Risks Associated with Investments in New Businesses and M&A
First written in FY2022. 1 of 2 entries say "Reframed", first in FY2024. Latest entry: FY2024.
Taisei Oncho moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「・Detailed review of business plans ・Conduct of financial and legal due diligence ・Prompt implementation of integration work (PMI)」
The company specifies measures to address new business and M&A risks, including detailed review of business plans, financial and legal due diligence, and PMI. - FY2022First statedAnnual report
「The group may undertake investments in new businesses, M&A, and other activities to enhance the expertise and profitability of its core air-conditioning, plumbing, and sanitary equipment businesses, while expanding its business areas and geographical coverage and entering new businesses.」
The company presents the possibility of unidentified risks, contingent liabilities, failure to realize synergies, failure to achieve earnings targets, and impairment of goodwill associated with investments in new businesses and M&A as separate risks.