Risk of Failure to Achieve Synergies and Integration Costs from the LINE Integration
First written in FY2021. 1 of 3 entries say "Worsened", first in FY2023. Latest entry: FY2024-Q1.
Ly moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 1 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the Group's financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in the annual securities report for the previous fiscal year, and no material changes to the section titled "Business and Other Risks" in that report.」
The company has reaffirmed its treatment of the risk of failure to realize synergies and integration costs from the LINE integration as involving no material changes. - FY2023WorsenedAnnual report
「If the originally anticipated effects of the merger cannot be fully realized, various risks could arise, including disruptions or delays in coordination among the services being developed, an impact on strategy and synergies, and group-company friction or merger-related confusion becoming a contributing factor in the occurrence of problems.」
The risk of failure to realize synergies after the LINE integration became more specific, encompassing delays in service coordination, confusion among group companies, and additional effects on performance and financial condition associated with the new merger targeted for completion during fiscal 2023. - FY2021First statedAnnual report
「Although we expect the effects of this business integration to increase our group's revenue and operating profit going forward, failure to fully realize the business integration effects originally anticipated could affect our group's operations, performance, and financial condition.」
The company newly specified the risks that post-integration collaboration, mutual use of management resources, infrastructure integration, and other initiatives may not proceed as expected, resulting in failure to realize synergies or additional costs.