Risk of Failure to Achieve Results from or Termination of M&A and Capital and Business Alliances
First written in FY2020. 8 of 13 entries say "Restated". Latest entry: FY2026.
Kantsu Hd moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 9 of 30 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The Company had entered into a capital and business alliance agreement with Canon IT Solutions, Inc. to build a cooperative relationship in the logistics and IT fields, but terminated the capital and business alliance effective 15 May 2026.」
The capital and business alliance with Canon IT Solutions was actually terminated, meaning that the risk of failure to achieve alliance results or termination has materialized as a specific event. - FY2025MaterialisedAnnual report
「The loss on valuation of shares in an affiliated company was primarily due to the discontinuation, because of a cyberattack, of development of the “ECOMS” automated ordering system that was being jointly developed with an affiliate.」
Following the discontinuation of joint development with the alliance partner, the Company recognized a ¥146.337 million loss on valuation of shares in an affiliated company, indicating that the risk of failure to achieve alliance results has materialized as an actual loss. - FY2025-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2024WorsenedAnnual report
「If スパイスコード fails to achieve its assumed business plan, its financial position and operating results deteriorate, and no reasonable improvement can be foreseen, the Company may reassess the value of its shares in スパイスコード and recognize an impairment loss.」
In addition to existing M&A and alliance risks, specifically discloses the possibility that スパイスコード, which became an equity-method affiliate, may fail to achieve its business plan and that the Company may recognize an impairment loss on its shares. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the emergence of new business or other risks, or in the business or other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2022ReframedAnnual report
「If the Company, Canon IT Solutions or both fail to implement appropriate measures to leverage their respective strengths; if it is determined that the planned benefits of the capital and business alliance cannot be realized due to changes in the external environment, such as tighter regulations or a serious labor shortage; or if the alliance is terminated due to unforeseen business issues arising after the agreement was signed or a change in policy concerning service provision, these developments could affect the Company’s business performance and financial position.」
In addition to the conventional risks associated with M&A and capital and business alliances, explicitly identifies, by counterparty, the risk that the benefits of the alliances with Rakuten Group and the newly allied Canon IT Solutions will not be realized or that the alliances will be terminated. - FY2022-Q3RestatedAnnual report
「In addition, there were no material changes in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
States that there have been no material changes regarding the risk of failure to achieve or termination of M&A and capital and business alliances. - FY2021RestatedAnnual report
「If, due to changes in the business environment after implementation or other factors, it is determined that the originally anticipated results cannot be achieved, or if a capital and business alliance or other arrangement is terminated or changed, impairment losses on goodwill and investments accounted for under the equity method, among other items, could affect the Company’s business performance and financial position.」
Continues to explain the risks of failure to achieve results, termination or change, and impairment in connection with M&A and capital and business alliances, as well as its policy of conducting preliminary reviews. - FY2020First statedAnnual report
「If, due to changes in the business environment after implementation or other factors, it is determined that the originally anticipated results cannot be achieved, or if a capital and business alliance or other arrangement is terminated or changed, impairment losses on goodwill and investments accounted for under the equity method, among other items, could affect the Company’s business performance and financial position.」
While stating its policy of conducting preliminary reviews of alliances and M&A transactions, identifies the possibilities of failure to achieve results, termination and impairment.