Shortening of the expense recognition period for retirement benefits
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
2 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「In accounting for retirement benefits, the amortization period for actuarial differences and past service costs had previously been set at 15 years. However, because the average remaining service period of employees has shortened, the company changed the amortization period to 14 years beginning in the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating loss and loss before income taxes for the first nine months of the current consolidated fiscal year each decreased by ¥11 million, while ordinary profit increased by ¥11 million.」
The accounting treatment involving the change in the amortization period from 15 years to 14 years continued to be applied, and its impact on the first nine months was disclosed. - FY2019-Q2RestatedAnnual report
「In accounting for retirement benefits, the amortization period for actuarial differences and past service costs had previously been set at 15 years. However, because the average remaining service period of employees has shortened, the company changed the amortization period to 14 years beginning in the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the first six months of the current consolidated fiscal year each increased by ¥8 million.」
The company continued to disclose the change in the amortization period from 15 years to 14 years, applied from the previous quarter, and indicated that the impact on profit for the first six months of the current consolidated fiscal year was ¥8 million for each measure. - FY2019-Q1First statedAnnual report
「In accounting for retirement benefits, the amortization period for actuarial differences and past service costs had previously been set at 15 years. However, because the average remaining service period of employees has shortened, the company changed the amortization period to 14 years beginning in the first quarter of the current consolidated fiscal year.」
Due to the shortened average remaining service period of employees, the amortization period for actuarial differences and past service costs was changed from 15 years to 14 years.