Failure to Achieve Synergies and Recover Investments from M&A and Capital Alliances
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
89 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「As a result, there is a risk that the expected synergies will not be achieved and that the company will be unable to recover sufficient value from its investments already made. If the businesses cannot be developed as originally expected, this may affect the company’s financial results and other aspects of its operations.」
The company continues to disclose the risk of failing to achieve synergies and recover investments in M&A and capital alliances. - FY2022First statedAnnual report
「However, due to changes in domestic and international economic conditions and other factors, the company may be unable to exercise sufficient control over the management, businesses and assets of companies with which it conducts M&A or capital alliances. As a result, there is a risk that the expected synergies will not be achieved and that the company will be unable to recover sufficient value from its investments already made. If the businesses cannot be developed as originally expected, this may affect the company’s financial results and other aspects of its operations.」
The company newly identifies as a risk in M&A and capital alliances the inability to exercise sufficient control over the target company, achieve the expected synergies, or recover its investment.