Unexpected Risks and Failure-to-Achieve-Expected-Results Risks Following M&A and Capital Alliances
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes regarding unexpected risks and the risk of failing to achieve expected results following M&A and capital alliances. - FY2023ReframedAnnual report
「The company works to reduce risks through due diligence before M&A transactions, but there is a risk that the performance of an acquired group company may fall significantly short of its business plan, as well as a risk of goodwill impairment, potentially affecting business results and financial position.」
The company made its previous recognition of unexpected post-M&A risks more specific by identifying failure to meet the business plan and goodwill impairment as key risks, and described responses through strategic meetings and financial monitoring. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes regarding unexpected risks and the risk of failing to achieve expected results following M&A and capital alliances. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes regarding unexpected risks and the risk of failing to achieve expected results following M&A and capital alliances. - FY2022First statedAnnual report
「When carrying out M&A or capital alliances, the company conducts what it considers to be sufficient due diligence in advance and works to reduce risks. However, risks exceeding expectations may emerge after execution, or the partner and the Group may fail to achieve the expected results, potentially affecting the Group’s business results and financial position.」
While positioning M&A and capital alliances as means of expanding solutions in the store outsourcing business, the company explicitly identified unexpected post-execution risks and failure to achieve expected results as risks.