Goodwill and Other Intangible Assets

12 Months Ended

Mar. 31, 2011

Goodwill and Other Intangible Assets [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill — The changes in the carrying amount of goodwill for the years ended March 31, 2011 and 2010 were as follows:


	Peach John Segment
	2011
	Millions of			Thousands of
	Yen			U.S. Dollars

Balance at beginning of year:
Goodwill	¥	11,203		$	135,367
Accumulated impairment losses

Total		11,203			135,367

Impairment losses		(836	)		(10,101	)

Total		(836	)		(10,101	)

Balance at end of year:
Goodwill		11,203			135,367
Accumulated impairment losses		(836	)		(10,101	)


Total	¥	10,367		$	125,266


	Millions of Yen
	2010
	Peach
	John		Other
	Segment		Segment			Total

Balance at beginning of year:
Goodwill	¥	11,203				¥	11,203
Accumulated impairment losses

Total		11,203					11,203

Goodwill acquired during year			¥	71			71
Impairment losses				(71	)		(71	)

Total

Balance at end of year:
Goodwill		11,203					11,203
Accumulated impairment losses


Total	¥	11,203				¥	11,203

		During the year ended March 31, 2011, the Company recorded an impairment charges on goodwill of ¥836 million ($10,101 thousand) in Peach John Segment. See Note 20 for further information.

		During the year ended March 31, 2010, goodwill of Other segment was recorded from acquired business of Lecien as further described in Note 7. Lecien segment was tested for impairment in the fourth quarter, after the annual forecasting process. The Company identified a decline in fair value of Lecien and recognized an impairment loss of ¥71 million, which was included in impairment charges on goodwill in the Other segment. See Note 20 for further information.

		*Other Intangible Assets —* The components of acquired intangible assets excluding goodwill as of March 31, 2011 and 2010 were as follows:


	2011
					Thousands of
	Millions of Yen				U.S. Dollars
			Accumulated				Accumulated
	Gross		Amortization		Gross		Amortization
	Carrying		and Impairment		Carrying		and Impairment
Year Ended March 31	Amount		Loss		Amount		Loss

Amortized intangible assets:
Customer relationship	¥	3,361	¥	2,636	$	40,611	$	31,851
Software		7,517		3,655		90,829		44,164
Other		1,294		413		15,636		4,989


Total	¥	12,172	¥	6,704	$	147,076	$	81,004


Unamortized intangible assets:
Trademark	¥	5,316	¥	559	$	64,234	$	6,755
Other		100				1,208


Total	¥	5,416	¥	559	$	65,442	$	6,755


	2010
	Millions of Yen
			Accumulated
	Gross		Amortization
	Carrying		and Impairment
Year Ended March 31	Amount		Loss

Amortized intangible assets:
Customer relationship	¥	3,361	¥	1,983
Software		7,486		2,851
Other		1,326		404


Total	¥	12,173	¥	5,238


Unamortized intangible assets:
Trademark	¥	5,316
Other		100


Total	¥	5,416

Other intangible assets acquired during the year ended March 31, 2011 totaled ¥671 million ($8,108 thousand) which primarily consist of software of ¥646 million ($7,806 thousand) with estimated useful life of 5 years.

		During the year ended March 31, 2011, the Company recorded an impairment charge on other intangible assets of ¥377 million ($4,555 thousand) and ¥559 million ($6,755 thousand), for the customer relationship and trademark, respectively, in Peach John Segment. See Note 20 for further information.

		During the year ended March 31, 2010, the Company recorded an impairment charge on other intangible assets of ¥1,023 million for customer relationship in Peach John Segment. See Note 20 for further information.

		Aggregate amortization expenses for the years ended March 31, 2011, 2010 and 2009 related to other intangible assets and future estimated amortization expense as of March 31, 2011, 2010 and 2009 were as follows:


	Millions of		Thousands of
	Yen		U.S. Dollars
	2011		2011
Year Ended March 31
Aggregate amortization expense
2011	¥	1,850	$	22,354
Year Ending March 31
Estimated amortization expense
2012		1,463		17,678
2013		1,237		14,947
2014		991		11,974
2015		597		7,214
2016		134		1,619


Total	¥	4,422	$	53,432


	Millions of
	Yen
	2010
Year Ended March 31
Aggregate amortization expense
2010	¥	1,791
Year Ending March 31
Estimated amortization expense
2011		1,468
2012		1,413
2013		1,231
2014		999
2015		747


Total	¥	5,858


	Millions of
	Yen
	2009
Year Ended March 31
Aggregate amortization expense
2009	¥	1,496
Year Ending March 31
Estimated amortization expense
2010		1,570
2011		1,541
2012		1,441
2013		1,251
2014		967


Total	¥	6,770

- Definition

Discloses the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables.

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