Provisional Purchase Price Allocation Relating to the Acquisition of 杉本商事
First written in FY2024-Q2. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Provisional accounting treatment had been applied in the first quarter of the previous fiscal year for the business combination with SUGIMOTO & CO.,LTD. conducted on 5 April 2023, but was finalized in the third quarter of the previous fiscal year.」
It was reconfirmed in the comparative information that the provisional purchase price allocation relating to the acquisition of SUGIMOTO & CO.,LTD. was finalized in the third quarter of the previous fiscal year. - FY2025-Q1RestatedAnnual report
「Provisional accounting treatment had been applied in the first quarter of the previous fiscal year for the business combination with SUGIMOTO & CO.,LTD. conducted on 5 April 2023, but was finalized in the third quarter of the previous fiscal year.」
It was reconfirmed that the provisional accounting treatment relating to the acquisition of SUGIMOTO & CO.,LTD. was finalized in the third quarter of the previous fiscal year and that the finalized purchase price allocation was reflected in the comparative information. - FY2024-Q3AchievedAnnual report
「Regarding SUGIMOTO & CO.,LTD., acquired by the consolidated subsidiary DAISEKI ENVIRONMENTAL SOLUTIONS on 5 April 2023, provisional accounting treatment had been applied in the first quarter of the current fiscal year, but was finalized in the third quarter. As a result of revising the initial purchase price allocation upon finalization of the provisional accounting treatment, buildings and structures increased by ¥68 million, customer-related assets increased by ¥936 million, and deferred tax liabilities increased by ¥326 million, while deferred tax assets decreased by ¥18 million. Accordingly, goodwill provisionally calculated at ¥1,500 million decreased by ¥660 million upon finalization of the accounting treatment, to ¥840 million.」
The provisional purchase price allocation relating to the acquisition of SUGIMOTO & CO.,LTD. was finalized, and the amounts of buildings and structures, customer-related assets, deferred tax liabilities, deferred tax assets and goodwill were determined. Goodwill decreased by ¥660 million from ¥1,500 million to ¥840 million. - FY2024-Q2First statedAnnual report
「Subsequently, as the identification of identifiable assets and liabilities and the determination of their fair values progressed, accounting treatment was performed based on the reasonable information available as of the end of the second quarter of the current fiscal year. Compared with the end of the first quarter, customer-related assets increased by ¥938 million and deferred tax liabilities increased by ¥322 million, resulting in goodwill of ¥883 million. Goodwill is being amortized over 14 years.」
For the business combination involving SUGIMOTO & CO.,LTD., provisional accounting treatment based on the identification of identifiable assets and liabilities and the determination of their fair values progressed. Customer-related assets of ¥938 million, deferred tax liabilities of ¥322 million, goodwill of ¥883 million and a 14-year goodwill amortization period were disclosed. However, the identification and fair value determination were still incomplete as of the quarter-end.