Risk of Contingent Liabilities Emerging and Synergies Falling Short After M&A
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In connection with M&A transactions, we conduct detailed due diligence on the target company's business plans, financial information, real estate, employment contracts and other matters.」
The risks of contingent liabilities after M&A and of failing to achieve synergies, as well as the response through due diligence and consideration by the Board of Directors, were reconfirmed. - FY2023RestatedAnnual report
「In connection with M&A transactions, we conduct detailed due diligence on the target company's business plans, financial information, real estate, employment contracts and other matters.」
The risks of contingent liabilities and unrecognised liabilities after M&A and of failing to achieve synergies, as well as the response through due diligence, were reconfirmed. - FY2021RestatedAnnual report
「However, after an M&A transaction, contingent liabilities, unrecognised liabilities and other matters may come to light. In addition, if the synergies initially anticipated are not achieved, this may affect our Group's operating results and financial position.」
The risks of contingent liabilities and unrecognised liabilities coming to light after M&A and of failing to achieve synergies were reconfirmed. - FY2018RestatedAnnual report
「After an M&A transaction, contingent liabilities, unrecognised liabilities and other matters may come to light. In addition, if the synergies initially anticipated are not achieved, this may affect our Group's operating results and financial position.」
The risks of contingent liabilities and unrecognised liabilities coming to light after M&A and of failing to achieve synergies were reconfirmed. - FY2017RestatedAnnual report
「However, after an M&A transaction, contingent liabilities, unrecognised liabilities and other matters may come to light. In addition, if the synergies initially anticipated are not achieved, this may affect our Group's operating results and financial position.」
The risks of contingent liabilities and unrecognised liabilities coming to light after M&A and of failing to achieve synergies were reconfirmed. - FY2016First statedAnnual report
「After an M&A transaction, contingent liabilities, unrecognised liabilities and other matters may come to light. In addition, if the synergies initially anticipated are not achieved, this may affect our Group's operating results and financial position.」
The company described risk mitigation through due diligence of financial information, real estate, employment contracts and other matters.