Risk of Post-Acquisition Business Development and Declining Profitability
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「However, if unforeseen circumstances arise after an acquisition or market conditions change significantly, preventing the acquired business from developing as planned and causing its profitability to decline substantially, this could have a significant impact on the performance and growth outlook of our group, as well as its business development.」
The company reiterates the risks of unforeseen circumstances after an M&A transaction, market changes, and declining profitability of the acquired business. - FY2017First statedAnnual report
「If unforeseen circumstances arise after an acquisition or market conditions change significantly, preventing the acquired business from developing as planned and causing its profitability to decline substantially, this could have a significant impact on the performance and growth outlook of our group, as well as its business development.」
The company identifies for the first time, as an independent risk, unforeseen circumstances after an M&A transaction, market changes, and declining profitability of the acquired business.