Risks Related to Post-Acquisition Integration and Synergy Realization
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Integrating multiple new businesses into the Company's operations through acquisitions and business alliances is a complex process requiring significant management attention and resources. If integration is not implemented effectively, it may also adversely affect the performance of existing businesses.」
The Company continues to explicitly identify the risks of post-acquisition integration, failure to achieve synergies, concentration of management resources arising from integration and impairment. - FY2024First statedAnnual report
「Integrating multiple new businesses into the Company's operations through acquisitions and business alliances is a complex process requiring significant management attention and resources. If integration is not implemented effectively, it may also adversely affect the performance of existing businesses.」
The Company explicitly identifies the risks that post-acquisition and post-alliance integration, failure to achieve expected synergies, changes in the business environment and goodwill impairment may affect performance, including that of existing businesses.