Application of the Acquisition Method to a Transaction under Common Control Involving Non-Controlling Shareholders
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.
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- FY2023-Q3AchievedAnnual report
「Accordingly, beginning with the three-month period ended 31 December 2022, the method of accounting for common-control transactions carried out in the presence of non-controlling interests was changed to the acquisition method, and the accounting treatment was applied retrospectively.」
The policy announced in the previous quarter to apply the acquisition method to common-control transactions involving non-controlling interests was implemented from the quarter ended 31 December 2022 and applied retrospectively to prior-year financial statements. - FY2023-Q2First statedAnnual report
「For business combinations under common control carried out in the presence of non-controlling interests, we believe that accounting for and reflecting them in the financial statements using the acquisition method, as with business combinations within the scope of IFRS 3, leads to an appropriate valuation of potential business value and provides more relevant and reliable information for users of financial statements in making economic decisions.」
Following the conversion of PayPay into a subsidiary, the company first indicated that it planned to change its accounting policy for common-control transactions involving non-controlling interests from the previous parent-company carrying-value basis to the acquisition method, with retrospective application from the quarter ended 31 December 2022. It also planned to retrospectively revise the conversion of Yahoo Japan into a subsidiary in 2019 and other transactions, expecting increases as of the end of FY2022 of ¥376,500 million in assets, ¥58,147 million in liabilities and ¥318,353 million in equity.