Single-Business Dependence on M&A-Related Services
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: 2026-04-30.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- 2026-04-30AdvancedResults briefing materials
「The company is actively considering “M&A strategies” and “partnership strategies” that will contribute to an increase in consolidated profit.」
While maintaining its focus on existing M&A-related services, the company has specified a policy of considering M&A, capital alliances and business alliances to acquire capabilities, enhance brand strength and generate reciprocal referrals. - FY2023Explicit consideration of acquisitions of peripheral businessesAnnual report
「At present, we believe that focusing on the M&A brokerage and advisory businesses is the best course of action. However, to identify changes in the external environment, such as changes in the market and legal systems, in a timely manner, we have established a framework under which management meetings attended by directors and department heads and above are held regularly to report on sales activities and share the latest developments in various legal systems. We will also consider acquiring peripheral businesses through M&A when appropriate.」
As a response to the risk of dependence on a single business, the company explicitly stated its policy of maintaining its focus on M&A brokerage and advisory services while considering acquisitions of peripheral businesses when appropriate. - FY2022RestatedAnnual report
「However, if there is a significant change in the economic environment related to M&A, a decline in demand caused by a major incident, accident, or disaster serious enough to become a social issue, or any other event that has a substantial impact on the M&A-related services business, the risk of dependence on a single business may emerge and affect the performance of our group.」
The company continues to disclose the risk of weak demand resulting from economic conditions, incidents, accidents, and disasters in connection with its concentration in the M&A-related services business. - FY2020RestatedAnnual report
「However, if there is a significant change in the economic environment related to M&A, a decline in demand caused by a major incident, accident, or disaster serious enough to become a social issue, or any other event that has a substantial impact on the M&A-related services business, the performance of our group may be affected.」
The company continues to disclose the risk of weak demand resulting from changes in the economic environment, incidents, accidents, and disasters in connection with its concentration in the M&A-related services business. - FY2019RestatedAnnual report
「However, if there is a significant change in the economic environment related to M&A, a decline in demand caused by a major incident, accident, or disaster serious enough to become a social issue, or any other event that has a substantial impact on the M&A-related services business, the performance of our group may be affected.」
The company continues to disclose the risks of economic conditions, incidents, accidents, and disasters that could reduce demand as risks associated with its concentration in the M&A-related services business. - FY2018RestatedAnnual report
「However, if there is a significant change in the economic environment related to M&A, a decline in demand caused by a major incident, accident, or disaster serious enough to become a social issue, or any other event that has a substantial impact on the M&A-related services business, the performance of our group may be affected.」
The company continues to disclose economic conditions, incidents, accidents, and disasters that could reduce demand for M&A as risks associated with its concentration in the M&A-related services business. - FY2017First statedAnnual report
「However, if there is a significant change in the economic environment related to M&A, a decline in demand caused by a major incident, accident, or disaster serious enough to become a social issue, or any other event that has a substantial impact on the M&A-related services business, the performance of our group may be affected.」
Because the company specializes in related services such as M&A brokerage and advisory services, it has disclosed for the first time, as a standalone risk, economic conditions, incidents, or disasters that could significantly reduce demand for M&A.