Unexpected Issues and Failed Integration Following M&A
First written in FY2019. 16 of 17 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 and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, 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.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2022RestatedAnnual report
「Following an M&A transaction, matters that the Group could not have identified in advance may come to light, or problems may become apparent. If the management or development of an acquired company or business fails to proceed as planned for any reason, this may affect the Group's operating performance and financial position.」
Continues to disclose the risks of unexpected matters after M&A and unsuccessful development of acquired businesses, along with mitigation measures through due diligence. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, 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.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2021RestatedAnnual report
「Following an M&A transaction, matters that the Group could not have identified in advance may come to light, or problems may become apparent. If the management or development of an acquired company or business fails to proceed as planned for any reason, this may affect the Group's operating performance and financial position.」
Continues to disclose the risks of unexpected matters after M&A and unsuccessful integration or development. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
Summary disclosure stating that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2020RestatedAnnual report
「Following an M&A transaction, matters that the Group could not have identified in advance may come to light, or problems may become apparent. If the management or development of an acquired company or business fails to proceed as planned for any reason, this may affect the Group's operating performance and financial position.」
Continues to disclose the risks of unexpected matters after M&A and unsuccessful integration or development. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, 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.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding unexpected matters and unsuccessful integration after M&A. - FY2019First statedAnnual report
「Following an M&A transaction, matters that the Group could not have identified in advance may come to light, or problems may become apparent. If the management or development of an acquired company or business fails to proceed as planned for any reason, this may affect the Group's operating performance and financial position.」
While conducting due diligence to mitigate risk, the disclosure describes risks after implementation when considering the acquisition of subsidiaries or businesses as measures to complement and strengthen the business.