Inappropriate M&A Terms and Failure to Achieve Synergies
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2018: 13 of 79 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2022-Q1MitigatedAnnual report
「Before considering specific M&A or investment opportunities, relevant departments regularly exchange information and hold discussions to screen opportunities that align with each business strategy, and strive to avoid at an early stage opportunities likely to cause losses to the Group.」
Specific risk controls have been established for risks such as inappropriate M&A terms and failure to achieve synergies, including preliminary screening, due diligence, the use of external advisers, and monthly monitoring of performance after acquisitions. - FY2018RestatedAnnual report
「If an M&A transaction is not executed on appropriate terms, or if the synergies anticipated at the time of the transaction are not achieved, this could adversely affect the Group's business performance.」
The risk of an impact on business performance from inappropriate M&A terms or failure to achieve anticipated synergies continues. - FY2017First statedAnnual report
「If an M&A transaction is not executed on appropriate terms, or if the synergies anticipated at the time of the transaction are not achieved, this could adversely affect the Group's business performance.」
While using M&A as a means of pursuing its business strategy, the Group discloses inappropriate transaction terms and failure to achieve anticipated synergies as risks.