Provisional recognition of goodwill arising from the acquisition of TSUTAYA's music streaming business
First written in FY2020-Q1. 1 of 2 entries say "Achieved", first in FY2020-Q2. Latest entry: FY2020-Q2.
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- FY2020-Q2AchievedAnnual report
「Regarding the acquisition of the music distribution business, including TSUTAYA ミュージコ♪, provisional accounting treatment was applied through the first quarter of the consolidated fiscal year, and was finalized in the second quarter. Goodwill (provisional amount): ¥3,203.711 million; customer-related assets: △¥2,106 million; goodwill (final amount): ¥753.188 million.」
The provisional purchase price allocation associated with the acquisition of the TSUTAYA music distribution business was finalized, and goodwill was revised from ¥3,203.711 million to ¥753.188 million. - FY2020-Q1First statedAnnual report
「Amount of goodwill recognized: ¥3,203.711 million. Reason for recognition: The goodwill arose from the future excess earning power expected from the business development going forward. Amortization method and period: Straight-line amortization over 5 years.」
The company recorded ¥3,203.711 million in goodwill in connection with the acquisition of TSUTAYA's music streaming business. The purchase price allocation was not complete, and the amount, amortization method and amortization period were disclosed as provisional accounting treatment.