Risk of Failing to Achieve Results from New Businesses, Business Alliances and Acquisitions
First written in FY2023. 39 of 60 entries say "Advanced", first in 2026-04-30. Latest entry: 2026-10-07.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- 2026-09-07Materialisedwww.fukeiki.com
「The company also expects to report an operating loss and a net loss, reversing its previous forecasts for profits, due to the recognition of an allowance for doubtful accounts associated with delays in launching its live-commerce business in China, as well as impairment losses on software assets, building-related assets and goodwill related to its cross-border e-commerce business.」
The company is expected to recognize impairment losses on assets related to new businesses and acquisitions, with the risk of failing to achieve the expected results taking concrete form as additional losses. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, because recovery of goodwill related to the “programmatic advertising business” of the consolidated subsidiary オルクス株式会社 was no longer expected according to the originally anticipated schedule, its carrying amount was reduced to zero and the reduction was recorded as an impairment loss.」
The post-acquisition earnings and recovery-schedule risk also materialized for the full fiscal year, and an impairment loss of ¥256,464 thousand, including ¥251,738 thousand of goodwill related to the programmatic advertising business, was recorded. - FY2025-H1MaterialisedAnnual report
「Because recovery of goodwill related to the “programmatic advertising business” of the consolidated subsidiary オルクス株式会社 was no longer expected according to the originally anticipated schedule, its carrying amount was reduced to zero and the reduction was recorded as an impairment loss.」
The risk of failing to meet post-acquisition earnings and recovery schedules materialized, and an impairment loss of ¥256,464 thousand, including ¥251,739 thousand of goodwill related to the programmatic advertising business, was recorded. - FY2024RestatedAnnual report
「The Group recognizes that taking on new businesses, forming business alliances and acquiring companies are indispensable elements in securing future growth.」
The Group continues to disclose new businesses, alliances and acquisitions as growth measures, together with risks including failure to achieve results, impairment and restructuring costs. - FY2024-Q3RestatedAnnual report
「As part of its growth strategy, the Group promotes M&A. Before an M&A transaction, it conducts detailed due diligence on the target and works to avoid risks, but if contingent liabilities are discovered after the acquisition, the target fails to achieve its initially projected earnings plan or an event disrupts the target’s operations, the Group’s performance and financial condition may be affected.」
The Group promotes M&A as a growth strategy while explicitly disclosing post-acquisition risks and its response through due diligence. - FY2023First statedAnnual report
「The Company recognizes that taking on new businesses, forming business alliances and acquiring companies are indispensable elements in securing future growth.」
While positioning these as options necessary for future growth, the Company discloses risks including failure to achieve results, impairment and business-restructuring costs.