Risks of Contingent Liabilities and Failure to Meet Business Plans After M&A
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「When conducting M&A transactions, we perform prior due diligence on the target company’s finances, legal matters and business, and make decisions after carefully examining the risks. However, if problems arise after the acquisition, such as contingent liabilities that could not be identified through the prior investigation, or if business development and other activities do not proceed as planned, the Group’s financial position and operating results may be affected.」
While using M&A as a means of expanding the seafood and other businesses, the Company continues to disclose the risks of contingent liabilities that cannot be identified through due diligence and failure to meet business plans. - FY2022First statedAnnual report
「When conducting M&A transactions, we perform prior due diligence on the target company’s finances, legal matters and business, and make decisions after carefully examining the risks. However, if problems arise after the acquisition, such as contingent liabilities that could not be identified through the prior investigation, or if business development and other activities do not proceed as planned, the Group’s financial position and operating results may be affected.」
With the policy of using M&A as a means of expanding and differentiating the business, contingent liabilities after acquisitions and failure to meet business plans were identified as new risks.