Risk of unrealized synergies and additional costs arising from the business integration
First written in FY2023-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025.
Procrea Holdings moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 1 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「However, if we are unable to fully realize the integration synergies initially expected, this could ultimately have a material impact on our Group's financial position and results of operations. The following factors may prevent the full realization of integration synergies. Integration benefits in terms of earnings may not be realized due to various factors, including delays in consolidating and closing branches and deploying personnel effectively, deterioration in relationships with customers, and declining external credibility.」
The focus shifted from additional costs and integration execution risks before the merger to risks concerning the realization of post-merger synergies, branch consolidation, personnel deployment and customer relationships. - FY2023MaterialisedAnnual report
「In addition, we have recognized impairment losses on fixed assets as extraordinary losses based on the branch integration plan scheduled for implementation after the merger.」
Impairment losses on fixed assets were actually recognized in connection with the post-integration branch integration plan, bringing some of the cost and loss risks associated with the integration to the surface. - FY2023-Q3RestatedAnnual report
「However, if we are unable to fully realize the integration synergies initially expected, this could ultimately have a material impact on our Group's financial position and results of operations.」
The risks of unrealized integration synergies, additional costs, and costs and losses associated with standardizing policies continue. - FY2023-Q2RestatedAnnual report
「However, if we are unable to fully realize the integration synergies initially expected, this could ultimately have a material impact on our Group's financial position and results of operations.」
The risks of unrealized integration synergies, additional costs, and costs and losses associated with standardizing policies continue to be described. - FY2023-Q1First statedAnnual report
「However, if we are unable to fully realize the integration synergies initially expected, this could ultimately have a material impact on our Group's financial position and results of operations.」
The possibility that integration benefits may not be realized due to delays in service development, the reallocation of personnel and locations, standardization of policies and other factors, or due to unexpected costs, is indicated.