Risk of Failing to Achieve Expected Results After an Acquisition
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Specified PMI and Competitive Acquisition RisksAnnual report
「If due diligence on an acquisition target or post-merger integration (PMI) is inadequate, we may be unable to achieve the intended results or synergies among group companies. In addition, our competitiveness could be affected if a strategically important target identified by our group is acquired by a competitor or another company.」
In addition to the risk of failing to achieve results because of inadequate post-acquisition integration, the company explicitly describes the risk of an important acquisition target being acquired by a competitor. - FY2019RestatedAnnual report
「As part of its business strategy, our group may acquire companies to enter new business fields, acquire new technologies and business platforms, or strengthen the competitiveness of existing businesses. We conduct careful investigations and reviews before proceeding with each transaction. However, if the expected results are not fully achieved after an acquisition, this could adversely affect our group's results.」
Reiterating the purpose of acquisitions, pre-acquisition investigations, and the risk of failing to achieve the expected results after an acquisition. - FY2018RestatedAnnual report
「As part of its business strategy, our group may acquire companies to enter new business fields, acquire new technologies and business platforms, or strengthen the competitiveness of existing businesses. We conduct careful investigations and reviews before proceeding with each transaction. However, if the expected results are not fully achieved after an acquisition, this could adversely affect our group's results.」
Reiterating the purpose of acquisitions, pre-acquisition investigations, and the risk of failing to achieve the expected results after an acquisition. - FY2017RestatedAnnual report
「As part of its business strategy, our group may acquire companies to enter new business fields, acquire new technologies and business platforms, or strengthen the competitiveness of existing businesses. We conduct careful investigations and reviews before proceeding with each transaction. However, if the expected results are not fully achieved after an acquisition, this could adversely affect our group's results.」
Reiterating the purpose of acquisitions, pre-acquisition investigations, and the risk of failing to achieve the expected results after an acquisition. - FY2016First statedAnnual report
「However, if the expected results are not fully achieved after an acquisition, this could adversely affect our group's results.」
The risk that an acquisition intended to strengthen the competitiveness of new fields, new technologies, or existing businesses may not produce the expected integration results.