Gain on bargain purchase arising from the acquisition of Tokyo Ohka Kogyo's process equipment business
First written in FY2023-Q3. 1 of 5 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2025.
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- FY2025Payment of Contingent ConsiderationAnnual report
「Payment of contingent consideration: ¥1,422 million」
An additional purchase consideration of ¥1,422 million was paid for the process equipment business acquired from TOKYO OHKA KOGYO CO.,LTD., pursuant to the earn-out provision. - FY2025-H1ReframedAnnual report
「In the “Semiconductor Business-Related” segment, new goodwill of ¥288 million arose because the total contingent consideration for the business combination with the company established by TOKYO OHKA KOGYO CO.,LTD. to prepare for the separation of its process equipment business, conducted on 1 March 2023, was finalized. The goodwill is being amortized over 7 years, and goodwill amortization of ¥75 million corresponding to the period from the business combination date to the end of the interim consolidated accounting period was recorded under selling, general and administrative expenses.」
For the acquisition of TOKYO OHKA KOGYO CO.,LTD.'s process equipment business, the finalization of the contingent consideration resulted in new goodwill of ¥288 million, to be amortized over 7 years, with ¥75 million recorded as amortization expense. The income statement also included the reversal of the ¥1,134 million gain on bargain purchase. - FY2024-Q3AchievedAnnual report
「Provisional accounting treatment had been applied in the cumulative period through the third quarter of the previous fiscal year, but was finalized in the third quarter of the current fiscal year.」
The provisional accounting treatment related to TOKYO OHKA KOGYO CO.,LTD.'s acquisition of the process equipment business was finalized, and the gain on bargain purchase was finalized at ¥1,134 million, down from ¥1,172 million. - FY2023Update to provisional amountAnnual report
「Amount and cause of gain on bargain purchase: ① Amount of gain on bargain purchase: ¥1,134 million. The amount of the gain on bargain purchase was calculated provisionally because the purchase price allocation had not been completed.」
The provisional gain on bargain purchase was updated from ¥1,172 million stated for the third quarter to ¥1,134 million, although the purchase price allocation remains incomplete. - FY2023-Q3First statedAnnual report
「The gain on bargain purchase recognized in connection with this event was ¥1,172 million.」
A gain on bargain purchase of ¥1,172 million was recognized upon acquiring the company established to prepare for the separation of the process equipment business, as the fair value of net assets exceeded the acquisition cost. The amount was calculated provisionally because the purchase price allocation had not been completed.