Failure to Meet Plans and Business Problems Associated with an M&A Transaction
First written in FY2026. 2 of 3 entries say "Materialised", first in FY2026. Latest entry: FY2027-H1.
Jason moved to the "Worse" side of this theme in 2026, 2 years 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".
- FY2027-H1MaterialisedAnnual report
「On the earnings side, profit declined year on year due to a decrease in gross profit accompanying lower sales, as well as M&A-related expenses and the inclusion of expenses from 株式会社サンモール.」
The Company states that M&A-related expenses, including those associated with サンモール, and the inclusion of subsidiary expenses were reflected in actual interim results as factors behind the year-on-year decline in profit. - 2026-10-13RestatedEarnings presentation
「サンモールの収益改善に時間を要し、期初計画に届かず。」
サンモールの収益改善に時間を要し、当第2四半期累計期間の業績が期初計画に届かなかったと記載している。 - FY2026MaterialisedAnnual report
「The company positions M&A as one effective means of expanding its business in the future and made サンモール a consolidated subsidiary during the fiscal year. It plans to pursue M&A as necessary going forward. However, there are potential risks that the results anticipated at the time of an M&A transaction may fail to progress as planned due to changes in the business environment or other factors, or that unforeseen business issues may arise.」
The company states that a discrepancy arose between the initial earnings plan for サンモール and actual results, and that it recorded an impairment loss of ¥292,064 thousand on goodwill and certain property, plant and equipment, demonstrating that a shortfall against plan and business issues associated with the M&A actually occurred.