Risks of Unrealized Synergies and Impairment in M&A Transactions and Capital and Business Alliances
First written in FY2021-Q2. 6 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2025RestatedAnnual report
「We will address these risks by conducting thorough due diligence before making investments and carefully examining the reasonableness of the business plans.」
The company has reconfirmed the risks associated with M&A and capital and business alliances, including failure to meet plans, contingent liabilities and difficulty recovering invested capital, and the measures taken through due diligence and other procedures. - FY2024RestatedAnnual report
「We will address these risks by conducting thorough due diligence before making investments and carefully examining the reasonableness of the business plans.」
The company has reconfirmed the risks associated with M&A and capital and business alliances, including failure to meet plans, contingent liabilities and difficulty recovering invested capital, and the measures taken through due diligence and other procedures. - FY2023RestatedAnnual report
「We will address these risks by conducting thorough due diligence before making investments and carefully examining the reasonableness of the business plans.」
The company has reconfirmed the risks associated with M&A and capital and business alliances, including failure to meet plans and difficulty recovering invested capital, and the measures taken through due diligence and other procedures. - FY2022RestatedAnnual report
「We will address these risks by conducting thorough due diligence before making investments and carefully examining the reasonableness of the business plans.」
The company has reconfirmed the risks associated with M&A and capital and business alliances, including contingent liabilities, unrecognized liabilities, failure to meet plans and difficulty recovering invested capital, and the measures taken through due diligence. - FY2021RestatedAnnual report
「Although we conduct detailed due diligence in advance on the financial condition and contractual relationships of target companies and proceed only after thoroughly examining the risks, the timing and likelihood of such events are unknown. If problems that could not be identified through prior investigations arise, such as contingent liabilities at a target company or the discovery of previously unrecognized liabilities, or if business development does not proceed as planned, we may have difficulty recovering the capital invested.」
The company has reiterated the risks associated with M&A and capital and business alliances, including contingent liabilities, unrecognized liabilities, failure to meet plans and difficulty recovering invested capital, as well as its prior due diligence procedures. - FY2021-Q3RestatedAnnual report
「In the event of an acquisition or capital alliance, if the synergies initially anticipated do not materialize, or if impairment becomes necessary due to a deterioration in the earnings outlook of the acquisition or capital alliance partner, this could affect the Group’s performance.」
The company has reiterated the risk that unrealized anticipated synergies in M&A and capital alliances, deterioration in the profitability of alliance partners, and impairment could affect business performance. - FY2021-Q2First statedAnnual report
「In the event of an acquisition or capital alliance, if the synergies initially anticipated do not materialize, or if impairment becomes necessary due to a deterioration in the earnings outlook of the acquisition or capital alliance partner, this could affect the Group’s performance.」
The company has for the first time identified the unrealization of anticipated synergies in M&A and capital alliances, as well as impairment arising from deterioration in the profitability of alliance partners, as factors that could affect business performance.