Risk of failure to achieve post-acquisition synergies
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The company seeks to identify risks in advance by conducting business, legal and financial due diligence on target companies. However, if unforeseen liabilities or other issues arise after an acquisition, or if the Group fails to achieve sufficient results from the initially projected group synergies due to changes in the management or business environment, the Group’s performance could be affected.」
While conducting due diligence before acquisitions, the company continues to identify the risks of unforeseen liabilities after acquisitions and failure to achieve synergies. - FY2019RestatedAnnual report
「The company seeks to identify risks in advance by conducting business, legal and financial due diligence on target companies. However, if unforeseen liabilities or other issues arise after an acquisition, or if the Group fails to achieve sufficient results from the initially projected group synergies due to changes in the management or business environment, the Group’s performance could be affected.」
While conducting due diligence before acquisitions, the company continues to disclose the risks of unforeseen liabilities after acquisitions and failure to achieve synergies. - FY2017First statedAnnual report
「If unforeseen liabilities or other issues arise after an acquisition, or if the Group fails to achieve sufficient results from the initially projected group synergies due to changes in the management or business environment, the Group’s performance could be affected.」
The company identifies unforeseen liabilities following acquisitions and the possibility of failing to achieve the expected group synergies as risks.