Gain on negative goodwill arising from the acquisition of Spick
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
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- FY2023DroppedAnnual report
「Gain on bargain purchase 397,938 -」
The gain on bargain purchase arising from the acquisition of Spic International remains in the comparative information for the previous consolidated fiscal year, but was not recorded in the current consolidated fiscal year. Goodwill of ¥95.685 million was recorded for the current acquisition. - FY2022-Q3RestatedAnnual report
「This was mainly due to an increase in funds from profit before income taxes of ¥210 million, a ¥35 million decrease in trade receivables, and a ¥29 million decrease in inventories, among other factors, and a decrease in funds from a gain on bargain purchase of ¥397 million, a ¥12 million decrease in trade payables, and other factors.」
The ¥397 million gain on bargain purchase arising from the acquisition of Spic International continued to be disclosed as a factor affecting cash movements during the cumulative third quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「Funds decreased by ¥147 million as a result of operating activities. This was mainly due to an increase in funds from profit before income taxes of ¥210 million, a ¥35 million decrease in trade receivables, and a ¥29 million decrease in inventories, among other factors, and a decrease in funds from a gain on bargain purchase of ¥397 million, a ¥12 million decrease in trade payables, and other factors.」
The ¥397 million gain on bargain purchase arising from the acquisition of Spic International continued to be recorded in the consolidated income statement and cash flows. - FY2022-Q1First statedAnnual report
「Gain on bargain purchase ¥397.938 million ② Reason for recognition The fair value of net assets exceeded the acquisition consideration.」
In the acquisition of Spic International, a gain on bargain purchase of ¥397.938 million was recorded because the fair value of net assets exceeded the acquisition consideration. The acquisition cost was not disclosed at the seller's request.