M&A Market Contraction and Regulatory Risk
First written in FY2018. 13 of 15 entries say "Restated". Latest entry: 2026-05-13.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- 2026-05-13RestatedManagement Planning
「M&A in new fields, including construction and IT, is also expanding steadily.」
The company continues to expand the fields covered by its M&A advisory business into construction, IT and other sectors. - FY2025RaisedAnnual report
「There are currently no laws or other regulations that directly regulate M&A brokerage services, and there is no licensing system or qualification restriction. However, discussions concerning various policies targeting the M&A market are gaining momentum, including guidelines on fair M&A formulated by the Ministry of Economy, Trade and Industry in 2024.」
The scope of regulatory and institutional changes related to the risks of M&A market contraction and regulatory changes has been expanded to include the Ministry of Economy, Trade and Industry's 2024 guidelines, changes to registration requirements, and amendments to the Financial Instruments and Exchange Act, Companies Act, tax laws, and other legislation. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes concerning the risks related to contraction of the M&A market and regulatory changes. - FY2018First statedAnnual report
「If the market contracts because demand to transfer businesses through M&A as a solution to future succession issues declines, or demand for M&A acquisitions in the target markets for the company's businesses declines, this could affect our operating performance and financial position.」
In addition to declining M&A demand, future regulatory changes arising from amendments to laws or changes in their interpretation are identified as risks.