Risk of Utilizing Management Resources Following an Acquisition or Capital Alliance
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「When initiating these acquisitions and similar transactions, the Group conducts sufficient prior evaluation of various risks and potential benefits, and regularly monitors the financial condition and business environment of its investee companies.」
For the risks associated with acquisitions and capital alliances, prior evaluation and regular monitoring of investee companies continue to be used as countermeasures. - FY2023ReframedAnnual report
「However, failure to use management resources effectively in the acquired business or other target business, or failure to realize sufficient synergies, could affect the Group’s operating results and financial condition.」
In addition to the risk of being unable to use management resources in the acquired business, the risk of failing to realize sufficient synergies is expressly identified, along with regular monitoring of investee companies. - FY2020RestatedAnnual report
「We are exploring acquisitions and capital alliances to evolve our core businesses, create new businesses, strengthen our overseas operations, and reinforce our Group companies.」
The policy of exploring acquisitions and capital alliances, and the risk of being unable to use management resources in the acquired business, continue to be described. - FY2018First statedAnnual report
「Although the Group conducts sufficient prior examination when initiating acquisitions and similar transactions, failure to use management resources effectively in the acquired business or other target business could affect the Group’s operating results and financial condition.」
While exploring acquisitions and capital alliances, the possibility of failing to use management resources in the acquired business is identified as a risk.