| Schedule of Consideration transferred and purchase price allocation |
| Schedule of Consideration transferred and purchase price allocation | |
| | | |
| | | |
| | |
| | |
Well Resources | | |
Tokai Sports | | |
Total | |
| | |
JPY | | |
JPY | | |
JPY | |
| Cash consideration transferred | |
| 120,000,000 | | |
| 101,276,400 | | |
| 221,276,400 | |
| Recognized amounts of identifiable assets acquired: | |
| | | |
| | | |
| | |
| Cash and bank deposits | |
| - | | |
| 39,236,980 | | |
| 39,236,980 | |
| Accounts receivable | |
| - | | |
| 561,228 | | |
| 561,228 | |
| Advance payments | |
| - | | |
| 286,000 | | |
| 286,000 | |
| Prepaid expenses | |
| - | | |
| 65,835 | | |
| 65,835 | |
| Suspense payments and other current assets | |
| - | | |
| 180,390 | | |
| 180,390 | |
| Property and equipment, net | |
| 214,526 | | |
| 4,300,949 | | |
| 4,515,475 | |
| Telephone subscription rights | |
| - | | |
| 284,491 | | |
| 284,491 | |
| Deposits and guarantees | |
| - | | |
| 524,240 | | |
| 524,240 | |
| Operating lease right-of-use assets | |
| 13,610,473 | | |
| 3,327,164 | | |
| 16,937,637 | |
| Finance lease right-of-use assets | |
| 3,381,666 | | |
| 4,359,094 | | |
| 7,740,760 | |
| Intangible assets, net | |
| 61,464,000 | | |
| 21,925,000 | | |
| 83,389,000 | |
| Deferred tax assets | |
| 731,954 | | |
| 407,179 | | |
| 1,139,133 | |
| Liabilities assumed: | |
| | | |
| | | |
| | |
| Accounts payable and accruals | |
| - | | |
| (4,312,971 | ) | |
| (4,312,971 | ) |
| Other current liabilities | |
| - | | |
| (1,266,310 | ) | |
| (1,266,310 | ) |
| Deposits received | |
| - | | |
| (1,070,287 | ) | |
| (1,070,287 | ) |
| Accrued liabilities and other | |
| - | | |
| (2,020,960 | ) | |
| (2,020,960 | ) |
| Accrued liabilities | |
| (2,065,916 | ) | |
| (1,149,250 | ) | |
| (3,215,166 | ) |
| Operating lease liabilities, current | |
| (7,047,559 | ) | |
| (1,830,672 | ) | |
| (8,878,231 | ) |
| Finance lease liabilities, current | |
| (1,382,200 | ) | |
| (815,594 | ) | |
| (2,197,794 | ) |
| Operating lease liabilities, non-current | |
| (6,562,914 | ) | |
| (1,496,492 | ) | |
| (8,059,406 | ) |
| Finance lease liabilities, non-current | |
| (1,999,466 | ) | |
| (3,543,500 | ) | |
| (5,542,966 | ) |
| Deferred tax liabilities | |
| (21,776,695 | ) | |
| (7,768,028 | ) | |
| (29,544,723 | ) |
| Total identifiable net assets acquired | |
| 38,567,869 | | |
| 50,184,486 | | |
| 88,752,355 | |
| Goodwill recognized | |
| 81,432,131 | | |
| 51,091,914 | | |
| 132,524,045 | |
|