M&A and PMI Risks
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If issues that the Group could not identify in advance become apparent after M&A or similar transactions, if management or integration of acquired companies or businesses does not proceed as planned, if a business requiring licenses and approvals is acquired through a business transfer but the required approvals cannot be obtained afterward, or if expected synergies fail to materialize and strategic objectives are not achieved, the Group's business, operating results or financial condition could be adversely affected.」
Previously unidentified issues after M&A, integration delays, failure to obtain licenses and approvals, and failure to achieve synergies continue to be disclosed as key risks. - FY2024First statedAnnual report
「If issues that the Group could not identify in advance become apparent after M&A or similar transactions, if management or integration of acquired companies or businesses does not proceed as planned, if a business requiring licenses and approvals is acquired through a business transfer but the required approvals cannot be obtained afterward, or if expected synergies fail to materialize and strategic objectives are not achieved, the Group's business, operating results or financial condition could be adversely affected.」
Potential risks include previously unidentified issues after M&A, integration delays, failure to obtain licenses and approvals, and failure to achieve synergies.