Recognition of Provisional Goodwill in Connection with the Acquisition of English Language Company Australia
First written in FY2019-Q2. 1 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2019.
52 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「At the acquisition date, the purchase price allocation was accounted for provisionally, but it was finalized during the current consolidated fiscal year. No adjustment was made to the amount of goodwill.」
The provisional purchase price allocation for the business combination involving English Language Company Australia was finalized, with no adjustment to the ¥248.642 million in goodwill. - FY2019-Q3Update to goodwill subject and amountAnnual report
「In the Language-Related Business segment, the company acquired the shares of English Language Company Australia Pty Ltd. on 4 September 2018. It also acquired the shares of 株式会社ダイナミック・ビジネス・カレッジ in the same segment on 11 January 2019. The increase in goodwill resulting from these transactions was ¥983.759 million during the cumulative third quarter of the current consolidated fiscal year. The amount of goodwill was calculated provisionally because the purchase price allocation had not been completed as of the end of the third quarter of the current consolidated accounting period.」
The company disclosed goodwill of ¥983.759 million arising from the acquisition of the language-related businesses, including English Language Company Australia and 株式会社ダイナミック・ビジネス・カレッジ, and stated that the amount was provisional. - FY2019-Q2First statedAnnual report
「Amount of goodwill recognized: ¥248.642 million The amount of goodwill was calculated provisionally because the purchase price allocation had not been completed as of the end of the second quarter of the current consolidated accounting period.」
The company recognized ¥248.642 million in goodwill on the acquisition of English Language Company Australia Pty Ltd. and disclosed that the amount was provisional because the purchase price allocation had not been completed. The goodwill is to be amortized on a straight-line basis over 15 years.