Risk of Unachieved Synergies and Financing After Joint Ventures, Investments and Acquisitions
First written in FY2022. 4 of 6 entries say "Restated". Latest entry: FY2026-H1.
ExaWizards moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
Stated that there had been no material changes regarding the risks of failure to realize synergies, impairment and financing following joint ventures, investments and acquisitions. - FY2025MaterialisedAnnual report
「During the third and fourth quarters of the current consolidated fiscal year, we recorded an impairment loss of ¥2,434 million. This resulted from reducing the carrying amounts of asset groups whose profitability had declined, including software assets held by us and goodwill and other assets arising when 株式会社スタジアム became part of the Group, to their recoverable amounts.」
Impairment arose on assets including goodwill following the acquisition of 株式会社スタジアム due to declining profitability, turning the post-acquisition synergy and investment recovery risks into actual losses. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there had been no material changes regarding the risks of failure to realize synergies or financing following joint ventures, investments and acquisitions. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Stated that there had been no material changes regarding the risks of failure to realize synergies or financing following joint ventures, investments and acquisitions. - FY2023RestatedAnnual report
「The possibility cannot be ruled out that differences may arise in the management policies of the parties after a joint venture begins, preventing the intended synergies from being achieved.」
Continues to disclose risks associated with joint ventures, investments and acquisitions, including failure to realize synergies, contingent liabilities, impairment and financing. - FY2022First statedAnnual report
「The possibility cannot be ruled out that differences may arise in the management policies of the parties after a joint venture begins, preventing the intended synergies from being achieved.」
Disclosed risks associated with joint ventures, investments and acquisitions, including due diligence, governance, financing, contingent liabilities and goodwill impairment.