A Study of Goodwill and Intangible Fixed Asset on Business Combination: Pharmaceutical Companies in Japan

Yujiro Okura
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Yujiro Okura: Kansai University in Japan, Japan

Chapter 2 in M&A for Value Creation in Japan, 2009, pp 17-33 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe relationship between the parent company and the wholly owned subsidiary was established by Daiichi Pharmaceutical Co., Ltd. and Sankyo Company Limited exchanging stocks with Daiichi Sankyo Company Limited in September, 2005. Daiichi Sankyo Company Limited was obliged to submit Form 4 to the Securities and Exchange Commission (SEC) in June 2005, because the percentage of foreign shareholders of Daiichi Sankyo Company Limited was 32.7%. The purpose of this paper is to examine whether or not the evaluation was reasonable in deciding this share transfer percentage in accounting for goodwill and evaluation of intangible assets from study development. This examination is the first step in establishing the evaluation method in this field.

Keywords: M&A for Value Creation; Business Combination; Hostile Takeover; Corporate Governance; Target Firms; Merger and Acquisition; Earnings Management (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2009
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