Recognition of ¥6.889 billion in goodwill associated with M&A
First written in FY2024-Q1. 2 of 5 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2026-H1.
0 other companies' latest entry also says "Other".
- FY2026-H1Goodwill amortization progressedAnnual report
「This was mainly due to an increase of ¥217 million in buildings and structures, despite decreases of ¥209 million in goodwill and ¥39 million in customer-related assets.」
Goodwill decreased by ¥209 million, from ¥5,462 million at the end of the previous consolidated fiscal year to ¥5,253 million, and goodwill amortization expense of ¥214 million was recorded during the current interim consolidated accounting period. Customer-related assets also decreased by ¥39 million. - FY2025-H1Goodwill amortization progressedAnnual report
「Goodwill amortization expense 100 201」
¥201 million in amortization expense was recorded for goodwill arising from M&A during the current interim consolidated accounting period, reducing the goodwill balance from ¥5,740 million to ¥5,539 million. - FY2024AdvancedAnnual report
「Although the Company determined that indicators of impairment existed for the goodwill and customer-related assets because the amounts allocated to these assets from the purchase price were relatively substantial, no impairment loss was recognized in the current consolidated fiscal year because the total undiscounted future cash flows generated by the businesses associated with these assets exceeded their carrying amounts.」
Following the finalization of the provisional accounting treatment for the business combination, ¥5,740 million in goodwill and ¥1,125 million in customer-related assets were recognized, and annual goodwill amortization of ¥302 million was disclosed. - FY2024-Q2AdvancedAnnual report
「Goodwill amortization - 114」
¥114 million in amortization expense was recorded for goodwill arising from M&A during the cumulative second-quarter period. Goodwill was reported at ¥6,775 million. - FY2024-Q1First statedAnnual report
「In the Funeral Services segment, goodwill arose as a result of the acquisition of all shares of HKD-VV3 Co., Ltd. and HKD-V3 Co., Ltd., which own the core company Hakkoden Co., Ltd. and other affiliates, and all shares of TTR-TT Co., Ltd., which owns the core company Tokai Tenrei Co., Ltd. and other affiliates, during the current first-quarter consolidated accounting period, and their inclusion in the scope of consolidation. The increase in goodwill resulting from this transaction was ¥6,889 million in the current first-quarter consolidated accounting period.」
¥6,889 million in goodwill was recognized in connection with the acquisition. As the purchase price allocation has not been completed, this is a provisional amount, and straight-line amortization over 15 years is planned.