Due Diligence and Internal Procedures for Acquisitions
First written in FY2016. 7 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 18 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In implementing the acquisition, the company invests funds within objective numerical criteria, but unforeseen circumstances such as poor performance could arise, making it impossible to recover the invested funds.」
Rather than referring to due diligence as before, the company continues to explain investment management based on objective numerical criteria and the risk of recovery. - FY2025RestatedAnnual report
「In implementing the acquisition, the company invests funds within objective numerical criteria, but unforeseen circumstances such as poor performance could arise, making it impossible to recover the invested funds.」
Rather than referring to due diligence and rigorous internal procedures as before, the company continues to describe investment management based on objective numerical criteria and the risk of recovery. - FY2023SoftenedAnnual report
「In implementing the acquisition, the company invests funds within objective numerical criteria, but unforeseen circumstances such as poor performance could arise, making it impossible to recover the invested funds.」
The specific wording regarding sufficient due diligence and rigorous internal procedures at the time of an acquisition is not present. It has been replaced by an explanation of investment management based on objective numerical criteria and the risk that invested funds may not be recovered. - FY2021RestatedAnnual report
「In implementing the acquisition, the company will determine the target company after conducting sufficient due diligence and following rigorous internal procedures, but」
The company continues to state its policy of conducting due diligence and following rigorous internal procedures when determining an acquisition target. - FY2020RestatedAnnual report
「In implementing the acquisition, the company will determine the target company after conducting sufficient due diligence and following rigorous internal procedures, but」
The company continues to state its policy of conducting due diligence and following rigorous internal procedures when determining an acquisition target. - FY2019RestatedAnnual report
「In implementing the acquisition, the company will determine the target company after conducting sufficient due diligence and following rigorous internal procedures, but」
The company continues to specify due diligence and rigorous internal procedures when determining an acquisition target. - FY2018RestatedAnnual report
「In implementing the acquisition, the company will determine the target company after conducting sufficient due diligence and following rigorous internal procedures, but」
The company continues to specify due diligence and rigorous internal procedures when determining an acquisition target. - FY2017RestatedAnnual report
「In implementing this strategy, the Group will select target companies only after conducting sufficient due diligence and following rigorous internal procedures.」
The company continues to specify due diligence and internal procedures when determining an acquisition target. - FY2016First statedAnnual report
「In implementing such transactions, we will select target companies only after conducting sufficient due diligence and following rigorous internal procedures.」
States the policy of conducting due diligence and following internal procedures before carrying out acquisitions.