Risk of Post-Acquisition Business Integration Issues and Failure to Realize Acquisition Benefits
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026RestatedAnnual report
「When making corporate acquisitions, our group conducts due diligence when deciding to invest and works through PMI (the integration process) after the acquisition to launch the business at an early stage and establish management systems. However, the anticipated synergies and profits may not be realised.」
For the risks of post-acquisition integration and unrealised benefits, it explicitly identifies pre-investment due diligence and post-acquisition PMI to support an early business launch and establish management systems as countermeasures. - FY2023RestatedAnnual report
「In corporate acquisitions, we may face post-acquisition business integration risks arising from changes in laws and regulations, uncertainty about industry trends and differences in business practices. If the acquisition benefits or profits initially anticipated are not realised as a result, our group's operating results and financial condition could be adversely affected by such events as impairment of goodwill.」
While using corporate acquisitions to strengthen its business foundation, it continues to disclose the risks of integration, unrealised acquisition benefits and goodwill impairment. - FY2020RestatedAnnual report
「In corporate acquisitions, we may face post-acquisition business integration risks arising from changes in laws and regulations, uncertainty about industry trends and differences in business practices. If the acquisition benefits or profits initially anticipated are not realised as a result, our group's operating results and financial condition could be adversely affected by such events as impairment of goodwill.」
While using corporate acquisitions as a means of growth, it continues to disclose the risks of integration, unrealised acquisition benefits and goodwill impairment. - FY2019RestatedAnnual report
「In corporate acquisitions, we may face post-acquisition business integration risks arising from changes in laws and regulations, uncertainty about industry trends and differences in business practices. If the acquisition benefits or profits initially anticipated are not realised as a result, our group's operating results and financial condition could be adversely affected by such events as impairment of goodwill.」
While using M&A as a means of growth, it reconfirms the risks of post-acquisition integration, unrealised acquisition benefits and goodwill impairment. - FY2018RestatedAnnual report
「In corporate acquisitions, we may face post-acquisition business integration risks arising from changes in laws and regulations, uncertainty about industry trends and differences in business practices. If the acquisition benefits or profits initially anticipated are not realised as a result, our group's operating results and financial condition could be adversely affected by such events as impairment of goodwill.」
While using M&A, it reconfirms the risks of post-acquisition integration, unrealised acquisition benefits and goodwill impairment. - FY2016First statedAnnual report
「In corporate acquisitions, we may face post-acquisition business integration risks arising from changes in laws and regulations, uncertainty about industry trends and differences in business practices. If the acquisition benefits or profits initially anticipated are not realised as a result, our group's operating results and financial condition could be adversely affected by such events as impairment of goodwill.」
While identifying acquisitions as a means of growth, it explicitly describes the risks of integration and goodwill impairment.