Provisional purchase price allocation for the acquisition of a solar power generation business
First written in FY2024-Q1. 2 of 4 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2025-Q1.
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- FY2025-Q1AchievedAnnual report
「The business combination with TES Tohoku Co., Ltd. completed on 31 December 2023 was accounted for provisionally during the previous consolidated fiscal year and was finalized during the first quarter of the current consolidated fiscal year. Following finalization of the provisional accounting treatment, a revision to the initial allocation of the purchase price has been reflected in the comparative information included in the quarterly consolidated financial statements for the first quarter of the current consolidated fiscal year. As a result, the provisionally calculated goodwill of ¥136 million decreased by ¥28 million upon finalization of the accounting treatment, to ¥107 million. Customer-related assets (other intangible fixed assets) of ¥44 million and deferred tax liabilities included in non-current liabilities of ¥15 million were newly recognized, and the customer-related assets are being amortized on a straight-line basis over 7 years. The amortization period for goodwill remains unchanged at 7 years.」
The provisional purchase price allocation for the business combination with TES Tohoku Co., Ltd. was finalized, and goodwill was revised from ¥136 million to ¥107 million. Customer-related assets of ¥44 million and deferred tax liabilities of ¥15 million were newly recognized, and the customer-related assets are being amortized on a straight-line basis over 7 years. - FY2024Addition of provisional accounting treatment for another business combinationAnnual report
「Because the purchase price allocation had not been completed, provisional accounting treatment was applied based on reasonable information available at that time. Amount of goodwill recognized: ¥136 million Amortized on a straight-line basis over 7 years」
For the acquisition of all shares of TES Tohoku Co., Ltd., provisional accounting treatment was applied because the purchase price allocation had not been completed. Goodwill of ¥136 million is being amortized on a straight-line basis over 7 years. - FY2024-Q2AchievedAnnual report
「The business acquisition from Amenity Planet Co., Ltd. on 1 March 2023 was accounted for provisionally during the first quarter of the current consolidated fiscal year and was finalized during the second quarter. As a result, there were no changes to the amount, amortization method or amortization period of the contract-related intangible asset. A contract-related intangible asset of ¥119 million was identified and is being amortized on a straight-line basis over 12 years. No goodwill or negative goodwill arose.」
The provisional accounting treatment for the purchase price allocation related to the business acquisition from Amenity Planet Co., Ltd. was finalized during the second quarter of the current consolidated fiscal year. A contract-related intangible asset of ¥119 million is being amortized on a straight-line basis over 12 years, and no goodwill or negative goodwill arose. - FY2024-Q1First statedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, the purchase price allocation had not been completed, and no goodwill or negative goodwill had arisen at that point. Contract-related intangible asset: ¥119 million The amount of the contract-related intangible asset may change because the purchase price allocation had not been completed at the end of the first quarter of the current consolidated fiscal year. Amortized on a straight-line basis over 12 years」
For the acquisition of the solar power generation business, the allocation of the purchase price of ¥425 million remained incomplete at the end of the quarter. A contract-related intangible asset of ¥119 million was provisionally recognized and is being amortized on a straight-line basis over 12 years.