Significant doubt about the going concern assumption due to COVID-19
First written in FY2021-Q1. 8 of 14 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2024-Q2.
6 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Accordingly, as of the end of the second quarter accounting period, we determined that the events or circumstances that raised substantial doubt about the going-concern assumption had been resolved.」
The Company determined that the substantial doubt regarding the going-concern assumption, which had continued against the backdrop of operating losses in the most recent 3 fiscal years, had been resolved due to the recognition of profit, generation of operating cash flow, progress on top-priority measures, and prospects for refinancing. - FY2024-Q1MitigatedAnnual report
「During the three-month period ended the first quarter of the current fiscal year, the Company recorded quarterly net income of ¥280 million, its first quarterly net profit since the fiscal year ended March 2020. Performance improved substantially from the same period of the previous year, partly because COVID-19 was reclassified as a Category 5 disease under the Infectious Diseases Act, and the Company is steadily moving toward recovery. However, as uncertainty in the business environment remains due to the continued surge in energy and raw material prices accompanying the prolonged Russian invasion of Ukraine, and as operating losses have been substantial for the most recent 3 fiscal years, events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist.」
Although the Company recorded quarterly net income of ¥280 million, a substantial improvement from the loss in the same period of the previous year, it notes that events raising substantial doubt about the going-concern assumption still exist because of operating losses in the most recent 3 fiscal years and uncertainty in the business environment. - FY2023MitigatedAnnual report
「However, as uncertainty in the business environment remains due to the prolonged Russian invasion of Ukraine and the resulting continued surge in energy and raw material prices, and as operating losses have been substantial for the most recent 3 fiscal years, events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist.」
While stating that there is no concern regarding liquidity as a result of returning to profitability for the first time in 4 fiscal years and refinancing, the Company notes that events raising substantial doubt about the going-concern assumption continue because of operating losses in the most recent 3 fiscal years and uncertainty in the business environment. - FY2023-Q3MitigatedAnnual report
「During the cumulative third quarter, the Company recorded an operating loss of ¥111 million. Although performance was improving compared with the same period of the previous fiscal year, events or conditions that could raise substantial doubt about the going-concern assumption exist because uncertainty in the business environment remains due to the effects of COVID-19. However, by steadily implementing the measures described under "Business and Other Risks" in the securities report for the previous fiscal year, the Company determined that there are no concerns regarding liquidity for the foreseeable future and that no material uncertainty exists regarding the going-concern assumption.」
Although events that raise substantial doubt about the going-concern assumption still exist, the Company states that the operating loss narrowed from the same period of the previous year and that there is no concern regarding liquidity for the foreseeable future as a result of its measures. - FY2023-Q2RestatedAnnual report
「Although performance is trending upward compared with the same period of the previous year, uncertainty in the business environment resulting from the COVID-19 pandemic remains, and events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist. However, we have determined that there is no concern regarding liquidity for the foreseeable future, and that no material uncertainty exists regarding the going-concern assumption, by steadily implementing the measures described under "Business and Other Risks" in the annual securities report for the previous fiscal year.」
While stating that performance has improved and that there is no concern regarding liquidity for the foreseeable future, the Company notes that events raising substantial doubt about the going-concern assumption and uncertainty in the business environment continue. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, the Company recorded an operating loss of ¥131 million and a quarterly net loss of ¥38 million. Although performance was improving compared with the same period of the previous fiscal year, events or conditions that could raise substantial doubt about the going-concern assumption exist because uncertainty in the business environment remains due to the effects of restrictions on activities in response to COVID-19. However, by steadily implementing the measures described under "Business and Other Risks" in the securities report for the previous fiscal year, the Company determined that there are no concerns regarding liquidity for the foreseeable future and that no material uncertainty exists regarding the going-concern assumption.」
Although performance improved year on year, the Company notes that events raising substantial doubt about the going-concern assumption still exist. Meanwhile, it continues to determine that no material uncertainty exists as a result of its measures. - FY2022RestatedAnnual report
