Post-M&A risks of contingent liabilities, failure to meet plans and goodwill impairment
First written in FY2022. 11 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 36 of 89 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Our group makes effective use of M&A as one effective means of accelerating business expansion. Before undertaking M&A, we conduct a detailed due diligence review of the target company's financial condition, contractual relationships and other matters, and make decisions after carefully examining the risks. However, if problems that could not be identified through the preliminary review arise after the acquisition, such as contingent liabilities or previously unrecognized liabilities, if the business does not develop as planned, or if goodwill impairment becomes necessary, this may affect our group's business and financial results. In addition, when a new business not previously operated by our group is added through an acquisition or other transaction, risks specific to that business will also arise.」
The company reconfirms its policy of using M&A to expand the business, its preliminary due diligence, and the risks of contingent liabilities, failure to meet plans, goodwill impairment and risks specific to new businesses. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2025RestatedAnnual report
「Our group makes effective use of M&A as one effective means of accelerating business expansion. Before undertaking M&A, we conduct a detailed due diligence review of the target company's financial condition, contractual relationships and other matters, and make decisions after carefully examining the risks. However, if problems that could not be identified through the preliminary review arise after the acquisition, such as contingent liabilities or previously unrecognized liabilities, if the business does not develop as planned, or if goodwill impairment becomes necessary, this may affect our group's business and financial results. In addition, when a new business not previously operated by our group is added through an acquisition or other transaction, risks specific to that business will also arise.」
The wording was updated to state that M&A is actively being used, and the possibility that acquisitions may add risks specific to new businesses was added to the existing post-acquisition risks. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2024RestatedAnnual report
「Our group intends to make effective use of M&A as one effective means of accelerating business expansion. Before undertaking M&A, we conduct a detailed due diligence review of the target company's financial condition, contractual relationships and other matters, and make decisions after carefully examining the risks. However, if problems that could not be identified through the preliminary review arise after the acquisition, such as contingent liabilities or previously unrecognized liabilities, if the business does not develop as planned, or if goodwill impairment becomes necessary, this may affect our group's business and financial results.」
The company reconfirms its policy of using M&A as a means of growth, its preliminary due diligence, and the risks of contingent liabilities, failure to meet plans and goodwill impairment after acquisitions. - FY2024-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there was no new business risk or material change in the business risks described in the annual securities report for the previous consolidated fiscal year.」
The company concludes that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2023RestatedAnnual report
「Before undertaking M&A, we conduct a detailed due diligence review of the target company's financial condition, contractual relationships and other matters, and make decisions after carefully examining the risks. However, if problems that could not be identified through the preliminary review arise after the acquisition, such as contingent liabilities or previously unrecognized liabilities, if the business does not develop as planned, or if goodwill impairment becomes necessary, this may affect our group's business and financial results.」
The company reconfirms its policy of using M&A as a means of growth, its preliminary due diligence, and the risks of contingent liabilities, failure to meet plans and goodwill impairment after acquisitions. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company concludes that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company concludes that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes regarding the risks of contingent liabilities, failure to meet plans and goodwill impairment after M&A. - FY2022First statedAnnual report
「We intend to make effective use of M&A as one effective means of accelerating business expansion.」
While outlining M&A as a means of growth, the company identifies contingent liabilities, failure to meet plans and goodwill impairment after acquisitions as risks.