Uncertainty over the Benefits of Strategic Alliances, Acquisitions and Equity Investments
First written in FY2017. 2 of 6 entries say "Advanced", first in 2026-05-11. Latest entry: FY2026.
The whole theme swung hardest in 2018: 13 of 79 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We established and operate an investment management framework under our investment rules, focusing on clarifying the criteria for approving and withdrawing from investments and establishing a standardized monitoring process.」
The response to uncertainty over the benefits of strategic partnerships, acquisitions and investments has been formalized through the operation of investment rules covering investment committee review, confirmation of profitability after taking the cost of capital into account, post-investment monitoring, and decisions on continuation or withdrawal. - 2026-05-11AdvancedEarnings
「We acquired additional shares in Advantage Partners Pte. Ltd., the holding company of the Advantage Partners Group (AP Group), and made it an equity-method affiliate.」
The strategic partnership with the AP Group progressed through an additional acquisition and conversion of the holding company into an equity-method affiliate. - FY2023MitigatedAnnual report
「We formulated an investment management framework for investment management, focusing on clarifying investment approval criteria, establishing a standardized monitoring process and clarifying the criteria for continuing or withdrawing from investments, and began operating it in April 2021.」
As a response to uncertainty over the benefits of strategic partnerships, acquisitions and investments, a standardized framework is being operated to manage the process from approval and monitoring through decisions on continuation or withdrawal. - FY2020WorsenedAnnual report
「If the prolonged COVID-19 pandemic causes the performance of acquired subsidiaries and associates to fall short of plan, and the benefits initially recognized for goodwill and intangible assets fail to materialize as expected, the Group's performance may be affected by impairment losses on goodwill and intangible assets and other factors.」
Additional disclosure has been provided regarding the uncertainty over the benefits of strategic partnerships, acquisitions and investments, including the possibility that acquired businesses may fall short of plan and that goodwill may be impaired due to the prolonged COVID-19 pandemic. - FY2018RestatedAnnual report
「In connection with these strategic partnerships, acquisitions and investments, changes in laws and regulations, intensifying competition and changes in the financial environment may result in the termination of strategic partnerships and the associated inability to provide services. They may also prevent strategic partnerships, acquisitions and investments from producing the expected benefits, potentially affecting the performance of the Group.」
The uncertainty over the benefits of expanding strategic partnerships, acquisitions and investments, and the risk of partnership termination, have been reiterated. - FY2017First statedAnnual report
「In connection with these strategic partnerships, acquisitions and investments, changes in laws and regulations, intensifying competition and changes in the financial environment may result in the termination of strategic partnerships and the associated inability to provide services. They may also prevent strategic partnerships, acquisitions and investments from producing the expected benefits, potentially affecting the performance of the Group.」
While expanding domestic and overseas partnerships, acquisitions and investments, the possibility that they may be terminated or fail to produce the expected benefits has been identified for the first time as a separate business risk.