Unexpected risks after an acquisition
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 10 of 33 companies on the "Worse" side.
42 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Conducting due diligence before acquisitions, holding multiple deliberations by the Board of Directors, sharing information after acquisitions, and promoting the integration and use of Group infrastructure,」
The company continues to implement due diligence, multiple deliberations, information sharing, and infrastructure integration as measures to address unexpected post-acquisition risks. - FY2021MitigatedAnnual report
「In making these decisions, the company conducts due diligence before acquisitions, holds multiple deliberations by the Board of Directors, promotes information sharing after acquisitions, and promotes the integration and use of Group infrastructure so that the synergies expected by the Group are realized. However, changes in the economic environment and other factors, or the emergence after integration of unexpected risks that were not identifiable beforehand, could affect operating results and financial condition.」
The company explicitly identifies due diligence, multiple Board of Directors deliberations, information sharing, and infrastructure integration as measures to address unexpected post-acquisition risks. - FY2017RestatedAnnual report
「Although the company will conduct the necessary and sufficient reviews in making these decisions, changes in the economic environment and other factors, or the emergence after integration of unexpected risks that were not identifiable beforehand, could affect operating results and financial condition.」
The company continues to disclose unexpected post-integration risks associated with corporate acquisitions and other transactions. - FY2016First statedAnnual report
「Although the company will conduct the necessary and sufficient reviews in making these decisions, changes in the economic environment and other factors, or the emergence after integration of unexpected risks that were not identifiable beforehand, could affect operating results and financial condition.」
The company identifies post-integration risks associated with acquisitions undertaken to expand its business and strengthen its competitiveness.