Risks Related to Post-M&A Internal Controls, Goodwill and Failure to Achieve Expected Results
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2021RestatedAnnual report
「Following an acquisition, contingent liabilities or unrecognized liabilities may arise, and fraud or compliance issues may occur if the Group's internal controls cannot be applied appropriately and effectively to the acquired company.」
The risks following M&A, including contingent liabilities, internal controls, fraud and compliance, goodwill, and failure to achieve expected results, continue to be disclosed. - FY2020First statedAnnual report
「Following an acquisition, contingent liabilities or unrecognized liabilities may arise, and fraud or compliance issues may occur if the Group's internal controls cannot be applied appropriately and effectively to the acquired company. In addition, an acquisition may generate new goodwill and increase amortization expenses. If these factors prevent the Group from achieving the expected results, they may affect its business, financial condition and operating results.」
Newly disclosed separately were the risks associated with acquisitions of and investments in other companies, including contingent liabilities, application of internal controls, fraud and compliance, goodwill, and failure to achieve expected results.