Post-Acquisition Integration and Contingent Liability Risks
First written in FY2016. 13 of 15 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「当社グループの成長戦略の実行に向けて、既存サービスの拡充、関連技術の獲得、人材の獲得や新規サービスの展開、その他戦略上重要な資産の獲得等を目的とした、積極的な買収(M&A)や合弁事業の展開を経営の重要課題として位置付けています。」
海外事業の非継続事業化後も、M&A・合弁事業に伴う偶発債務、統合不全、キーマン離職、投資回収不能等のリスクを継続して記載している。 - FY2025-H1DroppedAnnual report
「当社グループの成長戦略の実行に向けて、既存サービスの拡充、関連技術の獲得、人材の獲得や新規サービスの展開、その他戦略上重要な資産の獲得等を目的とした、積極的な買収(M&A)や合弁事業の展開を経営の重要課題として位置付けています。」
M&A・出資に伴うリスクの記載が、海外事業の非継続事業化に伴う削除対象として示されている。 - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2018RestatedAnnual report
「買収後に偶発債務の発生や未認識債務が判明する可能性も否定できません。また、被買収企業の情報システム又は内部統制システム等との融合が進まない可能性」
M&Aを継続する方針と、デューディリジェンスの限界、買収後のシステム・内部統制統合、役職員・顧客流出リスクを継続している。 - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2018-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2017-Q3RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて重要な変更がないとしている。 - FY2017-Q1RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて、重要な変更がないと明記している。 - FY2016-Q4RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
買収後の統合・偶発債務リスクについて、重要な変更がないと明記している。 - FY2016-Q3RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
前年度有価証券報告書記載のリスクについて、重要な変更がないと明記している。 - FY2016First statedAnnual report
「The possibility that contingent liabilities may arise or previously unrecognized liabilities may be identified after an acquisition cannot be ruled out. There is also a possibility that the acquired company’s information systems or internal control systems may not be successfully integrated, or that its officers, employees or customers may be lost as a result of the acquisition.」
Describes post-acquisition risks relating to due diligence, integration of information systems and internal controls, and retention of officers, employees and customers.