Underperformance and Impairment Risks Related to Acquisitions and Strategic Business Alliances
First written in FY2018-Q2. 15 of 18 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
「In conducting acquisitions and strategic business alliances, the Company will conduct detailed reviews of the target's business activities, contractual relationships and financial condition. However, if the initially expected results are not achieved, impairment of goodwill or fixed assets could adversely affect performance, including through a decline in the Group's profits.」
The risks of failure to achieve expected results from acquisitions and business alliances, insufficient recovery of investments, and impairment of goodwill and fixed assets continue. - FY2024RestatedAnnual report
「In conducting acquisitions and strategic business alliances, the Company will conduct detailed reviews of the target's business activities, contractual relationships and financial condition. However, if the initially expected results are not achieved, impairment of goodwill or fixed assets could adversely affect performance, including through a decline in the Group's profits.」
The risks of failure to achieve expected results from acquisitions and business alliances, insufficient recovery of investments, and impairment of goodwill and fixed assets continue. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated group, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business, accounting conditions, financial statements and other matters described in the quarterly report.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It states that there had been no emergence of major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2020MaterialisedAnnual report
「The performance of 株式会社ノースディテール remained below the initially projected plan. Following a review of the business plan, the Company recorded a valuation loss on shares of an affiliated company of ¥650.420 million in its non-consolidated financial statements. As a result, in its consolidated financial statements, it fully amortized the goodwill arising at the time of the share acquisition in accordance with the Practical Guidelines for Capital Consolidation Procedures in Consolidated Financial Statements, and recorded goodwill amortization of ¥342.973 million as an extraordinary loss.」
The risk of failing to achieve the expected results after the acquisition materialized in the form of North Detail's underperformance against its plan, a ¥650.420 million valuation loss on shares of an affiliated company and ¥342.973 million in full goodwill amortization. - FY2020-Q3MaterialisedAnnual report
「Because the establishment of an efficient system development structure at the subsidiary has been delayed, progress under the original business plan has also fallen behind schedule.」
Following the acquisition of North Detail, delays arose in establishing an efficient development structure and progressing with the initial plan, giving specific form to the risk of failing to realize the expected results of the acquisition. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any 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 major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no major risks or significant changes concerning failure to achieve results from acquisitions and strategic business alliances or impairment risks. - FY2018RestatedAnnual report
「In conducting acquisitions and strategic business alliances, the Company will conduct detailed reviews of the target's business activities, contractual relationships and financial condition. However, if the initially expected results are not achieved, impairment of goodwill or fixed assets could affect its operating results and financial position.」
The risks of failure to achieve expected results from acquisitions and strategic business alliances, insufficient recovery of investments, and impairment of goodwill and fixed assets continue. - FY2018-Q3RestatedAnnual report
「In conducting acquisitions and strategic business alliances, the Company will conduct detailed reviews of the target's business activities, contractual relationships and financial condition. However, if the initially expected results are not achieved, impairment of goodwill or fixed assets could affect its operating results and financial position.」
The risks of failure to achieve expected results from acquisitions and strategic business alliances, insufficient recovery of investments, and impairment of goodwill and fixed assets continue to be identified as business and other risks. - FY2018-Q2First statedAnnual report
「To enhance corporate value, the Company may expand its existing businesses and enter new businesses, including through acquisitions and strategic business alliances. Although the Company intends to conduct sufficient reviews when expanding existing businesses or entering new ones, changes in market conditions or customer needs could prevent it from achieving its initial plans, and failure to generate returns commensurate with its investments and expenses could affect its operating results and financial position. In conducting acquisitions and strategic business alliances, the Company will conduct detailed reviews of the target's business activities, contractual relationships and financial condition. However, if the initially expected results are not achieved, impairment of goodwill or fixed assets could affect the Company's operating results and financial position.」
For the first time, the Company explicitly identified the possibility of acquisitions and strategic business alliances to enhance corporate value, as well as the risks of failure to meet plans, insufficient recovery of investments, failure to achieve expected results, and impairment of goodwill and fixed assets, as independent business and other risks.