Gain from negative goodwill arising from the acquisition of EXCEL
First written in FY2021-Q1. . Latest entry: FY2022-Q1.
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- FY2022-Q1Prior-year gain on bargain purchase eliminatedAnnual report
「Net income attributable to owners of the parent was ¥2,872 million, down 66.6% year on year, as the ¥7,963 million gain on bargain purchase recognized as extraordinary income in the previous consolidated fiscal year in connection with the acquisition of a business was not repeated.」
The ¥7,963 million gain on bargain purchase arising from the acquisition of エクセル was a prior-year one-off factor and was not repeated, resulting in quarterly net income attributable to owners of the parent of ¥2,872 million. - FY2021Provisional gain on bargain purchase finalizedAnnual report
「Provisional accounting treatment was applied in the first quarter of the current consolidated fiscal year, but was finalized at the end of the current consolidated fiscal year. Following the revision of the purchase price allocation, the provisionally calculated gain on bargain purchase of ¥8,007 million decreased by ¥44 million upon finalization of the accounting treatment, to ¥7,963 million.」
The gain on bargain purchase arising from the acquisition of エクセル was finalized at ¥7,963 million, down ¥44 million from the provisional amount of ¥8,007 million. - FY2021-Q2Provisional gain on bargain purchase updatedAnnual report
「In the Electronic Components business, we recognized a gain on bargain purchase of ¥7,963 million. This arose when we acquired shares in 株式会社エクセル. The amount of the gain on bargain purchase was calculated provisionally because the identification and fair value measurement of identifiable assets and liabilities as of the business combination date had not been completed, and the allocation of the acquisition cost was therefore unfinished.」
The gain on bargain purchase arising from the acquisition of エクセル was updated to ¥7,963 million, with the disclosure clarifying that the allocation of the acquisition cost was incomplete and the amount was provisional. - FY2021-Q1First statedAnnual report
「In the Electronic Components business, we recognized a gain on bargain purchase of ¥8,007 million. This arose when we acquired shares in エクセル on 1 April 2020.」
Because the fair value of net assets acquired through the purchase of shares in エクセル exceeded the acquisition cost, we recognized a gain on bargain purchase of ¥8,007 million. This was a major factor behind the increase in net income attributable to owners of the parent.