Downturn in the Domestic M&A Market
First written in FY2024. 3 of 4 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if the SME M&A market were to contract in the future for any reason, our business performance could be affected. In the short term, the SME M&A market could temporarily weaken because of economic conditions, natural disasters, pandemics and other factors, which could also affect our business performance.」
The risks of market contraction and short-term weakness caused by economic conditions, natural disasters, pandemics and other factors continue to be disclosed. - 2026-03-31RestatedEarnings presentation
「There has been no significant change since the end of the previous fiscal year in the situation in which the closing rate is declining, partly because the supply of sale-side deals in the M&A market has increased and buyers have become more cautious and selective in reviewing deals.」
The decline in the closing rate caused by the increased supply of sale-side deals and greater selectivity among buyers was reiterated as a market condition that had not changed significantly since the end of the previous fiscal year. - FY2025RestatedAnnual report
「However, if the SME M&A market were to contract in the future for any reason, our business performance could be affected. In the short term, the SME M&A market could temporarily weaken because of economic conditions, natural disasters, pandemics and other factors.」
The risk of an impact on performance from market contraction or short-term weakness continues to be disclosed, together with assessments of likelihood and impact. - FY2024First statedAnnual report
「However, if the SME M&A market were to contract in the future for any reason, our business performance could be affected. In the short term, the SME M&A market could temporarily weaken because of economic conditions, natural disasters, pandemics and other factors, which could also affect our business performance.」
The market backdrop also cites an external estimate that, by 2025, the absence of succession plans could result in the loss of 1.27 million SME owners, 6.5 million jobs and ¥22 trillion in GDP.