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Acquisitions and Divestitures (Tables)

12 Months Ended

Mar. 31, 2023

Business Combinations [Abstract]

Fair Value Amounts Allocated to Assets Acquired and Liabilities

The following table provides preliminary fair value amounts allocated to assets acquired and liabilities assumed from DHC. The acquisition occurred during the three months ended March 31, 2023, and purchase price allocation has not yet been finalized as of June 26, 2023. In particular, the final fair value measurements for certain acquired intangible assets have not yet been completed, which could result in a change in the amount of the intangible assets. This change is not expected to have a significant effect on the Company’s consolidated statement of income.

		Millions of yen
		Fair value amounts of assets, liabilities
Cash and Cash Equivalents		¥	101,254
Property under Facility Operations			18,790
Trade Notes, Accounts and Other Receivable			11,117
Inventories			17,370
Office Facilities			17,316
Other Assets and other			197,840
Total Assets			363,687
Short-Term Debt			5,000
Trade Notes, Accounts and Other Payable			13,748
Current and Deferred Income Taxes			25,472
Other Liabilities			19,114
Total Liabilities			63,334
Noncontrolling interests			353
Net		¥	300,000

Other Intangible Assets Recognized in this Acquisition

Other intangible assets recognized in this acquisition consist of the following:

		Millions of yen				Years
		Acquired intangibles recorded at fair value				Weighted-average amortization period
Intangible assets that have indefinite useful lives:
Trade names		¥	68,800				—
Subtotal			68,800
Intangibles subject to amortization:
License			15,500				15
Subtotal			15,500
Total		¥	84,300

Operations of the Company and its Subsidiaries

The following unaudited supplemental pro forma financial information presents the combined results of operations of the Company and its subsidiaries as though the acquisition had occurred as of April 1, 2021, the beginning of the fiscal year ended March 31, 2022:

		Millions of yen
		March 31, 2022				March 31, 2023
Total revenues		¥	2,610,484			¥	2,756,904
Net Income			322,756				294,352

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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