Risks of inadequate integration and impairment involving acquired businesses
First written in FY2021. 7 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「However, if the activities of an acquired business or a capital alliance partner are not sufficiently aligned with the Group’s business strategy or management policies and fail to deliver the expected results, or if the performance of an investee deteriorates or the business environment changes, the Group’s business activities could be affected. In such cases, the Group’s operating performance could be affected through goodwill impairment, recognition of losses on equity-method investments, losses on the sale of businesses, and other expenses.」
Expands the description of factors affecting business acquisitions and capital alliances to include, in addition to failed integration of acquired businesses, strategic misalignment, deterioration in the performance of investees, and losses on equity-method investments. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, 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 new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Reconfirms that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Reconfirms that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Reconfirms that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no new developments or material changes in the existing risks related to failed integration or impairment of acquired businesses and other assets. - FY2021First statedAnnual report
「The Group may engage in business acquisitions, capital alliances, and other transactions to expand its businesses and promote technological development. However, if it cannot effectively integrate an acquired business or other asset into the Group’s business strategy, this could affect its business activities. In addition, impairment of goodwill, losses on the sale of businesses, and other expenses could affect the Group’s operating performance.」
For acquisitions and capital alliances intended to expand the business and promote technological development, the company has for the first time explicitly identified the risks of failure to integrate them into its strategy, goodwill impairment, and losses on the sale of businesses.