Risk of Inability to Recover M&A Investments and Incurrence of Additional Costs
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
88 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, significant changes in the market or competitive environment, an acquired business's failure to develop as planned, inability to recover the funds invested or incurrence of additional costs may have a material impact on the group's business performance, growth outlook and business development.」
The company continues to identify the risks of an acquired business falling short of plan after M&A, failure to recover investments and incurrence of additional costs. - FY2021RestatedAnnual report
「In conducting M&A, we proceed after carefully considering market trends, the target company's performance, financial condition and market competitiveness, as well as synergies with the group's businesses. However, significant changes in the market or competitive environment, an acquired business's failure to develop as planned, inability to recover the funds invested or incurrence of additional costs may have a material impact on the group's business performance, growth outlook and business development.」
While using M&A as a continuing means of growth, the company continues to identify the risks of changes in the market and competitive environment, an acquired business falling short of plan, failure to recover investments and incurrence of additional costs. - FY2020RestatedAnnual report
「Since its establishment, the group has expanded its business by acquiring Web media platforms and content through M&A. In conducting M&A, it proceeds after carefully considering market trends, the target company's performance, financial condition and market competitiveness, as well as synergies with the group's businesses. However, significant changes in the market or competitive environment, an acquired business's failure to develop as planned, inability to recover the funds invested or incurrence of additional costs may have a material impact on the group's business performance, growth outlook and business development.」
While using M&A as a means of growth, the company continues to disclose the risks of changes in the market environment, an acquired business falling short of plan, failure to recover investments and incurrence of additional costs. - FY2018RestatedAnnual report
「If an acquired business fails to develop as planned, making it impossible to recover the funds invested, or if additional costs are incurred, this may have a material impact on the group's business performance, growth outlook and business development.」
While using M&A as a means of growth, the company continues to disclose the risks of an acquired business falling short of plan, failure to recover investments and incurrence of additional costs. - FY2017First statedAnnual report
「If an acquired business fails to develop as planned, making it impossible to recover the funds invested, or if additional costs are incurred, this may have a material impact on the group's business performance, growth outlook and business development.」
While using M&A as a means of growth, the company disclosed the risks of failing to recover investments and incurring additional costs if an acquired business falls short of plan.