Estimation Uncertainty in the Actuarial Calculation of Retirement Benefit Expenses and Obligations
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2026.
Tomoe moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The discount rates applied in the calculations at the beginning of the current consolidated fiscal year were mainly 1.83% to 2.20%. However, after reviewing the discount rates at the end of the fiscal year, the Company determined that changing them would have a material effect on the amount of retirement benefit obligations and changed the discount rates to mainly 2.85% to 3.28%.」
The discount rate used as an assumption in estimating retirement benefit obligations changed from 1.83%–2.20% to 2.85%–3.28%. - FY2022RestatedAnnual report
「These assumptions include the discount rate, future compensation levels, employee turnover, mortality rates calculated based on the latest statistical data, and the long-term expected rate of return on pension assets. If actual results differ from the assumptions, or if the assumptions are changed, retirement benefit expenses and obligations may fluctuate.」
The actuarial assumptions for retirement benefits and the possibility that changes in those assumptions may affect expenses and obligations continue to be disclosed. - FY2021First statedAnnual report
「Employee retirement benefit expenses and obligations under defined benefit plans are calculated based on actuarial assumptions. These assumptions include the discount rate, future compensation levels, employee turnover, mortality rates calculated based on the latest statistical data, and the long-term expected rate of return on pension assets. If actual results differ from the assumptions, or if the assumptions are changed, retirement benefit expenses and obligations may fluctuate.」
The risk that changes in the discount rate, compensation levels, employee turnover, mortality rates and long-term expected rate of return on pension assets may affect retirement benefit expenses and obligations was identified for the first time as a significant accounting estimate.