Risk That Integration Synergies Will Not Be Realized
First written in FY2020-Q3. 1 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026ReframedAnnual report
「However, if M&A transactions or other investments are undertaken in the future and the expected synergies are not realized, this could affect the operations, operating performance and financial condition of the group.」
The scope has been organized to cover the risk that synergies from future M&A transactions and investments generally may not be realized, in addition to the historical risk of unrealized business integration synergies. - FY2021MitigatedAnnual report
「The main factors included a 0.7 percentage-point improvement in the gross profit margin from the previous consolidated fiscal year, resulting from lower procurement costs through enhanced purchasing capabilities following the business integration with Maxvalu Chubu Co., Ltd., lower product costs through improved delivery efficiency, and improvements in the waste rate.」
Regarding the risk that integration synergies may not be realized, the company states that some synergies, including improvements in procurement, delivery and waste rates, have already emerged in its results. - FY2020-Q3First statedAnnual report
「If the synergies expected from the business integration are not fully realized in the future, this could affect the operations, operating performance and financial condition of the group.」
Following completion of the merger with Maxvalu Chubu, the company disclosed the potential impact on operations, operating performance and financial condition if the expected synergies are not fully realized as a new business risk.