Risk of failing to fully realize the expected benefits of the management integration
First written in FY2018. 1 of 2 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2020-Q1.
The whole theme swung hardest in 2023: 3 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2020-Q1MitigatedAnnual report
「With an effective date of 1 April 2019, we carried out a share exchange under which our company became the wholly owning parent company and 十八銀行 became the wholly owned subsidiary. This share exchange is referred to below as the "Share Exchange."」
The business integration itself was completed through the share exchange, and the risk related to completion of the integration has receded. However, the early realization of integration synergies continues to be identified as an issue. - FY2018First statedAnnual report
「The group may be unable to fully realize the integration benefits initially expected because of factors including insufficient cooperation in business operations, unsuccessful sales strategies, deterioration in customer relationships, a decline in external credibility, and unexpected additional costs, potentially adversely affecting its business performance and financial condition.」
Discloses the risks associated with coordination, sales, customer relationships, creditworthiness and additional costs arising from the business integration as separate items.