One of the most damning parts was buried at the other report
https://ssl4.eir-parts.net/doc/5032/ir_material_for_fiscal_ym2/163400/00.pdfAnycolor BLED 7.5 billion yen (52 million dollars) in assets in the YoY of the report.
Had that reflected in increased revenue that could be justified as “investment” but as they ended up in the red, it means they really lost that money