Risk of unforeseen liabilities after M&A and impairment of goodwill
First written in FY2016. 7 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 39 of 92 companies on the "Worse" side.
59 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「When conducting M&A transactions, the Company conducts detailed due diligence regarding the target company's financial condition, contractual relationships and other matters and seeks to avoid risks. However, due to time constraints and other factors, sufficient due diligence may not be possible, and risks such as contingent liabilities arising after an acquisition may remain.」
Due diligence in connection with M&A transactions and the risks associated with time constraints and contingent liabilities after an acquisition were reconfirmed. - FY2023RestatedAnnual report
「When conducting M&A, the company conducts detailed due diligence on the target company’s financial condition, contractual relationships and other matters and strives to avoid risks. However, sufficient due diligence may not be possible because of time constraints, and contingent liabilities may arise after the acquisition.」
Due diligence in connection with M&A transactions and the risks associated with time constraints and contingent liabilities after an acquisition were reconfirmed. - FY2022RestatedAnnual report
「When conducting M&A, the company conducts detailed due diligence on the target company’s financial condition, contractual relationships and other matters and strives to avoid risks. However, sufficient due diligence may not be possible because of time constraints, and contingent liabilities may arise after the acquisition.」
Due diligence in connection with M&A transactions and the risks associated with time constraints and contingent liabilities after an acquisition were reconfirmed. - FY2021RestatedAnnual report
「When conducting M&A, the company conducts detailed due diligence on the target company’s financial condition, contractual relationships and other matters and strives to avoid risks. However, sufficient due diligence may not be possible because of time constraints, and contingent liabilities may arise after the acquisition.」
Due diligence in connection with M&A transactions and the risks of contingent liabilities and other issues after an acquisition were reconfirmed. - FY2020RestatedAnnual report
「When conducting M&A, the company conducts detailed due diligence on the target company’s financial condition, contractual relationships and other matters and strives to avoid risks. However, sufficient due diligence may not be possible because of time constraints, and contingent liabilities may arise after the acquisition.」
The policy of conducting due diligence and the risks of contingent liabilities and other issues after an acquisition were reconfirmed. - FY2019RestatedAnnual report
「When considering M&A transactions, the Company conducts due diligence in advance regarding the target company's financial condition, contractual relationships and legal matters, and makes decisions after thoroughly examining the risks. However, if unforeseen liabilities arise after an acquisition, or if business development and other activities do not progress as initially planned, the Group may need to recognize an impairment loss on goodwill, potentially affecting its operating results and financial position.」
The policy of conducting due diligence and the risks of unforeseen liabilities after an acquisition, failure to meet plans and goodwill impairment were reconfirmed. - FY2018RestatedAnnual report
「When considering M&A transactions, the Company conducts due diligence in advance regarding the target company's financial condition, contractual relationships and legal matters, and makes decisions after thoroughly examining the risks. However, if unforeseen liabilities arise after an acquisition, or if business development and other activities do not progress as initially planned, the Group may need to recognize an impairment loss on goodwill, potentially affecting its operating results and financial position.」
The policy of conducting due diligence for M&A transactions and the risks of unforeseen liabilities after an acquisition, failure to meet plans and goodwill impairment were restated. - FY2016First statedAnnual report
「If unforeseen liabilities arise after an acquisition, or if business development and other activities do not progress as initially planned, the Group may need to recognize an impairment loss on goodwill, potentially affecting its operating results and financial position.」
In the previous fiscal year, the Company recorded an impairment loss of ¥187.926 million on goodwill related to rakumo.