Decrease in goodwill following a review of the purchase price allocation for the acquisition of MISSION FLAVORS & FRAGRANCES, INC.
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
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- FY2021AchievedAnnual report
「Amount of goodwill recognized: ¥5,592 million. Amount and type of intangible fixed assets other than goodwill allocated from the purchase price, and amortization period: customer-related assets, ¥7,036 million; 20 years.」
The Company disclosed the finalized accounting treatment for the purchase price allocation for the acquisition of MISSION, consisting of goodwill of ¥5,592 million and customer-related assets of ¥7,036 million with an amortization period of 20 years, in its annual financial statements. - FY2021-Q2First statedAnnual report
「The Company continues to apply provisional accounting during the cumulative second quarter of the current consolidated fiscal year. Following a review of the purchase price allocation based on the latest reasonably available information, the Company recognized customer-related assets of US$67 million (¥7,036 million), among other items, and revised goodwill as follows: goodwill before revision: US$122 million (¥12,653 million); goodwill after revision: US$53 million (¥5,592 million).」
Following a review of the purchase price allocation for the acquisition of MISSION, the Company recognized customer-related assets of ¥7,036 million, among other items, and revised goodwill from ¥12,653 million to ¥5,592 million.