Significant Doubt Regarding the Going-Concern Assumption Due to Continued Operating Losses and Sufficiency of Funds
First written in FY2019-Q3. 2 of 6 entries say "Mitigated", first in FY2019. Latest entry: FY2020.
The whole theme swung hardest in 2025: 26 of 50 companies on the "Worse" side.
22 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「Operating profit was ¥167 million, compared with an operating loss of ¥58 million in the previous fiscal year, as the consolidation and closure of production sites and sales offices reduced selling, general and administrative expenses.」
The current fiscal year's main text contains no reference to events or conditions giving rise to significant doubt about the going concern assumption, and discloses a return to operating profit and net income. - FY2020-Q3RestatedAnnual report
「The company recorded an operating profit in the first 9 months of the current consolidated fiscal year and has seen signs of a recovery in performance. In addition, cash and deposits were sufficient to cover working capital needs for the foreseeable future. The company therefore determined that no material uncertainty regarding the going concern assumption existed and did not include a note in the quarterly consolidated financial statements.」
The company continues to determine that signs of a recovery in performance exist and that no material uncertainty regarding the going concern assumption exists, based on the recording of an operating profit and sufficient working capital for the foreseeable future. - FY2020-Q2MitigatedAnnual report
「The company recorded an operating profit in the first six months of the current consolidated fiscal year and has seen signs of a recovery in performance. In addition, cash and deposits were sufficient to cover working capital needs for the foreseeable future. The company therefore determined that no material uncertainty regarding the going concern assumption existed and did not include a note in the quarterly consolidated financial statements.」
Although the recognition of significant doubt arising from operating losses for 3 consecutive fiscal years remains, the company recorded an operating profit for the first six months and disclosed signs of a recovery in performance and sufficient working capital for the foreseeable future. - FY2020-Q1RestatedAnnual report
「Our group has recorded operating losses for 3 consecutive fiscal years through the fiscal year ended March 2019. Although we recorded operating income in the cumulative first quarter of the current consolidated fiscal year, we recognize that events or conditions exist that could raise significant doubt about the going-concern assumption, as we have not yet confirmed a sustained recovery in profitability.」
Although the company recorded an operating profit in the current first quarter, it continues to recognise that events and conditions giving rise to significant doubt about the going concern assumption exist against the background of operating losses for 3 consecutive fiscal years. - FY2019MitigatedAnnual report
「The group recorded an operating loss of ¥44 million and a net loss attributable to owners of the parent of ¥806 million in the previous consolidated fiscal year, and an operating loss of ¥58 million and a net loss attributable to owners of the parent of ¥382 million in the current consolidated fiscal year. Accordingly, events or conditions exist that may raise significant doubt about the going concern assumption, but the group will steadily implement the following measures to eliminate these conditions and restore performance.」
While operating and net losses have continued, the company has presented specific measures including the relocation, consolidation and closure of sales offices, real estate sales, menu revisions, improvements in procurement costs and reviews of selling prices. As cash and deposits are sufficient to cover working capital needs for the foreseeable future, it has determined that no material uncertainty exists. - FY2019-Q3First statedAnnual report
「The group has continued to record operating losses and recognises that events or conditions exist that may raise significant doubt about the going concern assumption. However, at the end of the third quarter of the current consolidated fiscal year, cash and deposits were sufficient to cover working capital needs for the foreseeable future. The group therefore determined that no material uncertainty regarding the going concern assumption existed and did not include a note in the quarterly consolidated financial statements.」
The company recognises that events and conditions giving rise to significant doubt about the going concern assumption exist because it has continued to record operating losses. However, as cash and deposits are sufficient to cover working capital needs for the foreseeable future, it determined that no material uncertainty existed and did not include a note in the financial statements.