Gain on negative goodwill arising from the acquisition of Seven Card Service
First written in FY2024-Q2. 1 of 2 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「During the consolidated fiscal year, the acquisition of shares in セブン・カードサービス and its conversion into a consolidated subsidiary resulted in a gain on bargain purchase in the credit card and electronic money business segment. The gain on bargain purchase recognized from this transaction was ¥21,540 million.」
The company confirmed the recognition of a ¥21,540 million gain on bargain purchase for the full year in connection with making セブン・カードサービス a consolidated subsidiary. - FY2024-Q2First statedAnnual report
「During the interim consolidated accounting period, the acquisition of shares in セブン・カードサービス and its conversion into a consolidated subsidiary resulted in a gain on bargain purchase in the credit card and electronic money business segment. The gain on bargain purchase recognized from this transaction was ¥21,540 million.」
The company recognized a ¥21,540 million gain on bargain purchase in the credit card and electronic money business in connection with making セブン・カードサービス a consolidated subsidiary.