Failure to achieve the expected benefits of business acquisitions, business alliances and joint ventures
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 29 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company may undertake business acquisitions, business alliances, joint ventures and similar transactions. In making these decisions, it will conduct thorough investigations into the economic value and the counterparty. However, business activities involve various unforeseeable uncertainties, and if the expected benefits are not achieved, this may affect the company's performance and financial position.」
The company continues to disclose its due diligence policy for acquisitions, alliances and joint ventures and the possibility that the expected benefits may not be achieved. - FY2024RestatedAnnual report
「The company may undertake business acquisitions, business alliances, joint ventures and similar transactions. In making these decisions, it will conduct thorough investigations into the economic value and the counterparty. However, business activities involve various unforeseeable uncertainties, and if the expected benefits are not achieved, this may affect the company's performance and financial position.」
The company continues to identify its due diligence policy for acquisitions, alliances and joint ventures and the possibility that the expected benefits may not be achieved. - FY2023RestatedAnnual report
「The company may undertake business acquisitions, business alliances, joint ventures and similar transactions. In making these decisions, it will conduct thorough investigations into the economic value and the counterparty. However, business activities involve various unforeseeable uncertainties, and if the expected benefits are not achieved, this may affect the company's performance and financial position.」
The company continues to identify its policy of conducting due diligence for acquisitions, alliances and joint ventures, as well as the possibility that the expected benefits may not be achieved. - FY2022First statedAnnual report
「The company may undertake business acquisitions, business alliances, joint ventures and similar transactions. In making these decisions, it will conduct thorough investigations into the economic value and the counterparty. However, business activities involve various unforeseeable uncertainties, and if the expected benefits are not achieved, this may affect the company's performance and financial position.」
While stating its policy of conducting due diligence, the company discloses the possibility that acquisitions, alliances and joint ventures may fail to produce the expected benefits.