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Acquisitions and Divestitures (Tables)

12 Months Ended

Mar. 31, 2024

Business Combinations [Abstract]

Fair Value Amounts Allocated to Assets Acquired and Liabilities

the following table provides fair value amounts allocated to assets acquired and liabilities assumed from DHC.

		Millions of yen
		Preliminary Valuation 2023				Adjustments				Final Valuation 2024
Cash and Cash Equivalents		¥	101,254			¥	0			¥	101,254
Property under Facility Operations			18,790				(292	)			18,498
Trade Notes, Accounts and Other Receivable			11,117				0				11,117
Inventories			17,370				1,727				19,097
Office Facilities			17,316				447				17,763
Other Assets and other			197,840				5,390				203,230
Total Assets			363,687				7,272				370,959
Short-Term Debt			5,000				0				5,000
Trade Notes, Accounts and Other Payable			13,748				0				13,748
Current and Deferred Income Taxes			25,472				8,095				33,567
Other Liabilities			19,114				(823	)			18,291
Total Liabilities			63,334				7,272				70,606
Noncontrolling interests			353				0				353
Net		¥	300,000			¥	0			¥	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:
Trademarks and trade names		¥	77,721				—
Subtotal			77,721
Intangibles subject to amortization:
License			15,976				15
Customer relationships			11,213				16
Subtotal			27,189
Total		¥	104,910

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		¥	2,598,161				¥2,754,190
Net Income			327,997				310,937

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
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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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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- Definition

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
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
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