Preparation of the first consolidated financial statements and reverse acquisition accounting
First written in FY2023-Q3. 4 of 5 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「The share exchange constitutes a reverse acquisition under the accounting standards for business combinations. As 共立印刷 is the accounting acquirer and we are the accounting acquiree, the consolidated financial statements incorporate the identifiable assets and liabilities into 共立印刷’s consolidated financial statements after measuring the assets and liabilities shown in our financial statements immediately before the share exchange at fair value.」
The circumstances surrounding reverse acquisition accounting and the preparation of consolidated financial statements continue to be disclosed. - FY2024-Q2RestatedAnnual report
「As a new subsidiary became subject to consolidation through the share exchange, we prepared consolidated financial statements for the first time from the third quarter of the fiscal year ending March 2023.」
The circumstances leading to the preparation of consolidated financial statements for the first time and why comparisons with the same quarter of the previous year are unavailable are explained again. - FY2024-Q1RestatedAnnual report
「As a new subsidiary became subject to consolidation through the share exchange, we prepared consolidated financial statements for the first time from the third quarter of the fiscal year ending March 2023.」
The reasons for preparing consolidated financial statements for the first time and why comparisons with the same period of the previous year are unavailable are explained again. - FY2023RestatedAnnual report
「The share exchange constitutes a reverse acquisition under the accounting standards for business combinations. As 共立印刷 is the accounting acquirer and we are the accounting acquiree, the consolidated financial statements incorporate the identifiable assets and liabilities into 共立印刷’s consolidated financial statements after measuring the assets and liabilities shown in our financial statements immediately before the share exchange at fair value.」
The full-year report also explains the accounting treatment under which 共立印刷 is the accounting acquirer in the reverse acquisition, as well as the preparation of the first consolidated financial statements. - FY2023-Q3First statedAnnual report
「As the share exchange resulted in a new subsidiary being included in the scope of consolidation, we prepared consolidated financial statements for the first time.」
The consolidation scope includes 8 companies, based on a reverse acquisition in which 共立印刷 is the accounting acquirer and we are the accounting acquiree.