Performance-based earn-out provision for the acquisition of a business
First written in FY2021-Q2. 1 of 3 entries say "Restated". Latest entry: FY2022.
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- FY2022AdvancedAnnual report
「Payment of contingent consideration for a business acquisition: ¥25.129 million」
The Company recorded a payment of contingent consideration related to the business acquisition, indicating progress on the transaction under the earn-out provision. - FY2021-Q3RestatedAnnual report
「The agreement includes a performance-linked earn-out provision. If the following target revenue is exceeded, an additional payment will be made based on the amount by which it is exceeded. The additional payment is subject to a deadline and is capped. First period ¥250 million Second period ¥550 million Third period and thereafter ¥600 million」
The business transfer agreement continues to disclose the conditions, deadline and cap for additional payments linked to target revenue. - FY2021-Q2First statedAnnual report
「The agreement includes a performance-linked earn-out provision. If the following target revenue is exceeded, an additional payment will be made based on the amount by which it is exceeded. The additional payment is subject to a deadline and is capped. First period ¥250 million Second period ¥550 million Third period and thereafter ¥600 million」
The business transfer agreement includes a performance-linked provision requiring additional consideration if target revenue is exceeded, with thresholds of ¥250 million for the first period, ¥550 million for the second period and ¥600 million for the third period and thereafter.