Risk of failing to achieve expected results following M&A and capital and business alliances
First written in FY2017. 12 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026-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 company stated that there had been no material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2024WorsenedAnnual report
「The goodwill and customer-related assets in question may be affected by progress on the business plan as a result of changes in the future business environment and other factors. If the forecasts for future sales and operating profit, which are key assumptions incorporated into the business plan, decline and the excess earning power is deemed to have deteriorated, the amounts of goodwill and customer-related assets in the consolidated financial statements for the following fiscal year may be materially affected.」
The company specifically identified as an accounting risk the potential impact on the valuation of goodwill and customer-related assets arising from the acquisition of the Tescom Electric Group if forecasts for future sales and operating profit decline. - 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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results 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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2021-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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2020RestatedAnnual report
「However, following M&A and capital and business alliances, the group may fail to achieve the results it expects for any number of reasons.」
The company continues to describe the possibility of failing to achieve the expected results after M&A and capital and business alliances. - FY2020-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results 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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2019RestatedAnnual report
「However, following M&A and capital and business alliances, the group may fail to achieve the results it expects for any number of reasons.」
The company continues to describe the possibility of failing to achieve the expected results after M&A and capital and business alliances. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2019-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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2019-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 company stated that there had been no new occurrence or material change concerning the risk of failing to achieve the expected results after M&A and capital and business alliances. - FY2017First statedAnnual report
「However, following M&A and capital and business alliances, the group may fail to achieve the results it expects for any number of reasons.」
While continuing to use M&A and capital and business alliances as means of pursuing growth, the company describes as a standalone risk the possibility of failing to achieve the expected results after implementation.