Risk of failing to achieve the planned benefits after an M&A transaction
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2026.
Ochi Holdings 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: 38 of 92 companies on the "Worse" side.
47 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Regarding goodwill, because the excess earning power initially anticipated at consolidated subsidiary ㈱アイ・ビルド could no longer be expected, the entire unamortized balance of goodwill has been recognized as an impairment loss under extraordinary losses.」
The risk of failing to achieve the anticipated effects after M&A newly materialized as a full impairment of ¥113 million in goodwill at ㈱アイ・ビルド. - FY2025MaterialisedAnnual report
「Regarding goodwill, because the excess earning power initially anticipated at consolidated subsidiary TRESSA㈱ could no longer be expected, the entire unamortized balance of goodwill has been recognized as an impairment loss under extraordinary losses.」
The risk of failing to achieve the anticipated effects after M&A actually materialized as a full impairment of ¥46 million in goodwill at TRESSA㈱. - FY2024RestatedAnnual report
「However, if changes in market conditions or unforeseen circumstances thereafter prevent us from achieving the effects initially anticipated and cause the value of an acquired company to decline substantially, this could have a particularly material impact on our group's operating performance and other financial conditions.」
While expanding the business portfolio through M&A, the risk of failing to achieve the anticipated effects after an acquisition and seeing the company's value decline continues. - FY2018RestatedAnnual report
「Changes in market conditions or unforeseen circumstances thereafter could prevent us from achieving the effects initially anticipated, materially affecting our group's financial position and operating performance.」
The risk of failing to achieve the anticipated effects after M&A continues. - FY2017RestatedAnnual report
「When conducting M&A, we seek to avoid risks in advance by conducting due diligence on the target company's financial condition and other matters. However, changes in market conditions or unforeseen circumstances thereafter could prevent us from achieving the effects initially anticipated, materially affecting our group's financial position and operating performance.」
While M&A is used as a means of growth, the risk of failing to achieve the anticipated effects even after due diligence continues. - FY2016First statedAnnual report
「When conducting M&A, we seek to avoid risks in advance by conducting due diligence on the target company's financial condition and other matters. However, changes in market conditions or unforeseen circumstances thereafter could prevent us from achieving the effects initially anticipated, materially affecting our group's financial position and operating performance.」
While M&A is positioned as a growth strategy, the possibility of failing to achieve the expected effects due to changes in market conditions and other factors even after due diligence is stated.