Investment Recovery Risk, Including New Businesses and M&A
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
88 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「New businesses may not develop as planned due to unforeseen factors and other reasons. In addition, it is difficult to reliably predict the impact of investee businesses on the Group or the impact of new businesses on the Group. If unforeseen factors arise, the Group may be unable to recover its investment, which may materially affect its business and performance.」
The Company continues to identify the risks of failure to meet plans, difficulty predicting impacts and inability to recover investments relating to investments including new businesses and M&A. - FY2021MaterialisedAnnual report
「As a result, the Company determined that the business generated less synergy with the Group's other businesses, particularly its financial business, than initially expected, making it difficult to achieve the original purpose of acquiring shares in SUNTAC. In addition, given the management team's strong request to repurchase the shares, the Company decided to sell its shares in SUNTAC and make effective use of the funds.」
With regard to new investments and business expansion, the planned targets for SUNTAC were not met and synergies below expectations materialised, ultimately resulting in the sale of the shares. - FY2020RestatedAnnual report
「New businesses may not develop as planned due to unforeseen factors and other reasons. In addition, it is difficult to reliably predict the impact of investee businesses on the Group or the impact of new businesses on the Group. If unforeseen factors arise, the Group may be unable to recover its investment, which may materially affect its business and performance.」
The Company continues to identify the risks of failure to meet plans, difficulty predicting impacts and inability to recover investments relating to investments including new businesses and M&A. - FY2019RestatedAnnual report
「New businesses may not develop as planned due to unforeseen factors and other reasons. In addition, it is difficult to reliably predict the impact of investee businesses on the Group or the impact of new businesses on the Group. If unforeseen factors arise, the Group may be unable to recover its investment, which may materially affect its business and performance.」
The Company continues to identify the risks of failure to meet plans, difficulty predicting impacts and inability to recover investments relating to investments including new businesses and M&A. - FY2017RestatedAnnual report
「New businesses may not develop as planned due to unforeseen factors and other reasons. In addition, it is difficult to reliably predict the impact of investee businesses on the Group or the impact of new businesses on the Group. If unforeseen factors arise, the Group may be unable to recover its investment, which may materially affect its business and performance.」
The Company continues to identify the risks of failure to meet plans, difficulty predicting impacts and inability to recover investments relating to investments including new businesses and M&A. - FY2016First statedAnnual report
「New businesses may not develop as planned due to unforeseen factors and other reasons.」
With regard to new and investment businesses intended to diversify the earnings base, the Company identifies uncertainty regarding investment scale and the possibility of recovery.