Unforeseen Risks Following M&A and Capital and Business Alliances
First written in FY2018. 13 of 15 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 9 of 29 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The explanation that there have been no material changes concerning unexpected risks after M&A and capital and business alliances continues to be provided. - FY2025-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. This is a general risk disclosure, with no quantified occurrence to report. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2022RestatedAnnual report
「When conducting M&A and similar transactions, the Group conducts detailed financial, tax, legal and business due diligence on the target company and seeks to reduce various risks. However, it may sometimes be difficult to reliably predict how the business conditions of investees and borrowers will affect the Group, and if the invested or loaned amounts cannot be recovered or impairment accounting becomes necessary, this may affect the Group's financial position and operating results.」
The policy of reducing risks through due diligence, and the risks of unrecovered invested or loaned amounts and impairment, continue to be disclosed. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2020WorsenedAnnual report
「The Group intends to continue expanding its business or securing personnel through M&A, capital and business alliances, and similar measures. When conducting M&A and similar transactions, the Group conducts detailed financial, tax, legal and business due diligence on the target company and seeks to reduce various risks. However, it may sometimes be difficult to reliably predict how the business conditions of investees and borrowers will affect the Group, and if the invested or loaned amounts cannot be recovered or impairment accounting becomes necessary, this may affect the Group's financial position and operating results.」
In addition to the previous disclosure concerning unexpected events after M&A, the potential impact channels of unrecovered invested or loaned amounts and impairment accounting have been specified. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes in unexpected risks after M&A and capital and business alliances. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure states that there have been no material changes concerning unexpected risks after M&A and capital and business alliances. - FY2019RestatedAnnual report
「The Group intends to continue expanding its business or securing personnel through M&A, capital and business alliances, and similar measures. When conducting M&A and similar transactions, the Group conducts detailed financial, tax, legal and business due diligence on the target company and seeks to reduce various risks. However, if events that were not identified or anticipated in these investigations are discovered or occur after the transaction, they may affect the Group's performance and business development.」
The policy of using M&A and capital and business alliances to expand the business and secure personnel, as well as the risks after execution, continues to be disclosed. - FY2018First statedAnnual report
「When conducting M&A and similar transactions, the Group conducts detailed financial, tax, legal and business due diligence on the target company and seeks to reduce various risks. However, if events that were not identified or anticipated in these investigations are discovered or occur after the transaction, they may affect the Group's performance and business development.」
The disclosure sets out a policy of reducing risks through due diligence, as well as the risk of events being discovered or occurring after the investigation.