Shortening the amortization period for retirement benefit costs from 15 years to 10 years
First written in FY2017-Q3. 4 of 5 entries say "Restated". Latest entry: FY2020.
3 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Actuarial differences are expensed from the consolidated fiscal year following the year in which they arise, based on the amount allocated using the straight-line method over a specified number of years, 10 years, within the employees' average remaining service period at the time of occurrence in each consolidated fiscal year.」
The Company continues to use a 10-year amortization period for retirement benefit costs. - FY2019RestatedAnnual report
「Actuarial differences are expensed from the consolidated fiscal year following the year in which they arise, based on the amount allocated using the straight-line method over a specified number of years, 10 years, within the employees' average remaining service period at the time of occurrence in each consolidated fiscal year.」
The Company continues to use a 10-year amortization period for retirement benefit costs. - FY2018RestatedAnnual report
「Actuarial differences are expensed from the consolidated fiscal year following the year in which they arise, based on the amount allocated using the straight-line method over a specified number of years, 10 years, within the employees' average remaining service period at the time of occurrence in each consolidated fiscal year.」
The Company continues to use a 10-year amortization period for retirement benefit costs. - FY2017RestatedAnnual report
「The Company had previously amortized past service costs and actuarial differences over 15 years, but changed the amortization period to 10 years from the current consolidated fiscal year because employees' average remaining service period had shortened. As a result of this change, operating income, ordinary income and income before income taxes for the consolidated fiscal year increased by ¥91.511 million each compared with the amounts under the previous method.」
The Company reconfirms the change in the amortization period for retirement benefit costs from 15 years to 10 years and its impact on profit for the fiscal year. - FY2017-Q3First statedAnnual report
「Previously, the amortization period for prior service costs and actuarial differences was 15 years, but it was changed to 10 years from the first quarter of the current fiscal year because the average remaining service period of employees had shortened. As a result of this change, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative period ended in the third quarter increased by ¥67.049 million, respectively.」
Due to the shortening of employees' average remaining service period, the Company changed the amortization period for retirement benefit costs from 15 years to 10 years and disclosed the impact on profit.