Risk of Recovering Investments and Realizing Synergies from Capital Alliances and M&A
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2021-Q2.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risks of failing to achieve the planned business objectives or recover investments in connection with capital alliances and acquisitions. - FY2020-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risks of failing to achieve the planned business objectives or recover investments in connection with capital alliances and acquisitions. - FY2020-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risks of failing to achieve the planned business objectives or recover investments in connection with capital alliances and acquisitions. - FY2019-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risks of failing to achieve the planned business objectives or recover investments in connection with capital alliances and acquisitions. - FY2018MaterialisedAnnual report
「Goodwill arising from the acquisition of shares in Bacsoft, Ltd., a consolidated subsidiary of the company, was affected by delays relative to the initially formulated plan. Following careful consideration of the future business plan and the recoverable amount during the remaining amortization period of the goodwill, an impairment loss was recognized.」
The risk that planned business objectives or investment recovery in connection with capital alliances and acquisitions would not be achieved materialized in the form of delays to Bacsoft's plans and a ¥410 million impairment loss on goodwill. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risks of failing to achieve the planned business objectives or recover investments in connection with capital alliances and acquisitions. - FY2017First statedAnnual report
「However, the group's financial position and operating results may be affected if it becomes difficult to continue the relevant business due to significant changes in the market environment, if the expected synergies are not realized, or if it becomes difficult to recover the investment, among other circumstances.」
The company identifies changes in the market, failure to realize synergies and difficulty recovering investments as risks related to establishing subsidiaries, capital alliances, and mergers and acquisitions.