 million.」
Although the company recorded operating profit and losses narrowed significantly from the same period of the previous year, ordinary loss, interim net loss and negative operating cash flow remained. The material uncertainty regarding the going-concern assumption continued. - FY2025Losses narrowed, but substantial doubt about the going-concern assumption continuedAnnual report
「In the consolidated fiscal year under review, the Group advanced its structural reforms further than in the previous consolidated fiscal year and worked to reduce selling, general and administrative expenses, although overall sales remained flat. Nevertheless, the company recorded a material operating loss of ¥393.918 million, an ordinary loss of ¥385.372 million, a net loss attributable to owners of the parent of ¥386.041 million, and negative operating cash flow of ¥348.282 million.」
Structural reforms and reductions in selling, general and administrative expenses narrowed losses from the previous fiscal year, but an operating loss of ¥393.918 million and negative operating cash flow of ¥348.282 million remained. The material uncertainty regarding the going-concern assumption continued. - FY2025-H1Losses narrowed, but substantial doubt about the going-concern assumption continuedAnnual report
「During the six months ended the interim period of the current consolidated fiscal year, sales recovered and turned profitable in some regions compared with the same period of the previous year, but were generally flat. The company recorded a material operating loss of ¥200.481 million, an ordinary loss of ¥188.100 million, an interim net loss attributable to owners of the parent of ¥187.558 million, and material negative operating cash flow of ¥202.762 million, and therefore events or conditions existed that raised substantial doubt about the going-concern assumption.」
Although some regions turned profitable and losses narrowed year on year, overall sales were flat. Operating loss, ordinary loss, net loss and negative operating cash flow continued, as did the material uncertainty regarding the going-concern assumption. - FY2024-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, net sales in Japan showed a recovery trend compared with the same period of the previous year, but were generally flat. The company recorded a material operating loss of ¥392.976 million, an ordinary loss of ¥411.377 million, and a quarterly net loss attributable to owners of the parent of ¥415.766 million.」
Although sales in Japan showed a recovery trend, overall sales were flat. The company recorded an operating loss of ¥392.976 million, an ordinary loss of ¥411.377 million, and a net loss of ¥415.766 million. The material uncertainty regarding the going-concern assumption continued amid the need for additional working capital. - FY2024-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, net sales in Japan showed a recovery trend compared with the same period of the previous year, but were generally flat. The company recorded a material operating loss of ¥295.767 million, an ordinary loss of ¥317.315 million, a quarterly net loss attributable to owners of the parent of ¥320.980 million, and material negative operating cash flow of ¥233.182 million.」
Although sales in Japan showed a recovery trend, overall sales were flat, while operating loss, ordinary loss, net loss and negative operating cash flow increased. The material uncertainty regarding the going-concern assumption continued. - FY2024-Q1RestatedAnnual report
「Under these circumstances, we expect to require additional working capital in the future, but at present we have no outlook for obtaining new financing from financial institutions or other sources. These circumstances constitute events or conditions that raise substantial doubt about the going-concern assumption.」
Although the company recorded operating and ordinary profit in the previous consolidated fiscal year, it recorded an operating loss of ¥168.639 million, an ordinary loss of ¥181.821 million, and a net loss of ¥187.186 million in the first quarter, and disclosures regarding additional working capital and the material uncertainty concerning the going-concern assumption continued. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, net sales showed a recovery trend compared with the same period of the previous year, although they were flat in some regions. The company recorded a material operating loss of ¥232.061 million, an ordinary loss of ¥275.133 million, and a quarterly net loss attributable to owners of the parent of ¥286.744 million, and therefore events or conditions existed that raised substantial doubt about the going-concern assumption.」
Although net sales were recovering and operating and ordinary losses narrowed from the same period of the previous year, some regions remained flat. The material uncertainty regarding the going-concern assumption continued because of the material losses recorded and the need for additional working capital. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, net sales showed a recovery trend compared with the same period of the previous year, although they were flat in some regions. The company recorded a material operating loss of ¥253.440 million, an ordinary loss of ¥292.408 million, a quarterly net loss attributable to owners of the parent of ¥299.298 million, and material negative operating cash flow of ¥171.281 million, and therefore events or conditions existed that raised substantial doubt about the going-concern assumption.」
Although net sales recovered and the operating loss narrowed, material losses and negative operating cash flow continued, as did the material uncertainty regarding the going-concern assumption. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, net sales showed a recovery trend in some regions compared with the same period of the previous year, but were generally flat. The company recorded a material operating loss of ¥169.117 million, an ordinary loss of ¥176.921 million, and a quarterly net loss attributable to owners of the parent of ¥175.704 million, and therefore events or conditions existed that raised substantial doubt about the going-concern assumption.」
Although some regions showed a recovery, overall sales were flat. The company recorded an operating loss of ¥169.117 million, an ordinary loss of ¥176.921 million, and a net loss of ¥175.704 million. Additional working capital was considered necessary, but no outlook for new financing from financial institutions or other sources had been obtained. - FY2022RestatedAnnual report
「In the consolidated fiscal year under review, net sales were on a recovery trend, but the company recorded a material operating loss of ¥535.378 million, an ordinary loss of ¥491.417 million, a net loss attributable to owners of the parent of ¥308.899 million, and material negative operating cash flow of ¥525.142 million.」
