Risk of Missing Post-M&A Plans and Impairment
First written in FY2023. 5 of 6 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material change was reported regarding failure to meet plans and impairment risk following M&A. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material change was reported regarding failure to meet plans and impairment risk following M&A. - FY2024RestatedAnnual report
「Business development after an M&A transaction may not proceed as planned. In that case, the Group may not obtain the expected contribution to performance, and impairment of the investment value of the target company may become necessary.」
While expanding the use of M&A, the Group continues to address the risks of failing to meet plans and impairment through due diligence. - FY2024-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
No material change was reported regarding failure to meet plans and impairment risk following M&A. - FY2024-Q1RestatedAnnual report
「During the three months ended 31 May 2024, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
No material change was reported regarding failure to meet plans and impairment risk following M&A. - FY2023First statedAnnual report
「Business development after an M&A transaction may not proceed as planned. In that case, the Group may not obtain the expected contribution to performance, and impairment of the investment value of the target company may become necessary.」
Aims to reduce risk through due diligence while positioning M&A as a means of acquiring customers and technologies and growing the business.