Conditions Raising Significant Doubt About the Going-Concern Assumption
First written in FY2018-Q1. 12 of 29 entries say "Restated". Latest entry: 2026-10-08.
Hotel Newgrand 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: 26 of 48 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Not applicable.」
The disclosure continues to state that there are no applicable matters related to the going concern assumption. - FY2024-Q1RestatedAnnual report
「Not applicable.」
The Company continues to state that there are no applicable matters related to going concern, with no statement that the material events of prior fiscal years have recurred. - FY2023MitigatedAnnual report
「For the fiscal year under review, net sales were ¥5,372.6 million, up 25.5% from the previous fiscal year; operating income was ¥283.653 million, compared with an operating loss of ¥385.375 million in the previous fiscal year; ordinary income was ¥257.041 million, compared with an ordinary loss of ¥323.478 million; and net income was ¥393.364 million, compared with a net loss of ¥349.201 million.」
The Company recorded operating income, ordinary income and net income, returning to profitability from the previous year's operating, ordinary and net losses. - FY2023-Q3RestatedAnnual report
「However, during the fiscal year under review, COVID-19 began to subside gradually, and, together with the effects of the government's economic measures, the Company recorded operating income during the cumulative third quarter.」
The Company has continued to record operating income, and the statement that there are no applicable matters related to going concern has remained in place. - FY2023-Q2MitigatedAnnual report
「However, during the fiscal year under review, COVID-19 began to subside gradually, and, together with the effects of the government's economic measures, the Company recorded operating income during the cumulative second quarter.」
Regarding the material events related to going concern that existed in prior fiscal years, the Company also recorded operating income during the cumulative second quarter, and the notes state that there are no applicable matters. - FY2023-Q1MitigatedAnnual report
「However, during the fiscal year under review, COVID-19 began to subside gradually, and, together with the effects of the government's economic measures, the Company recorded operating income during the cumulative first quarter. (Matters related to going concern) There are no applicable matters.」
Regarding the material events related to going concern that existed in prior fiscal years, the Company recorded operating income during the cumulative first quarter and stated that there were no applicable matters related to going concern. - FY2022Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「During the fiscal year under review, the Company recorded an operating loss of ¥385.375 million, an ordinary loss of ¥323.478 million and a net loss of ¥349.201 million due in part to the impact of measures to prevent the spread of COVID-19. As a full recovery in performance had not yet been achieved, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although operating and ordinary losses decreased from the previous fiscal year, operating, ordinary and net losses continued, and material events continue. - FY2022-Q3Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「During the cumulative third quarter, the Company recorded an operating loss of ¥300.098 million, an ordinary loss of ¥236.713 million and a quarterly net loss of ¥242.032 million, due in part to the impact of measures to prevent the spread of COVID-19. As a full recovery in performance had not yet been achieved, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although operating, ordinary and net losses decreased from the same quarter of the previous year, losses continued due in part to the impact of measures to prevent the spread of the disease, and material events related to going concern continue as a full recovery in performance had not yet been achieved. - FY2022-Q2Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「During the cumulative second quarter, the Company recorded an operating loss of ¥151.143 million, an ordinary loss of ¥83.585 million and a quarterly net loss of ¥87.105 million, due in part to the impact of shortened operating hours implemented to prevent the spread of COVID-19. As a full recovery in performance had not yet been achieved, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although the amount of the loss decreased year on year, operating, ordinary and net losses continued due in part to the impact of shortened operating hours, and material events related to going concern also continue. - FY2022-Q1Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「In the previous fiscal year, the Company recorded net income of ¥1,319.982 million as a result of recording a ¥1,390 million gain on the sale of fixed assets accompanying the transfer of the land beneath the Tower Building, but it also recorded operating and ordinary losses. During the cumulative first quarter, it recorded an operating loss of ¥102.713 million, an ordinary loss of ¥78.471 million and a quarterly net loss of ¥79.863 million, due in part to the impact of shortened operating hours implemented to prevent the spread of COVID-19. As a full recovery in performance had not yet been achieved, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although losses at each level decreased year on year, operating, ordinary and quarterly net losses continued, and material events related to going concern continue as a full recovery in performance had not yet been achieved. - FY2021Operating losses continued, but net income was recorded due to gains on sales of fixed assetsAnnual report
