Risk of Failure to Achieve Synergies Associated with Corporate Acquisitions, Business Acquisitions and Capital Alliances

「The Company and its subsidiaries may carry out corporate acquisitions, business acquisitions, capital alliances and other transactions in Japan and overseas to expand their businesses and strengthen their competitiveness. Although the Company conducts sufficient investigations and considers the risks when undertaking these transactions, failure to obtain the synergies or other benefits initially expected, or the occurrence or discovery of unforeseen new problems, may affect the operating results of the Company and its subsidiaries.」