Although net sales and losses improved from the previous fiscal year, operating loss, ordinary loss, net loss and negative operating cash flow continued, as did the material uncertainty regarding the going-concern assumption. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, net sales were on a recovery trend, but the company recorded a material operating loss of ¥435.843 million, an ordinary loss of ¥430.487 million, and a quarterly net loss attributable to owners of the parent of ¥258.297 million. In particular, recovery from the business downturn caused by COVID-19 has taken time in Japan and North America.」
Although net sales recovered and losses narrowed, the material uncertainty regarding the going-concern assumption continued because of the material losses recorded and the delayed recovery in Japan and North America. - FY2022-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, net sales were on a recovery trend, but the company recorded a material operating loss of ¥350.233 million, an ordinary loss of ¥335.398 million, a quarterly net loss attributable to owners of the parent of ¥165.664 million, and material negative operating cash flow of ¥244.580 million.」
Although net sales recovered and losses narrowed year on year, operating loss, ordinary loss, net loss and negative operating cash flow continued, as did the material uncertainty regarding the going-concern assumption. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, net sales showed a recovery trend compared with the same period of the previous year. However, the company recorded a material operating loss of ¥164.051 million, an ordinary loss of ¥163.211 million, and a quarterly net loss attributable to owners of the parent of ¥39.147 million, and therefore events or conditions existed that raised substantial doubt about the going-concern assumption.」
Although net sales were recovering and the loss narrowed from the same period of the previous year, the recording of material operating, ordinary and net losses meant that the material uncertainty regarding the going-concern assumption continued. - FY2021WorsenedAnnual report
「In the consolidated fiscal year under review, net sales declined significantly, and the company recorded a material operating loss of ¥770.030 million, an ordinary loss of ¥781.221 million, a net loss attributable to owners of the parent of ¥629.153 million, and material negative operating cash flow of ¥490.710 million. The company also expects to require additional working capital in the future, but at present has no firm outlook for obtaining new financing from financial institutions or other sources.」
Material events concerning the going-concern assumption continued throughout the fiscal year. The company recorded an operating loss of ¥770.030 million, an ordinary loss of ¥781.221 million, and negative operating cash flow of ¥490.710 million. Although additional working capital is considered necessary, no firm outlook for financing has been obtained. - FY2021-Q3WorsenedAnnual report
「We also expect to require additional working capital in the future, but at present we have no firm outlook for obtaining new financing from financial institutions or other sources. These circumstances constitute events or conditions that raise substantial doubt about the going-concern assumption.」
For the nine months ended the third quarter, the company recorded an operating loss of ¥639.499 million and an ordinary loss of ¥648.526 million. Although additional working capital was expected to be necessary, the company continued to have no firm outlook for obtaining new financing. - FY2021-Q2WorsenedAnnual report
「We also expect to require additional working capital in the future, but at present we have no firm outlook for obtaining new financing from financial institutions or other sources. These circumstances constitute events or conditions that raise substantial doubt about the going-concern assumption.」
The company recorded an operating loss of ¥551.164 million, an ordinary loss of ¥545.293 million, a net loss of ¥554.722 million, and negative operating cash flow of ¥327.525 million, explicitly identifying the need for additional working capital and uncertainty regarding the outlook for financing. - FY2021-Q1WorsenedAnnual report
「Although we are implementing the measures below to resolve these events or circumstances, the measures being taken by the Group are still in progress. Depending on future business progress and the status of additional financing, they may have a material effect on our cash flow, and we therefore recognize that a material uncertainty exists regarding the going-concern assumption.」
In addition to recording significant losses continuing from the previous fiscal year, the measures being taken remain in progress, and the situation has reached the stage at which we recognize that a material uncertainty exists regarding the going-concern assumption. - FY2020WorsenedAnnual report
「During the fiscal year under review, the Group recorded a significant decline in revenue, a significant operating loss of ¥486.691 million, an ordinary loss of ¥515.802 million, a net loss attributable to owners of the parent of ¥828.562 million, and significant negative operating cash flow of ¥246.217 million. Accordingly, events or conditions exist that raise significant doubt about the going-concern assumption.」
The significant events relating to the going-concern assumption first disclosed in the third quarter continued through the full fiscal year, resulting in an operating loss of ¥486.691 million, an ordinary loss of ¥515.802 million, a net loss of ¥828.562 million, and negative operating cash flow of ¥246.217 million. - FY2020-Q3First statedAnnual report
「The Group has recorded a significant operating loss, ordinary loss, and net loss for the quarter attributable to owners of the parent during the cumulative third quarter. Accordingly, events or conditions exist that raise significant doubt about the going-concern assumption. However, as described in “(5) Measures to resolve significant events and other matters described under Business Risks” in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management,” the Group has implemented measures to resolve these events or conditions and has therefore determined that no material uncertainty exists regarding the going-concern assumption.」
The company recorded an operating loss of ¥357.485 million, an ordinary loss of ¥366.57 million, and a quarterly net loss attributable to owners of the parent of ¥552.781 million, explicitly identifying events and conditions that raise significant doubt about the going-concern assumption. However, it determined that no material uncertainty exists because measures are being implemented.