Risk that the benefits of the business integration will not be fully realized
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2017: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「The benefits of the management integration initially anticipated may not be fully realised. As a result, the group’s operations, business performance and financial position may be affected.」
While the risk of insufficient integration benefits continued to be disclosed, the company also disclosed the realised revenue and cost synergies from the management integration. - FY2017-Q3RestatedAnnual report
「If the benefits of the management integration initially anticipated cannot be fully realised, this could consequently affect the group’s business performance and financial position.」
The risks of insufficient synergies and additional costs associated with the integration were reiterated. - FY2017-Q2RestatedAnnual report
「If the benefits of the management integration initially anticipated cannot be fully realised, this could consequently affect the group’s business performance and financial position.」
The risks of coordination and the sharing of management resources failing to produce the expected results, and of additional costs arising, were reiterated. - FY2017-Q1First statedAnnual report
「If the benefits of the management integration initially anticipated cannot be fully realised, this could consequently adversely affect the group’s business performance and financial position.」
Insufficient operational coordination, inadequate sharing of management resources and additional costs associated with the integration were listed as the main factors.