Risk of Unrealized Business Integration Benefits and Additional Costs from Integration with USEN
First written in FY2017-Q3. 2 of 3 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2017: 1 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「If we fail to fully realize the business integration benefits initially expected, our group’s business results and financial position may consequently be affected.」
The risks of unrealized integration benefits, inadequate operational cooperation, and additional costs associated with developing and restructuring management infrastructure have been reiterated. - FY2017-Q4RestatedAnnual report
「If we fail to fully realize the business integration benefits initially expected, our group’s business results and financial position may consequently be affected. The principal factors that may impede progress in realizing the integration benefits are listed below, although they are not limited to these factors.」
The company continues to identify as new risks the possibility that the benefits of integration with USEN will not be fully realized and that additional costs will arise in connection with the integration. - FY2017-Q3First statedAnnual report
「If we fail to fully realize the business integration benefits initially expected, our group’s business results and financial position may consequently be affected. The principal factors that may impede progress in realizing the integration benefits are listed below, although they are not limited to these factors.」
For the first time, the company has explicitly identified as integration-specific risks the failure of operational cooperation and mutual use of management resources to produce results, and unexpected additional costs associated with developing, integrating and restructuring management infrastructure.