Provisional Accounting Treatment for the テスコム電機 Group Business Combination
First written in FY2024-Q2. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AchievedAnnual report
「The allocation of the acquisition cost had not been completed and provisional accounting treatment had been applied at the end of the second and third quarters. However, the allocation of the acquisition cost was finalized at the end of the fiscal year.」
The provisional accounting treatment for the business combination involving the テスコム電機 Group was finalized at the end of FY2024, and goodwill was revised from the provisional amount of ¥1,806 million to ¥1,251 million. - FY2024-Q2First statedAnnual report
「The acquisition of the entire equity interest in the target company, the parent of the テスコム電機 Group, is intended to accelerate the growth of our Group's home-appliance business by acquiring the planning, design, manufacturing and quality-control expertise needed to build out vertically the home-appliance business identified by our company as a new-business theme. The テスコム電機 Group has established market recognition as a major player in beauty appliances, including hair dryers and hair irons, as well as market share and recognition in cooking appliances such as hot plates and blenders.」
For the business combination involving the テスコム電機 Group, the acquisition cost was provisionally calculated at ¥9,600 million and goodwill at ¥1,806 million. The accounting treatment disclosed provided for the goodwill to be amortized on a straight-line basis over 5 years.