Risk of Failing to Achieve Management Integration Synergies and Execute the Integration
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2017: 1 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「We generated ¥122.5 billion in integration synergies, exceeding the ¥100 billion target set in the First Medium-Term Management Plan.」
Because integration synergies exceeded the target, the risk of failing to achieve the anticipated benefits is described as reduced in this filing. - FY2018RestatedAnnual report
「However, if our Group is unable to address the various challenges it faces in the integration, the anticipated integration benefits may not be achieved.」
The integration of organizations, corporate cultures and business processes, rationalization of overlapping assets, allocation of management resources, migration to common information systems, and development of internal controls continue to be described as challenges to achieving the integration benefits. - FY2017First statedAnnual report
「On 1 April 2017, we completed a management integration with TonenGeneral Sekiyu Co., Ltd. and are working to realize synergies and achieve thorough cost reductions. However, if our Group is unable to address the various challenges it faces in the integration, the anticipated integration benefits may not be achieved.」
The integration of organizations, corporate cultures and business processes, rationalization of overlapping assets, migration to common information systems, and development of internal controls are listed as challenges to achieving the integration benefits.