Delays in plans for acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies
First written in FY2017. 26 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 11 of 37 companies on the "Worse" side.
47 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group is working to minimize risks by conducting thorough preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research.」
The Company is reiterating the risks of delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A and business reorganization, together with mitigation measures based on preliminary investigations. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2024RestatedAnnual report
「The Group takes steps to minimize risks by conducting thorough preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research.」
The Company is reiterating the risks of delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A and business reorganization, together with mitigation measures based on preliminary investigations. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the major risks, including the risks of delays in plans, reduced profitability and unrealized synergies associated with acquisitions and alliances. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the major risks, including the risks of delays in plans, reduced profitability and unrealized synergies associated with acquisitions and alliances. - FY2023RestatedAnnual report
「The Group takes steps to minimize risks by conducting thorough preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research.」
The Company is reiterating the risks of delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A and business reorganization, together with mitigation measures based on preliminary investigations. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2022RestatedAnnual report
「The Group takes steps to minimize risks by conducting thorough preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research.」
The Company is reiterating the risks of delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A and business reorganization, together with mitigation measures based on preliminary investigations. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2021MaterialisedAnnual report
「Due to changes in the business environment associated with the COVID-19 pandemic, the profitability of consolidated subsidiary Free Stairs Co., Ltd. deviated significantly from the initial plan. As a result, the Company recorded an extraordinary loss from the impairment of goodwill, and net income attributable to owners of the parent was ¥108 million, down 87.2% year on year.」
The risks of reduced profitability, deviation from plans and unrealized synergies following the acquisition of a company materialized as reduced profitability at Free Stairs and a ¥639 million impairment loss on goodwill. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2020RestatedAnnual report
「The Group takes steps to minimize risks by conducting thorough preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research.」
The Company is reiterating the risks of delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A and business reorganization, together with mitigation measures based on preliminary investigations. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2019MitigatedAnnual report
「Before implementing these measures, we conduct preliminary investigations, including reviews of the target company’s financial condition and contracts, as well as market research, in an effort to reduce risks.」
The Company explicitly addresses delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A, alliances and the reorganization of business locations through preliminary reviews of financial and contractual matters and market research. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the business and other risks identified in the previous fiscal year, including the risks of delays in plans, reduced profitability and unrealized synergies associated with acquisitions and alliances. - FY2019-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2018RestatedAnnual report
「However, these measures involve future uncertainties, and may give rise to delays in business plans that could not have been anticipated when they were implemented, reduced profitability, the emergence of unidentified risks, or insufficient realization of synergies within the Group, potentially affecting the Group’s operating results and financial position.」
The Company is reiterating the potential for delays in plans, reduced profitability, unidentified risks and unrealized synergies associated with M&A, alliances and the restructuring of business locations. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2018-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no significant changes in the risks of delays in plans relating to acquisitions, alliances and other initiatives, declining profitability and failure to realize synergies. - FY2017First statedAnnual report
「These measures involve future uncertainties and may be subject to delays in business plans that could not have been anticipated at the time of implementation, declining profitability, the emergence of unidentified risks, or insufficient realization of synergies within the Group.」
The Company describes the possibility of delays in plans, declining profitability, unidentified risks and failure to realize synergies in connection with M&A, alliances and the restructuring of business locations.