「Although the Company recorded net income of ¥1,319.982 million for the fiscal year under review as a result of recording a ¥1,390 million gain on the sale of fixed assets accompanying the transfer of the land beneath the Tower Building, it recorded an operating loss of ¥742.139 million and an ordinary loss of ¥468.692 million due in part to the impact of shortened operating hours implemented to prevent the spread of COVID-19. As a full recovery in performance had not yet been achieved, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although net income was recorded, it resulted from a gain on the sale of fixed assets. As operating and ordinary losses continued and a full recovery in performance had not been achieved, material events related to going concern continue. - FY2021-Q3Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「In the previous fiscal year, the Company recorded operating losses, ordinary losses and net losses for 2 consecutive fiscal years. During the cumulative third quarter, it also recorded an operating loss of ¥642.558 million, an ordinary loss of ¥503.306 million and a quarterly net loss of ¥558.501 million, due to the decline in visitor numbers accompanying the state of emergency reissued on 8 January 2021, the priority preventive measures to prevent the spread of the disease issued on 20 April 2021, and the state of emergency reissued on 22 July. Accordingly, circumstances exist that raise material doubt about the Company's ability to continue as a going concern.」
Although operating, ordinary and net losses decreased year on year, material events related to going concern continue against the backdrop of declining visitor numbers resulting from multiple emergency measures. - FY2021-Q2Losses narrowed, but material events relating to the going-concern assumption continueAnnual report
「In the previous fiscal year, the Company reported operating losses, ordinary losses and net losses for 2 consecutive periods. In the cumulative second quarter of the current fiscal year, it also reported an operating loss of ¥417.135 million, an ordinary loss of ¥307.670 million and a quarterly net loss of ¥362.058 million due to a decline in visitor numbers following the state of emergency reissued on 8 January 2021 and the declaration of priority preventive measures issued on 20 April 2021, and a situation exists that raises substantial doubt about the going-concern assumption.」
Although the loss decreased from the same period of the previous year, material events related to going concern remain due to the decline in visitor numbers resulting from the state of emergency and priority preventive measures to prevent the spread of the disease. - FY2021-Q1WorsenedAnnual report
「In the previous fiscal year, the Company reported operating losses, ordinary losses and net losses for 2 consecutive periods. In the cumulative first quarter of the current fiscal year, it also reported an operating loss of ¥236.582 million, an ordinary loss of ¥191.846 million and a quarterly net loss of ¥245.622 million due to a decline in visitor numbers following the state of emergency reissued on 8 January 2021, and a situation exists that raises substantial doubt about the going-concern assumption.」
Against the backdrop of declining visitor numbers due to the state of emergency, the Company reported operating, ordinary and quarterly net losses, and the material events continue. - FY2020WorsenedAnnual report
「In the current fiscal year, the Company recorded an operating loss of ¥885.087 million, an ordinary loss of ¥785.581 million and a net loss of ¥1,095.337 million due to the impact of partial business suspensions and the suspension of operations throughout the hotel in connection with measures to prevent the spread of the novel coronavirus infection, as well as impairment losses recognised based on estimates including the impact of the infection, and had not yet achieved a full-scale recovery in performance.」
Operating suspensions, impairment losses and the impact of the infection caused full-year operating, ordinary and net losses to increase substantially, making the material events relating to the going-concern assumption more severe. - FY2020-Q3WorsenedAnnual report
「The Company reported positive cash flow from operating activities in the previous fiscal year, but recorded operating, ordinary and net losses. Although the hotel business operated by the Company tends to generate high revenue because demand for banquets, including weddings, is strong in the fourth quarter, the cumulative third quarter of the current fiscal year recorded an operating loss of ¥855.766 million, an ordinary loss of ¥781.946 million and a quarterly net loss of ¥1,063.104 million due to the impact of partial business suspensions and the suspension of operations throughout the hotel in connection with measures to prevent the spread of the novel coronavirus infection described above, as well as impairment losses recognised based on estimates including the impact of the infection.」
Operating, ordinary and quarterly net losses increased substantially, and the material events relating to the going-concern assumption became even more severe as business suspensions were compounded by impairment losses including the impact of the infection. - FY2020-Q2WorsenedAnnual report
「Although the hotel business operated by the Company tends to generate high revenue because demand for banquets, including weddings, is strong in the fourth quarter, the cumulative second quarter of the current fiscal year recorded an operating loss of ¥429.636 million, an ordinary loss of ¥397.985 million and a quarterly net loss of ¥747.025 million due to the impact of partial business suspensions and the suspension of operations throughout the hotel in connection with measures to prevent the spread of the novel coronavirus infection described above, as well as impairment losses recognised based on estimates including the impact of the infection.」
The material events relating to the going-concern assumption became even more severe than in the previous quarter as a result of business suspensions, impairment losses including the impact of the infection, and the reporting of operating, ordinary and net losses. - FY2020-Q1RestatedAnnual report
「These circumstances constitute a situation that raises substantial doubt about the going-concern assumption. However, as described in “2. Analysis of Financial Position, Operating Results and Cash Flows by Management (6) Material Events and Other Matters Relating to the Going-Concern Assumption,” we have determined that no material uncertainty exists regarding the going-concern assumption because we are taking measures to resolve or improve these material events and other matters.」
Although the material events relating to the going-concern assumption continue because operating, ordinary and net losses were reported, the determination that no material uncertainty exists as a result of the response measures has also been maintained. - FY2019RestatedAnnual report
