TOKYO, May 22 (Pulse News Wire) – Kubotek Corporation (7709.T) received an unqualified opinion abstention report from its auditor, Audit Firm Hibiscus, regarding the fiscal year ended March 31, 2026. The firm cited insufficient and appropriate audit evidence due to significant uncertainties surrounding the company's ability to continue as a going concern.
Specifically, the company reported six consecutive quarters of operating losses and declining orders, leading to substantial doubts about its future viability. As a result, the board will seek shareholder approval for the financial statements during the upcoming annual general meeting.
In response to this development, Kubotek plans to implement measures aimed at improving performance and securing funds for future operations. The company deeply regrets the inconvenience caused to shareholders and stakeholders.
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