Failure to meet plans after partnerships and acquisitions
First written in FY2016. 17 of 20 entries say "Restated". Latest entry: FY2025.
Kikkoman moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
44 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Business profit deteriorated because the start of operations at the new manufacturing building was delayed and issues arose concerning the stable supply of some products.」
In connection with impairment risk if the expected benefits of an investment fail to materialize, the business plan was revised following delays in the start of operations at a new manufacturing building and challenges in ensuring stable supply, resulting in an impairment loss. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks of failure to achieve plans following alliances and acquisitions or of unrealized investment returns. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of failure to achieve plans following alliances and acquisitions or of unrealized investment returns. - FY2024-Q1RestatedAnnual report
「During the first quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks of failure to achieve plans following alliances and acquisitions or of unrealized investment returns. - FY2022RestatedAnnual report
「The Group has established decision-making guidelines and, when making investments above a certain level in new businesses, capital expenditures, M&A and other areas, makes decisions through resolutions of the Board of Directors after examining the return on investment and other factors. However, if the earnings or benefits expected when an investment was approved fail to materialize, the investment may be subject to impairment accounting, which may affect the Group’s operating results and financial position.」
The impairment risk arising from unrealized investment returns in new businesses, capital expenditures and M&A, and the review required under the decision-making guidelines, were reconfirmed. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of failure to achieve plans following alliances and acquisitions or of unrealized investment returns. - FY2021ReframedAnnual report
「The Group has established decision-making guidelines and, when making investments above a certain level in new businesses, capital expenditures, M&A and other areas, makes decisions through resolutions of the Board of Directors after examining the return on investment and other factors. However, if the earnings or benefits expected when an investment was approved fail to materialize, the investment may be subject to impairment accounting, which may affect the Group’s operating results and financial position.」
Rather than directly describing the risk of failure to achieve plans following alliances and acquisitions, the risk was organized as impairment risk arising from unrealized investment returns in new businesses, capital expenditures and M&A. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2019RestatedAnnual report
「The Group may enter into strategic alliances, including capital alliances and corporate acquisitions, to continue utilizing necessary external resources. However, if businesses following an alliance or acquisition fail to progress as initially planned, the Group’s operating results and financial position may be adversely affected.」
The possibility of continuing strategic alliances and corporate acquisitions, and the risk of failure to achieve plans following acquisitions, were reconfirmed. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the 1st quarter cumulative period. There were also no material changes to the risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of failure to achieve plans following alliances and acquisitions. - FY2016First statedAnnual report
「The Group may enter into strategic alliances, including capital alliances and corporate acquisitions, to continue utilizing necessary external resources. However, if businesses following an alliance or acquisition fail to progress as initially planned, the Group’s operating results and financial position may be adversely affected.」
While continuing to utilize external resources, the Group explicitly identified failure to achieve plans following alliances and acquisitions as a risk.