SoftBank Results Presentation Deck
No Impact on SBG from PayPay's Conversion into Subsidiary of SBKK
PayPay became a subsidiary of SBKK and Z Holdings from Oct 2022.
SBKK
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SoftBank
PayPay's conversion into a subsidiary: Plan to record remeasurement gain
relating to business combination in FY22Q3.
Change in accounting policy:
Plan to change to acquisition method* from book-value method (pooling of
interests method) for transactions made under common control involving non-
controlling interests from FY22Q3, in conjunction with PayPay's conversion into a
subsidiary.
Retroactively apply the accounting policy for transactions such as the consolidation
of Yahoo Japan (currently Z Holdings) in Jun 2019 → Recognize identifiable
intangible assets → Expect to record amortization expenses
SBG
Has no above impact and will not record remeasurement gain or amortization
expenses, as PayPay and Z Holdings have consistently been consolidated subsidiaries.
Group
* SBKK previously accounted for transactions under common control based on the carrying amount of the parent company's assets and liabilities (book-value method or
pooling of interests method), and regardless of the actual date of the transaction under common control, retrospectively combined the financial statements of the
transferred companies as if such transactions were executed by SBKK on the later of the date when the parent obtained control of the transferred companies prior to the
transfer, or the opening balance sheet date of the comparative period as part of the consolidated financial statements of SBKK.
Accounting 4View entire presentation