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Acquisitions and Divestitures (Tables)

6 Months Ended

Sep. 30, 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 November 13, 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			18,498
Trade Notes, Accounts and Other Receivable			11,117
Inventories			19,097
Office Facilities			17,763
Other Assets and other			199,415
Total Assets			367,144
Short-Term Debt			5,000
Trade Notes, Accounts and Other Payable			13,748
Current and Deferred Income Taxes			29,752
Other Liabilities			18,292
Total Liabilities			66,792
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
Customer relationships			11,213				16
Subtotal			26,713
Total		¥	95,513

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
		Six months ended September 30, 2022
Total revenues		¥	1,410,833
Net Income			131,971

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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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

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-Topic 805
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-Name Accounting Standards Codification
-Paragraph 1
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