3D Matrix drops its going-concern note after reaching full-year operating profit
3D Matrix says it can remove its going-concern note after revenue rose 57% to ¥10.886 billion, operating profit turned positive at ¥1.335 billion and operating cash flow moved back into the black. The company also ended the year with ¥2.83 billion of cash and said convertible bond-type instruments linked to Heights Capital had been redeemed or converted, while bank facilities were expanded. Still, the much larger ordinary and net profit figures were boosted by a ¥2.661 billion foreign-exchange gain, so the cleaner recovery signal sits in operations and funding rather than the headline bottom line.