Change in the Amortization Period for Actuarial Differences Related to Retirement Benefits
First written in FY2021-Q1. 2 of 5 entries say "Achieved", first in FY2021. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 1 of 12 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company had previously expensed actuarial differences related to retirement benefits over 12 years, a specified period within the employees' average remaining service period. As the average remaining service period fell below 12 years, the company changed the expense recognition period to 11 years from the first quarter of the current consolidated fiscal year.」
The change in the amortization period from 12 years to 11 years, applied from the first quarter, continued to be disclosed in the third quarter. - FY2023-Q2RestatedAnnual report
「The company had previously expensed actuarial differences related to retirement benefits over 12 years, a specified period within the employees' average remaining service period. As the average remaining service period fell below 12 years, the company changed the expense recognition period to 11 years from the first quarter of the current consolidated fiscal year.」
The change in the amortization period for actuarial differences from 12 years to 11 years, applied from the first quarter, continued to be disclosed in the second quarter. - FY2023-Q1AchievedAnnual report
「The company had previously expensed actuarial differences related to retirement benefits over 12 years, a specified period within the employees' average remaining service period. As the average remaining service period fell below 12 years, the company changed the expense recognition period to 11 years from the first quarter of the current consolidated fiscal year.」
The amortization period for actuarial differences was changed from 12 years to 11 years and applied from the first quarter. The impact on profit and loss was described as immaterial. - FY2021AchievedAnnual report
「The Company had previously amortized actuarial differences related to retirement benefit accounting over 13 years, a fixed period within employees' average remaining service period. As the average remaining service period fell below this period, the amortization period has been changed to 12 years from the current consolidated fiscal year.」
The change from 13 years to 12 years announced in the previous quarter was actually applied from the current consolidated fiscal year. - FY2021-Q1First statedAnnual report
「The Company had previously amortized actuarial differences arising from retirement-benefit accounting over 13 years, a specified period within employees’ average remaining service period. Because the average remaining service period fell below 13 years, the Company changed the amortization period to 12 years from the beginning of the first quarter of the consolidated fiscal year.」
Because employees' average remaining service period fell below the previous amortization period, the amortization period for actuarial differences was changed from 13 years to 12 years. The impact on profit and loss was described as immaterial.