Soken Ace's consolidated revenue rose sharply to ¥1.785 billion, but it posted a net loss of ¥897 million, worsening its financial position and raising material uncertainty regarding the going-concern assumption.
According to the earnings summary, Soken Ace reported consolidated revenue of ¥1.785 billion for the fiscal year, up approximately 85.5% from the same period a year earlier. However, affected by delays in construction progress and soaring material costs in its construction business, the company posted a net loss of ¥897 million.
The deterioration in its financial position has resulted in material uncertainty regarding the going-concern assumption, highlighting significant concerns about the company's financial strength. The date of the next earnings announcement has not been determined.
The earnings announcement schedule remains undecided, and the summary of the earnings report emphasises the above profit and loss figures and financial concerns.