Kubotek ended the year to March 2026 with just ¥56.1mn in net assets and an equity-to-asset ratio of 7.0%, the standout balance-sheet indicators in its annual securities report.
The topline was firmer than the capital base. Net sales reached ¥2.10bn, but the company still recorded an ordinary loss of ¥114.4mn and a net loss attributable to owners of parent of ¥156.1mn.
A separate internal control report added another caution flag. Kubotek said it could not carry out evaluation procedures for internal controls tied to the going-concern assessment, and for that reason could not express an overall conclusion on the effectiveness of internal control over financial reporting at year-end. It said evaluation work outside that area was completed and no deficiencies were found.
In short, Kubotek finished the year with sales still running, but only ¥56.1mn of net assets and a 7.0% equity ratio on the balance sheet.