Reducing M&A Risk Through Internal and External Due Diligence and Board Review
First written in FY2023. 5 of 7 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-07-15.
The whole theme swung hardest in 2023: 3 of 18 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「In determining the transaction price, we obtained an opinion from an independent external adviser and conducted a thorough review of the appropriateness of the transaction terms at a Board of Directors meeting attended by our outside directors. We comprehensively considered the target company's financial condition, business activities and future earnings outlook, and calculated and determined the price after comparing it with M&A transactions in similar industries and market valuations. We therefore believe that the price was at an appropriate level.」
Regarding the reduction of M&A risk through internal and external review and Board deliberation, the company specifically states that, in determining the transaction price for SAICOOL, it obtained an opinion from an external adviser, conducted deliberations involving outside directors and compared the transaction with similar cases. - FY2024RestatedAnnual report
「As a measure to address this risk, for M&A transactions we will conduct due diligence not only internally but also through external organizations, then have the Board of Directors review the transaction and make the decision to proceed, thereby working to reduce risk.」
The company continues to disclose the risk-reduction measure of conducting internal and external due diligence for M&A, followed by Board review and a decision on whether to proceed. - FY2023First statedAnnual report
「As a measure to address this risk, for M&A transactions we will conduct due diligence not only internally but also through external organizations, then have the Board of Directors review the transaction and make the decision to proceed, thereby working to reduce risk.」
The company has independently disclosed for the first time a risk-reduction measure involving internal and external due diligence for M&A, followed by Board review and a decision on whether to proceed.