Risk of Entering New Business Areas
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「At present, when entering new business areas, we plan to do so primarily through the acquisition of companies with a substantial track record, rather than starting from scratch.」
The policy of entering new business areas primarily through M&A of companies with an established track record and conducting a cautious review in areas in which we lack expertise was reconfirmed. - FY2023RestatedAnnual report
「At present, when entering new business areas, we plan to do so primarily through the acquisition of companies with a substantial track record, rather than starting from scratch. When acquiring a company in a new business area in which we have no knowledge or experience, we will conduct a more thorough review than for acquisitions in areas in which we have expertise, including industry trends, applicable laws and regulations, and the circumstances of the target company. However, if an unforeseen event occurs, this could have a material impact on our group's operating results and financial position.」
The policy of entering new business areas primarily through M&A of companies with an established track record, and the risks of insufficient knowledge and unforeseen events, were reconfirmed. - FY2022First statedAnnual report
「At present, when entering new business areas, we plan to do so primarily through the acquisition of companies with a substantial track record, rather than starting from scratch. When acquiring a company in a new business area in which we have no knowledge or experience, we will conduct a more thorough review than for acquisitions in areas in which we have expertise, including industry trends, applicable laws and regulations, and the circumstances of the target company. However, if an unforeseen event occurs, this could have a material impact on our group's operating results and financial position.」
The risks of insufficient knowledge and unforeseen events when entering new business areas through M&A were newly disclosed.