Decline in Investment Value and Partner Misalignment in Corporate Acquisitions and Capital Alliances
First written in FY2020. 1 of 4 entries say "Restated". Latest entry: 2026-04-28.
Denso moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes relating to the risks of declining investment value and misalignment with partners in acquisitions and capital alliances. - FY2020First statedAnnual report
「If the value of an investee company declines or a disagreement arises with an alliance partner over strategy or priorities, the company may be unable to obtain returns commensurate with its investment, making recovery of the investment amount difficult and potentially adversely affecting the performance and financial position of the consolidated companies.」
The company discloses as separate risks the difficulty of recovering investments as acquisitions and capital alliances expand and policy disagreements with alliance partners.