Adjustment to Goodwill Following Finalization of Consideration for the Acquisition of ヴィッツジャパン
First written in FY2019-Q3. 2 of 3 entries say "Restated". Latest entry: FY2020-Q2.
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- FY2020-Q2RestatedAnnual report
「The business combination with ヴィッツジャパン㈱ on 1 July 2018 was accounted for provisionally during the cumulative second quarter of the previous fiscal year, but the accounting treatment was finalized during the third quarter of the previous fiscal year.」
It reiterates that the provisional accounting treatment for the business combination with ヴィッツジャパン was finalized and that the finalized purchase price allocation has been reflected in the comparative information. - FY2019RestatedAnnual report
「As payment of the contingent consideration became fixed in March 2019, the consideration paid was additionally recognized as if it had arisen at the acquisition date, with the consideration treated as acquisition cost.」
The annual report also confirms the adjustment to the acquisition cost and goodwill following the final determination of the contingent consideration for ヴィッツジャパン. - FY2019-Q3First statedAnnual report
「As payment of the contingent consideration became fixed, the consideration paid was additionally recognized as if it had arisen at the acquisition date, with the consideration treated as acquisition cost. The amount of goodwill and the goodwill amortization expense were also revised.」
Following confirmation of payment of ¥48.892 million in contingent consideration for ヴィッツジャパン, the disclosure states that goodwill was revised to ¥48.013 million, goodwill amortization expense for the current third-quarter consolidated accounting period was ¥4.501 million, and the goodwill would be amortized on a straight-line basis over 8 years.