Change in the Amortization Period for Actuarial Differences Relating to Retirement Benefits
First written in FY2022-Q3. 2 of 3 entries say "Restated". Latest entry: FY2023.
9 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Actuarial differences are amortized over a specified period of 11 years, within the employees’ average remaining service period at the time they arise in each consolidated fiscal year, using the straight-line method, with the amortized amount recognized as an expense from the following consolidated fiscal year.」
The revised accounting policy, under which actuarial differences are amortized over 11 years, continues to be applied for the full year. - FY2022RestatedAnnual report
「Actuarial differences are amortized over a specified period of 11 years, within the employees’ average remaining service period at the time they arise in each consolidated fiscal year, using the straight-line method, with the amortized amount recognized as an expense from the following consolidated fiscal year.」
The revised accounting policy, under which actuarial differences are amortized over 11 years, is reiterated in the full-year consolidated financial statements. - FY2022-Q3First statedAnnual report
「Previously, actuarial differences related to accounting for retirement benefits were amortized over 12 years, a specified period within the employees’ average remaining service period. Because the average remaining service period fell below 12 years, the amortization period was changed to 11 years from the current third-quarter consolidated accounting period.」
The amortization period was changed from 12 years to 11 years. As a result, operating loss, ordinary loss and quarterly net loss before income taxes increased by ¥54 million each for the current nine-month period.