One-time amortization of ¥94.8 billion in goodwill related to 熊本銀行 and 親和銀行
First written in FY2017. 1 of 2 entries say "Cited as achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
1 other company's latest entry also says "Cited as achieved".
- FY2018-Q2Cited as achievedAnnual report
「Goodwill had been amortized on a straight-line basis over 20 years for the two companies. However, at the end of the previous fiscal year, 31 March 2017, the Group made a one-time amortization of goodwill in connection with the impairment of shares in consolidated subsidiaries, based on paragraph 32 of the Practical Guidelines for Capital Consolidation Procedures in Consolidated Financial Statements.」
The one-time amortization of goodwill related to 熊本銀行 and 親和銀行 is reaffirmed as a past accounting treatment completed at the end of the previous consolidated fiscal year. - FY2017First statedAnnual report
「As a result of revaluing the equity value of 熊本銀行 and 親和銀行, impairment arose in the shares of both banks in our non-consolidated financial statements. Accordingly, the entire unamortized balance of goodwill, ¥94.8 billion, was amortized in the consolidated financial statements.」
The Group disclosed a one-time amortization of the ¥94.8 billion unamortized goodwill balance related to the two banks following a revaluation of their equity value in light of negative interest rates and other factors.