Risk of Failure to Meet Plans Due to Changes in the External Environment and M&A Execution
First written in FY2021. 5 of 11 entries say "Restated". Latest entry: 2026-06-25.
Serendip Holdings moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2025-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.」
No material changes have occurred in new business risks or in the existing risks of changes in the external environment and failure to achieve the plan. - FY2024WorsenedAnnual report
「However, the medium-term management plan is based on the external and market environments at the time it was prepared. Unexpected changes in economic conditions or in the industries in which the Group operates, or an inability to identify effective investment opportunities, could affect the Group’s business performance and financial position.」
In addition to the existing risk of failing to achieve the plan due to changes in the external environment, the inability to identify effective investment opportunities was explicitly identified as a risk. - FY2024-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.」
No material changes have occurred in new business risks or in the existing risks of changes in the external environment and failure to achieve the plan. - FY2024-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.」
No material changes have occurred in new business risks or in the existing risks of changes in the external environment and failure to achieve the plan. - FY2023RestatedAnnual report
「The Group formulates annual budgets and medium-term management plans and conducts its business with the aim of achieving sustained growth. However, the medium-term management plan is based on the external and market environments at the time it was formulated. If unexpected changes arise in economic conditions or the various industries in which the Group operates, they may affect the Group's operating results and financial position.」
The impact of changes in the external environment and the execution of M&A transactions on the plan and financial position continues to be disclosed as a risk. - FY2022WorsenedAnnual report
「Schedule delays occurred because the spread of COVID-19 variants restricted opportunities for meetings related to advisory services and other activities, and some projects were pushed back to the following fiscal year or later.」
The delay in the timing of revenue recognition for projects expanded from the fourth quarter or later, as indicated in the quarterly report, to the following fiscal year or later. - FY2022-Q3WorsenedAnnual report
「At the same time, some projects have arisen in which the timing of recognizing the originally anticipated revenue has been pushed back to the fourth-quarter consolidated accounting period or later due to project reviews and other factors.」
Following the delays to the third quarter or later indicated in the second-quarter report, some projects were pushed back to the fourth quarter or later for revenue recognition, indicating a further delay. - FY2022-Q2MaterialisedAnnual report
「At the same time, some projects have arisen in which the timing of recognizing the originally anticipated revenue has been pushed back to the third-quarter consolidated accounting period or later due to project reviews and other factors.」
In the FA equipment manufacturing business, the timing of recognizing originally anticipated revenue was in fact delayed due to project reviews and other factors. - FY2021First statedAnnual report
「The medium-term management plan is based on the external and market environments at the time it was formulated. If unexpected changes arise in economic conditions or the various industries in which the Group operates, they may affect the Group's operating results and financial position.」
Changes in the assumptions underlying the plan, including changes in assets, liabilities and cash flows resulting from M&A, are recognized as a risk.