Post-Acquisition Risks Related to Off-Balance-Sheet Liabilities, Corporate Culture and Systems Integration
First written in FY2016. 9 of 11 entries say "Restated". Latest entry: FY2026.
Medius Holdings 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".
- FY2026MaterialisedAnnual report
「The business plan was revised, mainly in the Tokyo metropolitan area, because the rate of increase in selling, general and administrative expenses affected by higher prices exceeded the plan and cash flow from the asset group fell below the initial plan.」
In connection with the risks of failing to meet the business plan after an acquisition and of realizing integration benefits, an impairment loss of ¥143.809 million was recognized on goodwill relating to アクティブメディカル, along with an impairment loss on goodwill relating to マコト医科精機. - FY2024RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger, which may affect the Group's earnings.」
The risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and systems integration after M&A continue to be described. - FY2022RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger, which may affect the Group's earnings.」
The continuing description covers the risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and systems integration after M&A. - FY2020RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits of M&A, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and systems integration after an acquisition. - FY2019RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and the integration of core systems and business processes after an acquisition continue to be described. - FY2019-Q3RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and the integration of core systems and business processes after M&A. - FY2019-Q2RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and the integration of core systems and business processes after an acquisition or merger. - FY2019-Q1RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks associated with off-balance-sheet liabilities, compliance, personnel and corporate culture, and systems integration after an acquisition. - FY2018RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks of off-balance-sheet liabilities, compliance, personnel, corporate culture and systems integration associated with M&A. - FY2017RestatedAnnual report
「Off-balance-sheet liabilities and compliance issues may arise after an acquisition or merger. In addition, if corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The continuing description covers the risks of off-balance-sheet liabilities, compliance, personnel, corporate culture and systems integration associated with M&A. - FY2016First statedAnnual report
「If corporate cultures and personnel exchanges cannot be integrated smoothly, resulting in employee departures or a failure to foster internal cohesion, or if the integration of core systems and business processes cannot be completed thoroughly, the expected benefits, including greater operating efficiency and synergies, may not be achieved.」
The integration challenges associated with promoting M&A are identified as off-balance-sheet liabilities, compliance, employee departures, and the integration of corporate cultures and systems.