Risk of M&A benefits being diluted by tax and legal reforms
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022RestatedAnnual report
「If government policies, such as tax reforms, diminish the benefits of using M&A, they may negatively affect our group’s performance through a decline in the number of M&A transactions and other factors.」
The company continues to disclose the risk that tax reforms and other changes will diminish the benefits of using M&A, affecting the number of M&A transactions and performance. - FY2020RestatedAnnual report
「In addition, if government policies, such as tax reforms, diminish the benefits of using M&A, they may affect our group’s performance.」
The company continues to disclose the risk that tax reforms and other changes will diminish the benefits of M&A as a means of business succession. - FY2019RestatedAnnual report
「In addition, if government policies, such as tax reforms, diminish the benefits of using M&A, they may affect our group’s performance.」
The company continues to disclose the risk that tax reforms and other changes will diminish the benefits of using M&A. - FY2018RestatedAnnual report
「If tax reforms or other government measures diminish the benefits of using M&A as a means of business succession in the future, they may affect our group’s performance.」
The company reiterates the risk that tax reforms and other changes will diminish the benefits of M&A as a means of business succession. - FY2017RestatedAnnual report
「If tax reforms or other government measures diminish the benefits of using M&A as a means of business succession in the future, they may affect our group’s performance.」
The company continues to disclose the risk that tax reforms and other changes will diminish the benefits of M&A as a means of business succession. - FY2016First statedAnnual report
「If tax reforms or other government measures diminish the benefits of using M&A as a solution for business succession in the future, they may affect the company’s performance.」
Given the industry’s susceptibility to the Companies Act and tax laws, the company identifies a decline in the benefits of M&A resulting from tax reforms and other changes as a risk.