Execution Risk for Acquisitions, Alliances and Joint Development
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The specific content and results of the initiatives under the capital and business alliance depend on future discussions between the 2 companies, the business environment, progress in technology development, customer demand and other factors. There is no guarantee that the effects or synergies expected by the Company will be realized as anticipated or in a timely manner.」
Using the capital and business alliance with Onto Innovation as a specific example, the Group continues to identify the risk that results after an M&A transaction, alliance or joint development project may not be achieved as planned. The results of the specific alliance will depend on future discussions, technology development, customer demand and other factors. - FY2025First statedAnnual report
「If events that were not identified or anticipated during the preliminary investigation occur or become apparent after an M&A transaction, or if business development after the transaction does not proceed as planned and the expected results are not achieved, the development of new technologies and products may be delayed and impairment losses may be recognized, potentially adversely affecting the Group’s operating results and financial position.」
The disclosure identifies the possibility that unforeseen events may emerge after M&A or an alliance or joint development project, or that expected results may not be achieved as planned.