Funding burden associated with M&A and risk of delays in post-acquisition business plans
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2024.
Interlife Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 13 of 79 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The Group regards business expansion through M&A as an important growth strategy priority. If substantial funding is required in connection with M&A, or if impairment losses arise because progress under a business plan following an M&A transaction, including the acquisition of a subsidiary, is delayed, this may affect the Group's operating results and financial position. The Group may also pursue new business development with the aim of expanding its business areas. However, given uncertainties such as rising costs, failure to generate the expected revenue may affect the Group's performance.」
In addition to the previously disclosed risks of the M&A funding burden and delays in post-acquisition plans, the company has expressly identified the risks of higher costs and failure to generate revenue associated with new business development. - FY2022RestatedAnnual report
「The Group regards business expansion through M&A as an important growth strategy priority and may require substantial funding in the future.」
While positioning M&A as an important growth strategy priority, the company continues to disclose that the funding burden and delays in post-acquisition business plans may affect its operating results and financial position. - FY2019RestatedAnnual report
「The Group regards business expansion through M&A as an important growth strategy priority and may require substantial funding in the future. In addition, if progress under a business plan following an M&A transaction, including the acquisition of a subsidiary, falls behind the initial forecast, this may affect the Group's operating results and financial position.」
While pursuing M&A as a growth strategy, the company continues to disclose the risks of the funding burden and delays in post-acquisition plans. - FY2017First statedAnnual report
「The Group regards business expansion through M&A as an important growth strategy priority and may require substantial funding in the future. In addition, if progress under a business plan following an M&A transaction, including the acquisition of a subsidiary, falls behind the initial forecast, this may affect the Group's operating results and financial position.」
While positioning M&A as an important growth strategy priority, the company newly expressly discloses that the funding burden and delays in post-acquisition plans may affect its operating results and financial position.