Risk that M&A and business alliances will not deliver planned results
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 28 of 84 companies on the "Worse" side.
88 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If these M&A transactions and business alliances fail to produce the results planned in advance, or if additional issues that were not identified when the investments were considered are discovered later, it may become necessary to recognize impairment losses on the equity value of the acquired companies or the business assets acquired.」
It restates the risk that M&A and business alliances may affect operating results and financial condition through failure to meet plans, additional issues and impairment losses. - FY2024RestatedAnnual report
「If these M&A transactions and business alliances fail to produce the results planned in advance, or if additional issues that were not identified when the investments were considered are discovered later, it may become necessary to recognize impairment losses on the equity value of the acquired companies or the business assets acquired.」
It restates the risk that M&A and business alliances may affect operating results and financial condition through failure to meet plans, additional issues and impairment losses. - FY2023First statedAnnual report
「However, if these M&A transactions and business alliances fail to produce the results planned in advance, or if additional issues that were not identified when the investments were considered are discovered later, it may become necessary to recognize impairment losses on the equity value of the acquired companies or the business assets acquired, which could affect the Company's operating results and financial condition.」
While positioning M&A and business alliances as means of expanding services, it identifies for the first time, as a separate risk, the impact on operating results and financial condition from failure to meet plans, additional issues and impairment of acquired assets.