「During the current fiscal year, the Company recorded an operating loss of ¥1,959 million and a net loss of ¥651 million. Although performance exceeded that of the same period of the previous year, uncertainty in the business environment resulting from the COVID-19 pandemic remains high, and events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist.」
Although the loss narrowed from the same period of the previous year, uncertainty in the business environment resulting from the COVID-19 pandemic and substantial doubt regarding the going-concern assumption continue. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the third quarter of the current fiscal year, the Company recorded an operating loss of ¥1,495 million and a quarterly net loss of ¥321 million. Although performance exceeded that of the same period of the previous year, uncertainty in the business environment resulting from the COVID-19 pandemic remains high, and events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist.」
While stating that performance exceeded that of the same period of the previous year and that there is no concern regarding liquidity, the Company notes that events raising substantial doubt about the going-concern assumption continue to exist. - FY2022-Q2MitigatedAnnual report
「Having implemented these measures, the Company determined that there are no concerns regarding liquidity for the foreseeable future and that no material uncertainty exists regarding the going-concern assumption.」
Although events that raise substantial doubt about the going-concern assumption continue to be disclosed, the Company continues to determine that there is no concern regarding liquidity for the foreseeable future and that no material uncertainty exists as a result of measures including the transfer of fixed assets and the issuance of preferred shares. - FY2022-Q1MitigatedAnnual report
「We have determined that there is no concern regarding liquidity for the foreseeable future as we implement these measures, and that no material uncertainty exists regarding the going-concern assumption.」
Although events that raise substantial doubt about the going-concern assumption still exist, the Company states that there is no concern regarding liquidity for the foreseeable future and that no material uncertainty exists as a result of measures including the transfer of fixed assets and the issuance of preferred shares. - FY2021MitigatedAnnual report
「In October, we raised ¥3,000 million through new borrowings, and in March, we raised ¥599 million through the issuance of new shares by way of a third-party allotment. We therefore recognize no concern regarding liquidity for the foreseeable future. However, as uncertainty in the business environment remains high, events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern exist.」
Although circumstances that raise substantial doubt about the going-concern assumption still exist, the Company states that it has no concern regarding liquidity for the foreseeable future as a result of ¥3,000 million in borrowings and a ¥599 million third-party allotment. - FY2021-Q3RestatedAnnual report
「There are events or circumstances that raise substantial doubt about the Company's ability to continue as a going concern. However, we have determined that no material uncertainty exists regarding the going-concern assumption, as we implement the optimization of our financial strategy and expense reductions described below as our top priorities.」
Although events that raise substantial doubt about the going-concern assumption still exist, the Company continues to determine that no material uncertainty exists as a result of optimizing its financial strategy and reducing expenses. - FY2021-Q2MitigatedAnnual report
「Although events or circumstances that may raise significant doubt about the company's ability to continue as a going concern still exist, the company states that, through the ¥3,000 million in financing and implementation of its financial strategy and expense reductions, it has determined that no material uncertainty regarding its ability to continue as a going concern exists. The company will implement the following as its highest-priority objectives to resolve the situation: ① optimization of its financial strategy and ② expense reductions.」
It states that, although events that may raise significant doubt about the company's ability to continue as a going concern still exist, the company has determined that no material uncertainty regarding its ability to continue as a going concern exists as a result of raising ¥3,000 million and implementing its financial strategy and expense reductions. - FY2021-Q1First statedAnnual report
「Under these circumstances, during the cumulative first quarter the company recorded unprecedentedly substantial losses of ¥1,065 million in operating loss and ¥1,112 million in quarterly net loss. Based on the outlook that, in light of conditions from July onward, the difficult situation would continue and recovery would take longer than anticipated at the end of the previous fiscal year, the need for new financing increased, and events or circumstances exist that may raise significant doubt about the company's ability to continue as a going concern.」
Against the backdrop of substantial losses due to the impact of COVID-19 and the growing need for financing, events or circumstances that may raise significant doubt about the company's ability to continue as a going concern are explicitly disclosed for the first time.