Risk of Underperformance by Alliance and Investment Partners and Failure to Realize Synergies
First written in FY2016. 16 of 18 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2022RestatedAnnual report
「The Group plans to continue actively pursuing business alliances and similar arrangements to expand and stabilize its business. However, if the synergies initially anticipated by the Group do not materialize, or depending on the performance of companies with which it has business alliances or in which it has invested, the Group's performance could be affected.」
Reconfirms the policy of pursuing business alliances and similar arrangements, and the risk of an impact from synergies not materializing and the performance of alliance partners. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2021MaterialisedAnnual report
「Although the acquisition of 株式会社イーブ in April 2019 strengthened the development division, business synergies did not materialize, and we recognize that the results were insufficient.」
The previously identified risk of synergies not materializing with alliance and acquisition targets is described as an actual outcome in connection with the イーブ acquisition. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2020RestatedAnnual report
「The Group plans to actively pursue business alliances and other measures to expand and stabilize its businesses. However, the Group's performance could be affected if the synergies initially anticipated by the Group do not materialize or depending on the performance of companies with which it forms alliances or in which it invests.」
Restates the policy of pursuing business alliances and similar arrangements, and the risk of an impact from synergies not materializing and the performance of alliance partners. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2018RestatedAnnual report
「The Group plans to actively pursue business alliances and other measures to expand and stabilize its businesses. However, the Group's performance could be affected if the synergies initially anticipated by the Group do not materialize or depending on the performance of companies with which it forms alliances or in which it invests.」
Restates the policy of pursuing business alliances and similar arrangements, and the risks of synergies not materializing and of the performance of alliance and investee companies. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are reported regarding the performance of alliance and investee companies and the risk of synergies not materializing. - FY2017RestatedAnnual report
「If the synergies initially anticipated by the Group do not materialize, or depending on the performance of companies with which it has business alliances or in which it has invested, the Group's performance could be affected.」
Restates the risks of the performance of alliance and investee companies and synergies not materializing. - FY2016First statedAnnual report
「If the synergies initially anticipated by the Group do not materialize, or depending on the performance of companies with which it has business alliances or in which it has invested, the Group's performance could be affected.」
Alongside its policy of actively pursuing business alliances and similar arrangements, the Group identifies the failure of synergies to materialize and the performance of counterparties as risks.