Execution Risks Relating to M&A, Business Alliances and Strategic Investments
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
88 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In implementing these initiatives, the Company proceeds cautiously after thoroughly analyzing risks including its business plan, market and technology trends, customer needs and the potential of the counterparty company.」
The Company reaffirmed its policy of proceeding cautiously with M&A, business alliances and strategic investments after analyzing its business plan, market and technology trends, customer needs and the counterparty companies. - FY2020First statedAnnual report
「The Group conducts M&A, business alliances and strategic investments to enter new business areas, acquire new technologies and strengthen the competitiveness of existing businesses, with the aim of achieving sustainable growth and enhancing corporate value over the medium to long term. However, significant changes in market conditions or an acquired business failing to progress as planned could delay or prevent the recovery of invested funds or result in additional costs, potentially materially affecting the Group’s performance and financial condition.」
While presenting M&A, business alliances and strategic investments as means of achieving growth, the Company newly identified delayed or unsuccessful recovery of investments and the incurrence of additional costs as major risks.