Risk of failing to realize expected profits and synergies from M&A
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 29 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In response, the Group will make its internal M&A guidelines more specific and work to avoid excessive investment and acquisitions of low-profitability businesses. In making investment decisions, it also collaborates with external specialists and conducts multifaceted analyses.」
The Group continues to make its internal guidelines more specific and conduct multifaceted analyses, including with external specialists, in response to the risk of failing to achieve M&A profits and synergies. - FY2020MitigatedAnnual report
「In response, the Group will make its internal M&A guidelines more specific and work to avoid excessive investment and acquisitions of low-profitability businesses. In making investment decisions, it also collaborates with external specialists and conducts multifaceted analyses.」
In response to the risk of failing to achieve M&A profits and synergies, the Group identifies as measures more specific internal guidelines, the avoidance of excessive investment and acquisitions of low-profitability businesses, and analysis involving external specialists. - FY2017RestatedAnnual report
「In making these investments, the Group conducts due diligence on the target companies’ financial conditions, contract terms and other matters and works to mitigate risks in advance, but there is no guarantee that it will achieve the expected profits or synergies.」
While conducting due diligence, the Group has reconfirmed the risk that acquisitions or capital investments may fail to generate the expected profits or synergies. - FY2016First statedAnnual report
「In making these investments, the Group conducts due diligence on the target companies’ financial conditions, contract terms and other matters and works to mitigate risks in advance, but there is no guarantee that it will achieve the expected profits or synergies.」
The Group conducts due diligence to mitigate risks in advance, while disclosing the possibility that acquisitions or capital investments may fail to generate the expected profits or synergies.