Recognition of goodwill and contingent consideration in connection with the acquisition of the business of 田中医科器械製作所
First written in FY2024-Q1. 1 of 4 entries say "Restated". Latest entry: FY2024.
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- FY2024AchievedAnnual report
「Consideration transferred Cash ¥550 million Contingent consideration ¥250 million Acquisition cost ¥800 million」
The earn-out consideration of ¥250 million related to the acquisition of the business of 田中医科器械製作所 was confirmed, finalizing the acquisition cost at ¥800 million. The ¥800 million in goodwill recognized will be amortized on a straight-line basis over 8 years. - FY2024-Q3AdvancedAnnual report
「Additional acquisition cost recognized (amount of goodwill recognized) ¥250 million 2. Additional goodwill amortization recognized ¥23.437 million」
Payment of contingent consideration of ¥250 million related to the acquisition of the business of 田中医科器械製作所 was confirmed, and the company additionally recognized the acquisition cost and goodwill. - FY2024-Q2RestatedAnnual report
「Goodwill ¥550 million Business acquisition price ¥550 million Cash and cash equivalents ¥0 million Less: expenditure for business acquisition ¥550 million」
In connection with the acquisition of the business of 田中医科器械製作所, the company recognized goodwill and a business acquisition price of ¥550 million and reconfirmed the same amount as an investing cash outflow. - FY2024-Q1First statedAnnual report
「Consideration transferred Cash ¥550 million Acquisition cost ¥550 million (Note) The consideration transferred does not include contingent consideration. Under the agreement for contingent consideration (earn-out consideration), an additional payment of between ¥0 million and ¥250 million may be made depending on the level of performance achieved over a specified period, but the amount has not yet been determined. If an additional payment is made, the acquisition cost will be revised as if the payment had arisen at the acquisition date, together with the amount of goodwill and goodwill amortization. (1) Amount of goodwill recognized: ¥550 million The amount of goodwill is provisional because the allocation of the acquisition cost had not been completed as of the end of the current first-quarter consolidated accounting period. (3) Amortization method and period Straight-line amortization over 8 years」
In connection with the acquisition of the business of 田中医科器械製作所, the company provisionally recognized an acquisition cost of ¥550 million and goodwill of ¥550 million, to be amortized on a straight-line basis over 8 years. Earn-out consideration of between ¥0 million and ¥250 million may arise depending on the level of performance achieved, and the amount has not yet been determined.