Failure to Achieve Expected Benefits from Capital Investment and M&A
First written in FY2022. 1 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For capital investment, the Company evaluates the necessity of the investment, its expected benefits and recoverability, while for M&A it conducts detailed due diligence on the target company’s business, financial condition and legal matters, among others.」
The risk of failing to achieve the expected benefits from capital investment and M&A, and the policy of mitigating it through investment evaluation and due diligence, remain in place. - FY2024MitigatedAnnual report
「For capital investment, the Company plans to evaluate the necessity of the investment, its expected benefits and recoverability. For M&A, it plans to reduce various risks by conducting detailed due diligence on the target company’s business, financial condition and legal matters, among others.」
The Company specified evaluating the benefits and recoverability of capital investment and conducting detailed due diligence in M&A as measures to address the risk of failing to achieve the expected investment benefits. - FY2022First statedAnnual report
「The Group regards capital investment and M&A as effective means of increasing production capacity and improving productivity and plans to undertake them as necessary. However, if unforeseen events occur after implementation or business development does not proceed as planned, the expected contribution to results may not be achieved.」
While capital investment and M&A are used to increase production capacity and productivity, unforeseen events after implementation and failure to proceed as planned are identified as risks that the expected investment benefits may not be achieved.