Risks of Overseas Business Expansion and M&A Integration
First written in FY2019. 7 of 10 entries say "Restated". Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks associated with overseas operations and M&A integration. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks associated with overseas operations and M&A integration. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks associated with overseas operations and M&A integration. - FY2023WorsenedAnnual report
「Particularly in the United States, there are concerns about an economic downturn due to persistently high interest rates and credit tightening. If these risks are not avoided, results could be affected.」
The overseas business risks now specifically include persistently high interest rates, credit tightening and concerns about an economic downturn in the United States. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company reports no material changes to the risks associated with overseas operations and M&A integration. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks associated with overseas operations and M&A integration. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company reports no material changes to the risks associated with overseas operations and M&A integration. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks associated with overseas operations and M&A integration. - FY2020WorsenedAnnual report
「If the spread of COVID-19 occurs in a country where we operate, it could affect the business, including through temporary suspension of operations.」
Temporary suspension of operations due to the spread of COVID-19 in countries where the company operates was added to the overseas operations and M&A integration risks. - FY2019First statedAnnual report
「In overseas operations, significant changes in the political or economic conditions, foreign exchange rates or legal and regulatory requirements in countries where we operate, or changes in real estate market conditions, could affect construction progress and the securing of profits. In addition, if synergies from integration with companies acquired through M&A are not realized, results could be affected.」
New risks have been explicitly identified, including changes in political, economic, foreign exchange, legal and regulatory and real estate market conditions associated with overseas expansion, as well as integration with M&A targets and the failure to realize synergies.