Correction of prior-period error in the accounting treatment for the acquisition of 株式会社シカタ
First written in FY2023-Q1. 1 of 2 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2021: 2 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2023-Q2AdvancedAnnual report
「As a result, operating profit, ordinary profit and profit before income taxes for the cumulative second-quarter period decreased by ¥57 million each, while net profit attributable to owners of the parent increased by ¥22 million. In addition, goodwill decreased by ¥239 million, customer-related assets increased by ¥400 million and deferred tax liabilities increased by ¥138 million for the second quarter.」
The prior-period errors relating to the business combination accounting for シカタ were corrected in full, and the amounts of the effects on goodwill, customer-related assets and deferred tax liabilities were disclosed in detail. - FY2023-Q1First statedAnnual report
「In the accounting for the business combination in which 株式会社シカタ, made a subsidiary as of 27 April 2018, was the acquiree, identifiable intangible assets, namely customer-related assets and backlog, and the related deferred tax liabilities had not been recognized. As a result, goodwill had been overstated.」
In the business combination accounting for シカタ, the prior-period errors arising from the failure to recognize customer-related assets, backlog and the related deferred tax liabilities were corrected in full in the current quarter. Goodwill decreased by ¥239 million, customer-related assets increased by ¥400 million and deferred tax liabilities increased by ¥138 million.