Risks Related to M&A Funding Requirements, Goodwill Impairment and Other Matters
First written in FY2022. 6 of 9 entries say "Restated". Latest entry: FY2026.
Artner moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the company determined that indicators of impairment existed because a relatively large portion of the acquisition cost had been allocated to goodwill. However, because undiscounted future cash flows exceeded the carrying amount of the fixed assets in the asset group including goodwill, the company determined that recognition of an impairment loss was unnecessary.」
The company recognized ¥1,519.366 million in goodwill from the acquisitions of 2 companies and identified indicators of impairment, but did not record an impairment loss during the consolidated fiscal year. The monetary exposure to goodwill and impairment risks associated with M&A has become specific. - FY2025WorsenedAnnual report
「When M&A adds a new business that the company has not previously operated, risks specific to that business will also arise.」
In addition to the existing risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies, the company explicitly stated that risks specific to new businesses in which it has no prior experience may also arise. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new business risks or significant changes to the business risks described in the Securities Report for the previous fiscal year.」
The company states that there have been no material changes in the risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies. - FY2023RestatedAnnual report
「M&A may generate funding needs and goodwill amortization. In addition, the transactions may not necessarily produce synergies as expected, and if operating results do not progress as anticipated due to significant changes in the operating environment or business conditions, the company’s financial condition and operating results may be affected by impairment losses on goodwill, valuation losses on shares and other factors.」
The company continues to identify risks associated with M&A, including funding needs, goodwill impairment, failure to realize synergies and valuation losses on shares. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risks associated with M&A, including funding needs, goodwill impairment and failure to realize synergies. - FY2022First statedAnnual report
「M&A may generate funding needs and goodwill amortization. In addition, the transactions may not necessarily produce synergies as expected, and if operating results do not progress as anticipated due to significant changes in the operating environment or business conditions, the company’s financial condition and operating results may be affected by impairment losses on goodwill, valuation losses on shares and other factors.」
The company describes funding needs, goodwill amortization, failure to realize synergies, and the possibility of goodwill impairment losses and valuation losses on shares as new risks associated with M&A.