Risk that the Acquired Business Will Not Develop as Planned
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 11 of 37 companies on the "Worse" side.
48 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「There may be cases where the expected synergies with the Group are not realized due to significant changes in the market or competitive environment, or where the business originally planned can no longer be developed as scheduled」
The company continues to identify the risks of unrealized synergies and failure to meet plans after M&A. - FY2019RestatedAnnual report
「If the acquired business is no longer able to develop as planned due to significant changes in the market or competitive environment」
The company continues to disclose the risk that the business may not develop as planned after M&A. - FY2018First statedAnnual report
「If the acquired business is no longer able to develop as planned due to significant changes in the market or competitive environment, this may affect the Group's results of operations and financial position.」
The disclosure identifies the risk that businesses acquired through M&A for expanding existing operations or entering new businesses may not develop as planned after the acquisition.