Provisional recognition of goodwill arising from the acquisition of Revolution Retail Systems
First written in FY2022-Q3. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
52 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「The business combination with Revolution Retail Systems, LLC completed on 20 December 2021 was accounted for on a provisional basis during the previous consolidated fiscal year, but the accounting was finalized during the second quarter of the current fiscal year. Following the finalization of this provisional accounting, a material revision to the initial allocation of the purchase price has been reflected in the comparative information included in the quarterly consolidated financial statements for the cumulative second quarter of the current fiscal year.」
The previously provisional purchase price allocation for the Revolution Retail Systems, LLC business combination has been finalized, and a material revision has been reflected in the comparative information. Provisional goodwill of US$140 million was revised to US$92 million. - FY2022-Q3First statedAnnual report
「① Amount of goodwill recognized: US$155 million. The amount of goodwill was calculated on a provisional basis because the purchase price allocation had not been completed as of the end of the third quarter of the current fiscal year.」
In connection with the acquisition of Revolution Retail Systems, LLC, goodwill of US$155 million was recognized provisionally and is scheduled to be amortized on a straight-line basis over 10 years. The acquisition consideration was US$182 million, and the ownership interest acquired was 100%.