Risk of acquisitions or business alliances failing to close or falling short of expected benefits
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, changes in the macroeconomic environment, industry trends and the business strategies of individual companies may affect the progress of capital and business alliances and their contribution to performance.」
The risk was reconfirmed that the progress of acquisitions and capital and business alliances, and their contribution to performance, may be affected by the external environment and changes in the partners' strategies. - FY2025RestatedAnnual report
「However, business acquisitions and alliances may not proceed smoothly, or may fail to deliver the benefits initially expected. In addition, if another company changes its business strategy, the Group may find it difficult to maintain its capital participation or business alliance relationships.」
The risks that acquisitions or alliances may not be completed, may fail to deliver the expected benefits, or may become difficult to maintain were reconfirmed. - FY2022RestatedAnnual report
「However, business acquisitions and alliances may not proceed smoothly, or may fail to deliver the benefits initially expected. In addition, if another company changes its business strategy, the Group may find it difficult to maintain its capital participation or business alliance relationships.」
The risks that acquisitions or alliances may not be completed, may fail to deliver the expected benefits, or may become difficult to maintain were reconfirmed. - FY2019RestatedAnnual report
「However, business acquisitions and alliances may not proceed smoothly, or may fail to deliver the benefits initially expected. In addition, if another company changes its business strategy, the Group may find it difficult to maintain its capital participation or business alliance relationships.」
The risks that acquisitions or alliances may not be completed, may fail to deliver the expected benefits, or may become difficult to maintain were reconfirmed. - FY2017RestatedAnnual report
「However, business acquisitions and alliances may not proceed smoothly, or may fail to deliver the benefits initially expected. In addition, if another company changes its business strategy, the Group may find it difficult to maintain its capital participation or business alliance relationships.」
The risks that acquisitions or alliances may not be completed, may fail to deliver the expected benefits, or may become difficult to maintain were reiterated. - FY2016First statedAnnual report
「However, business acquisitions and alliances may not proceed smoothly, or may fail to deliver the benefits initially expected.」
While positioning acquisitions and alliances as means of growth, the company stated the risk that they may not be completed or may fail to deliver the expected benefits.