Finalization of purchase price allocation for the RFP business combination
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2023. Latest entry: FY2023.
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- FY2023AchievedAnnual report
「For the business combination with Russia Forest Products (BVI) Limited and its 18 subsidiaries conducted in January 2022, we applied provisional accounting in the previous consolidated fiscal year because the fair values of the acquired assets and assumed liabilities had not been finalized. These values were finalized during the current consolidated fiscal year. As a result of the adjustments below to the acquisition cost and initial allocation following the finalization of the provisional accounting, goodwill as of the acquisition date decreased by ¥9,382 million.」
The purchase price allocation and consideration paid for the RFP Group business combination were finalized, transitioning from provisional to finalized accounting. Goodwill decreased by ¥9.382 billion. - FY2023-Q3First statedAnnual report
「For the business combination with Russia Forest Products (BVI) Limited and its 18 subsidiaries conducted in January 2022, we applied provisional accounting in the previous consolidated fiscal year because the fair values of the acquired assets and assumed liabilities had not been finalized. These values were finalized during the third quarter of the current consolidated fiscal year. As a result of the adjustments below to the acquisition cost and initial allocation following the finalization of the provisional accounting, goodwill decreased by ¥9,382 million.」
The provisional treatment of the fair value of the assets and liabilities acquired and the consideration paid in the business combination with RFP and its 18 subsidiaries was finalized, and goodwill decreased by ¥9.382 billion following revisions to the purchase price allocation.