Post-M&A Integration, Failure to Realize Synergies and Impairment Risks
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Before implementing such transactions, we make decisions only after careful consideration, including conducting various due diligence procedures on the target company or business, and work to reduce risks as far as possible.」
The risks of unexpected post-M&A problems, failure to meet plans, licensing issues and unrealized synergies, together with due diligence as a mitigation measure, continue to be disclosed. - FY2024First statedAnnual report
「If problems not identified in advance emerge after M&A or similar transactions, the acquired company or business does not perform as planned, a business requiring licenses is acquired through a business transfer but the licenses cannot be obtained after the acquisition, or expected synergies fail to materialize and strategic objectives are not achieved, the group’s business, results of operations or financial position could be adversely affected.」
Unexpected post-acquisition problems, failure to meet plans, failure to obtain licenses and failure to realize synergies are identified as M&A risks.