Risk that synergies anticipated from a business and capital alliance will not materialize
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 9 of 29 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Before entering into an alliance, the company will understand the strengths of the other company and thoroughly examine the effects of the alliance, with the aim of generating business synergies by combining the management resources of the Group and its alliance partner. However, if the expected effects do not materialize, the business development and performance of the Group may be affected.」
The Company continues to assess the risk that synergies from its business and capital alliance may not materialize and pursue measures involving advance planning and the integration of management resources. - FY2025RestatedAnnual report
「Before entering into an alliance, the company will understand the strengths of the other company and thoroughly examine the effects of the alliance, with the aim of generating business synergies by combining the management resources of the Group and its alliance partner. However, if the expected effects do not materialize, the business development and performance of the Group may be affected.」
The Company continues to assess the risk that synergies from its business and capital alliance may not materialize and pursue measures involving advance planning and the integration of management resources. - FY2024RestatedAnnual report
「Before entering into an alliance, the company will understand the strengths of the other company and thoroughly examine the effects of the alliance, with the aim of generating business synergies by combining the management resources of the Group and its alliance partner. However, if the expected effects do not materialize, the business development and performance of the Group may be affected.」
The Company continues to assess the risk that synergies from its business and capital alliance may not materialize and pursue measures involving advance planning and the integration of management resources. - FY2023First statedAnnual report
「Before entering into an alliance, the company will understand the strengths of the other company and thoroughly examine the effects of the alliance, with the aim of generating business synergies by combining the management resources of the Group and its alliance partner. However, if the expected effects do not materialize, the business development and performance of the Group may be affected.」
The company describes its growth strategy through alliances together with the risk that their expected effects may not materialize.