「Although cash flow from operating activities was positive in the current fiscal year, the Company reported an operating loss of ¥11.584 million, an ordinary loss of ¥21.485 million and a net loss of ¥44.534 million, and had not yet achieved a full-scale recovery in performance.」
Cash flow from operating activities turned positive, but the material events relating to the going-concern assumption continue because operating, ordinary and net losses were reported. - FY2019-Q3RestatedAnnual report
「The Company reported operating income and ordinary income in the previous fiscal year, but reported a net loss for the third consecutive period because it recorded a loss on disposal of fixed assets arising from renovation work on guest rooms in the Tower Building as an extraordinary loss. Although the hotel business operated by the Company tends to generate high revenue because demand for banquets, including weddings, is strong in the fourth quarter, the cumulative third quarter of the current fiscal year also recorded an operating loss of ¥96.529 million, an ordinary loss of ¥103.359 million and a quarterly net loss of ¥147.872 million.」
In addition to the third consecutive net loss in the previous fiscal year, the cumulative third quarter of the current fiscal year also recorded operating, ordinary and net losses, and the material events relating to the going-concern assumption continue. - FY2019-Q2RestatedAnnual report
「The Company reported operating income and ordinary income in the previous fiscal year, but reported a net loss for the third consecutive period because it recorded a loss on disposal of fixed assets arising from renovation work on guest rooms in the Tower Building as an extraordinary loss. The cumulative second quarter of the current fiscal year also recorded an operating loss of ¥73.175 million, an ordinary loss of ¥77.246 million and a quarterly net loss of ¥80.042 million.」
Even after operating income and ordinary income were reported in the previous fiscal year, the material events continue because of the third consecutive net loss caused by the loss on disposal of fixed assets and the operating, ordinary and net losses in the cumulative second quarter of the current fiscal year. - FY2019-Q1WorsenedAnnual report
「The Company reported operating income and ordinary income in the previous fiscal year, but reported a net loss for the third consecutive period because it recorded a loss on disposal of fixed assets arising from renovation work on guest rooms in the Tower Building as an extraordinary loss. Although the hotel business operated by the Company tends to generate high revenue because demand for banquets, including weddings, is strong in the fourth quarter, the cumulative first quarter of the current fiscal year also recorded an operating loss of ¥65.872 million, an ordinary loss of ¥68.059 million and a quarterly net loss of ¥71.866 million.」
Although the previous fiscal year included operating income and ordinary income, the net loss was recorded for the third consecutive period because extraordinary losses included a loss on disposal of fixed assets arising from renovation work on guest rooms in the Tower Building. The cumulative first quarter also recorded operating, ordinary and net losses, and the material events continue. - FY2018Operating profitability achieved, but material events continueAnnual report
「The Company reported operating, ordinary and net losses for 2 consecutive periods through the previous fiscal year. Although it reported operating income of ¥30.737 million in the current fiscal year, cash flow from operating activities was negative, and a full-scale recovery in performance had not yet been achieved」
Although operating income returned to profitability, cash flow from operating activities was negative and a full-scale recovery had not been achieved, so the material events relating to the going-concern assumption continue. - FY2018-Q3RestatedAnnual report
「In the previous fiscal year, the Company reported operating losses, ordinary losses and net losses for 2 consecutive periods. In the cumulative third quarter of the current fiscal year, it also reported an operating loss of ¥149.897 million, an ordinary loss of ¥154.942 million and a quarterly net loss of ¥208.373 million, and a situation exists that raises substantial doubt about the going-concern assumption.」
In addition to full-year losses for 2 consecutive periods, the cumulative third quarter also recorded operating, ordinary and net losses, and the situation raising substantial doubt about the going-concern assumption continues. - FY2018-Q2RestatedAnnual report
「In the previous fiscal year, the Company reported operating losses, ordinary losses and net losses for 2 consecutive periods. In the cumulative second quarter of the current fiscal year, it also reported an operating loss of ¥94.055 million, an ordinary loss of ¥95.976 million and a quarterly net loss of ¥92.248 million, and a situation exists that raises substantial doubt about the going-concern assumption.」
In addition to full-year losses for 2 consecutive periods, the cumulative second quarter also recorded operating, ordinary and net losses, and the situation raising substantial doubt about the going-concern assumption continues. Meanwhile, the Company has determined that no material uncertainty exists as a result of its response measures. - FY2018-Q1First statedAnnual report
「In the previous fiscal year, the Company reported operating losses, ordinary losses and net losses for 2 consecutive periods. In the cumulative first quarter of the current fiscal year, it also reported an operating loss of ¥64.907 million, an ordinary loss of ¥64.881 million and a quarterly net loss of ¥36.521 million, and a situation exists that raises substantial doubt about the going-concern assumption.」
In addition to full-year losses for 2 consecutive periods, the Company reported operating, ordinary and quarterly net losses in the first quarter, explicitly identifying for the first time a situation that raises substantial doubt about the going-concern assumption. Meanwhile, it has determined that no material uncertainty exists as a result of its response measures.