Risk of Missing Business Plans Following M&A and Capital Alliances
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 29 of 70 companies on the "Worse" side.
96 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In connection with M&A and capital alliances, the Group conducts due diligence on the target company’s financial condition, contractual relationships and other matters, and regularly monitors existing investments in an effort to mitigate risks. However, if the business plans following an acquisition or alliance fail to progress as planned due to changes in the market environment or other factors, this may affect the Group’s financial condition and operating results.」
The company continues to conduct due diligence and regularly monitor existing investments in response to the risk of failure to meet plans following M&A. - FY2021MitigatedAnnual report
「In connection with M&A and capital alliances, the Group conducts due diligence on the target company’s financial condition, contractual relationships and other matters, and regularly monitors existing investments in an effort to mitigate risks.」
The company explicitly identifies due diligence and regular monitoring of existing investments as measures against the risk of failure to meet plans following M&A or a capital alliance. - FY2019RestatedAnnual report
「In connection with M&A and capital alliances, the Group conducts thorough reviews of financial conditions, market trends and other factors. However, if the business plans following an acquisition or alliance fail to progress as planned due to changes in the market environment or other factors, this may affect the Group’s financial condition and operating results.」
The company continues to disclose the risk of failure to meet business plans following M&A or a capital alliance, as well as prior reviews of financial conditions and market trends. - FY2018RestatedAnnual report
「In connection with M&A and capital alliances, the Group conducts thorough reviews of financial conditions, market trends and other factors. However, if the business plans following an acquisition or alliance fail to progress as planned due to changes in the market environment or other factors, this may affect the Group’s financial condition and operating results.」
The company continues to disclose the risk of failure to meet business plans following M&A or a capital alliance, as well as prior reviews of financial conditions and market trends. - FY2017First statedAnnual report
「In connection with M&A and capital alliances, the Group conducts thorough reviews of financial conditions, market trends and other factors. However, if the business plans following an acquisition or alliance fail to progress as planned due to changes in the market environment or other factors, this may affect the Group’s financial condition and operating results.」
The company explicitly identified failure to meet plans following M&A or a capital alliance as an independent business risk for the first time.