Uncertainty over ski resort acquisition opportunities, terms, financing, and post-acquisition earnings
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
100 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
The uncertainties regarding acquisition opportunities, agreement on terms, financing, and the generation of earnings and cash flow after acquisitions have been reconfirmed. - FY2021RestatedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
The uncertainties regarding acquisition opportunities, agreement on terms, financing, and the generation of earnings and cash flow after acquisitions have been reconfirmed. - FY2020RestatedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
The uncertainties regarding acquisition opportunities, agreement on terms, financing, and the generation of earnings and cash flow after acquisitions have been reconfirmed. - FY2019RestatedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
The uncertainties regarding acquisition opportunities, agreement on terms, financing, and the generation of earnings and cash flow after acquisitions have been reiterated. - FY2018RestatedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
The uncertainties regarding acquisition opportunities, agreement on terms, financing, and the generation of earnings and cash flow after acquisitions have been reiterated. - FY2017First statedAnnual report
「Such acquisitions may give rise to issues such as those listed below. If the Group's acquisitions do not progress as expected, it may be unable to achieve its medium- to long-term growth targets.」
Insufficient acquisition opportunities, agreement on terms with owners, financing, and the generation of earnings and cash flow after acquisitions were explicitly identified as risks in executing M&A.