Provisional Accounting Treatment Related to Business Combinations Involving CHESMAR HOMES and Others
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q1.
52 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「The provisional accounting treatment for the business combinations with CHESMAR HOMES, LLC and ENTITLED INSURANCE AGENCY, INC. carried out on 1 July 2022 (US time), and with CLM MORTGAGE, INC. and N TITLE, INC. carried out on 30 December 2022 (US time), in the previous consolidated fiscal year was finalized during the first-quarter consolidated accounting period. As a result, goodwill provisionally calculated at ¥33,558 million decreased by ¥11,599 million to ¥21,959 million upon finalization of the accounting treatment, and will be amortized over 5 years.」
The provisional accounting treatment for the business combinations involving Chesmar Homes and other entities was finalized, and goodwill was revised from ¥33,558 million to ¥21,959 million. - FY2023-Q2First statedAnnual report
「Consideration for acquisition: Cash ¥64,809 million; acquisition cost: ¥64,809 million. Goodwill recognized: ¥32,039 million. Because the allocation of the acquisition cost had not been completed as of the end of the second-quarter consolidated accounting period, provisional accounting treatment was performed based on the reasonable information available.」
For the acquisition of Chesmar Homes and other entities, the company recognized an acquisition cost of ¥64,809 million and goodwill of ¥32,039 million, with the purchase price allocation treated provisionally.