Risk of Strategic Investments, M&A and New Businesses Failing to Achieve Their Intended Results
First written in FY2018. 1 of 4 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2024: 24 of 87 companies on the "Worse" side.
99 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In promoting strategic investments, including investment in strategic markets, M&A and expansion into new businesses, the Company Group gathers the necessary and sufficient information for decision-making, conducts reviews and makes rational decisions.」
The Company continues its policy of treating investment in strategic markets, M&A and investment in new businesses as growth initiatives while gathering information and making rational decisions. - FY2019-Q3WorsenedAnnual report
「Valuation loss on investment securities 921 Impairment loss 369」
In connection with strategic investments and new businesses, the Company recorded a valuation loss on investment securities of ¥921 million and an impairment loss of ¥369 million for the cumulative third quarter of the current consolidated fiscal year. - FY2019-Q2MaterialisedAnnual report
「In the Other Business, the Company determined that the excess earning power initially expected from the goodwill arising when it acquired consolidated subsidiary MCLEAR LIMITED could no longer be expected, and recorded an impairment loss on the goodwill as an extraordinary loss. The impairment loss was ¥366 million for the cumulative second quarter of the current consolidated fiscal year, including the impairment loss on operating property, plant and equipment recorded in MCLEAR LIMITED’s separate financial statements.」
The Company recorded an impairment loss of ¥366 million on MCLEAR LIMITED, acquired through M&A, after determining that the excess earning power initially expected could no longer be anticipated. - FY2018First statedAnnual report
「In promoting strategic investments, including investment in strategic markets, M&A and expansion into new businesses, the Company Group gathers the necessary and sufficient information for decision-making, conducts reviews and makes rational decisions.」
The Company identifies investment in strategic markets, M&A and expansion into new businesses as growth initiatives, while recognizing the risk that changes in the operating environment may prevent the intended results from being achieved.