Risks relating to opportunities and realization of benefits from business alliances, M&A and joint ventures
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 9 of 29 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group is constantly considering the possibility of business alliances, mergers and acquisitions, and joint ventures, including large-scale or highly significant transactions. In fact, some of the Group's overseas subsidiaries include joint ventures with local partners.」
The company continues to describe the uncertainties involved in identifying opportunities, reaching agreements and raising funds for business alliances, mergers and acquisitions, and joint ventures, as well as the possibility that expected benefits may not be realized after execution. - FY2020RestatedAnnual report
「The Group is constantly considering the possibility of business alliances, mergers and acquisitions, and joint ventures, including large-scale or highly significant transactions. In fact, some of the Group's overseas subsidiaries include joint ventures with local partners.」
The company continues to describe the uncertainties involved in identifying opportunities, reaching agreements and raising funds for business alliances, mergers and acquisitions, and joint ventures, as well as the possibility that expected benefits may not be realized after execution. - FY2019RestatedAnnual report
「The Group is constantly considering the possibility of business alliances, mergers and acquisitions, and joint ventures, including large-scale or highly significant transactions. In fact, some of the Group's overseas subsidiaries include joint ventures with local partners.」
The company continues to describe the uncertainties involved in identifying opportunities, reaching agreements and raising funds for business alliances, mergers and acquisitions, and joint ventures, as well as the possibility that expected benefits may not be realized after execution. - FY2018First statedAnnual report
「The Group is constantly considering the possibility of business alliances, mergers and acquisitions, and joint ventures, including large-scale or highly significant transactions. However, it is uncertain whether the Group will be able to identify suitable opportunities, reach agreements with counterparties, or raise the necessary funds.」
The company newly describes the uncertainties involved in identifying opportunities, reaching agreements and raising funds for business alliances, mergers and acquisitions, and joint ventures, as well as the possibility that expected benefits may not be realized after execution.