Risks of Contingent Liabilities and Goodwill Impairment Following an M&A Transaction

「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」

「Our group plans to conduct M&A transactions in Japan and overseas to enter growth markets, acquire new customers, and obtain related technologies, positioning these activities as an important management strategy. However, contingent liabilities may arise or unrecognized liabilities may be discovered after an acquisition, potentially affecting the financial position and operating results of our group.」