Risk of failure to achieve results and impairment following M&A and business and capital alliances
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2024: 40 of 92 companies on the "Worse" side.
- FY2021-Q3MaterialisedAnnual report
「As the originally anticipated earnings from the goodwill, technology assets and customer-related assets in the United States and the United Kingdom (formerly Future Logic) could no longer be expected, impairment losses were recognized for the full unamortized balances.」
As the earnings initially anticipated from the businesses acquired through M&A could no longer be expected, the full unamortized balances of the goodwill, technology assets and customer-related assets of former Future Logic were written down. - FY2018RestatedAnnual report
「The group positions M&A and business and capital alliances as one of its growth strategies and is actively considering and pursuing them. In implementing these measures, it conducts due diligence on the financial condition and business activities of the target companies」
The company has reiterated its policy of promoting M&A and business and capital alliances as a growth strategy and identifying risks through due diligence. - FY2017First statedAnnual report
「If the target company's performance deteriorates after implementation of these measures due to changes in the business environment or the occurrence of unforeseen contingent liabilities, and the results initially anticipated are not achieved, impairment losses on the equity valuation or goodwill may arise, potentially adversely affecting the operating results and financial position of the group.」
While promoting M&A and business and capital alliances as a growth strategy, the company has for the first time expressly identified post-transaction deterioration in performance, contingent liabilities, and impairment of goodwill and other assets as specific risks.