Uncertainty over the benefits of collaborations, strategic alliances and acquisitions
First written in FY2017. 3 of 6 entries say "Worsened", first in FY2019. Latest entry: FY2020-Q3.
Japan Display moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 5 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「Because Suwa had not made the investment by 31 December, the Board of Directors resolved at its meeting held on 8 January 2020, after the end of the nine-month period ended 31 December 2019, to cancel the third-party allotment to Suwa and terminated the capital and business alliance agreement with Suwa.」
The planned investment by the prospective investors in Suwa was not made, resulting in the cancellation of the Suwa private placement and the termination of the capital and business alliance agreement. The risk concerning the conditions for implementing the alliance and fundraising actually materialized. - FY2020-Q2WorsenedAnnual report
「On 26 September 2019, the Company received notification from Harvest Tech that Harvest Tech Overseas Fund, which it had established, would withdraw from the prospective investors in Suwa because a material difference of views had arisen between Harvest Tech and Suwa regarding corporate governance.」
Among the planned investors in Suwa, Harvest Tech Overseas Fund withdrew, in addition to TPK and the CGL group, which had already withdrawn. Discussions toward completing the investment are continuing, but the risks relating to the partnership and financing terms became more concrete. - FY2020-Q1WorsenedAnnual report
「With respect to the agreement referred to in (1) above, TPK, which had been scheduled to invest US$230 million, and the CGL Group, comprising Cosgrove Global Limited and Topnotch Corporate Limited, which had been scheduled to invest US$130 million, withdrew from the group of planned investors.」
TPK and the CGL group withdrew from the parties scheduled to invest in Suwa, and an agreement was subsequently reached to terminate the LCD Business Alliance Basic Agreement with TPK. The risks concerning the conditions for implementing collaboration and strategic partnerships became more concrete. - FY2019WorsenedAnnual report
「As of 12 April 2019, TPK, which had been scheduled to invest in Suwa with a planned investment of US$230 million, had notified the Company that it would withdraw as a prospective investor.」
With regard to the strategic partnership, circumstances arose requiring discussions on the withdrawal of the prospective investor and the treatment of the business alliance, bringing risks concerning the conditions for cooperation and the partnership into sharper focus. - FY2018RestatedAnnual report
「These collaborations, strategic alliances and acquisitions may become impossible to implement or maintain due to constraints on financing, changes in strategic objectives, business issues involving technology management or product development, regulatory issues such as licensing and approvals, or market fluctuations.」
The company reiterated the risks of being unable to implement or maintain collaborations, strategic alliances and acquisitions, or of achieving insufficient results from them. - FY2017First statedAnnual report
「These collaborations, strategic alliances and acquisitions may, due to constraints on financing, changes in strategic objectives, business issues involving technology management or product development, regulatory issues such as licensing and approvals, or market fluctuations, become impossible to implement or maintain despite the company's efforts.」
Regarding collaboration with external companies, strategic alliances and acquisitions, the Company stated that these initiatives might become impossible to implement or maintain, or might fail to produce sufficient results.