Uncertainties Related to Ecosystems, New Businesses and M&A
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 4 of 18 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The ecosystem initiative remains at an early stage and involves many uncertainties, including competition from competing services, profitability, regulatory risks, operational burdens and reputational impact」
The Group continues to face uncertainty regarding profitability, regulation and operational burdens associated with the ecosystem, new businesses, M&A and alliances. - FY2025RestatedAnnual report
「The ecosystem initiative remains at an early stage and involves many uncertainties, including competition from competing services, profitability, regulatory risks, operational burdens and reputational impact」
As new services and the ecosystem continue to expand, the Group continues to identify risks relating to uncertainty, profitability, regulation and operational burdens. - FY2021RestatedAnnual report
「The ecosystem initiative remains at an early stage and involves many uncertainties, including competition from competing services, profitability, regulatory risks, operational burdens and reputational impact,」
The Group continues to disclose the risks of uncertainty, failure to realise synergies, additional investment and impairment losses relating to the Mercari ID-centred ecosystem, new businesses and M&A. - FY2020MaterialisedAnnual report
「マイケル株式会社 recognised goodwill based on expected excess earnings at the time of its acquisition. However, after determining that achieving the initially projected earnings would be difficult, it recognised an impairment loss.」
The uncertainty surrounding expected returns and synergies from M&A materialised in an impairment loss of ¥922 million, including ¥845 million of goodwill related to マイケル株式会社. - FY2019RestatedAnnual report
「The Group also recognises M&A, joint ventures, capital and business alliances, and investment activities as effective means of expanding these business foundations and developing new businesses, and intends to continue considering them.」
The Group states that it will continue to consider M&A, joint ventures, capital and business alliances, and investment activities as means of expanding its ecosystem and new business foundations. - FY2018First statedAnnual report
「The ecosystem initiative remains at an early stage and involves many uncertainties, including competition from competing services, profitability, regulatory risks, operational burdens and reputational impact. Accordingly, the ecosystem may not develop as expected by the Group, and even if the Group builds the ecosystem, it may not be able to generate sufficient profits from it.」
The ecosystem and finance-related businesses remain at the initial planning and development stages, with profitability, regulation, operational burdens, reputation and synergies identified as areas of uncertainty.