Actuarial Assumptions for Defined Benefit Obligations
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2025.
27 other companies' latest entry also says "Other".
- FY2025Change in the Discount Rate Used to Calculate Retirement BenefitsAnnual report
「The discount rate applied in the calculation at the beginning of the fiscal year was 0.2%. However, after reconsidering the discount rate at the end of the fiscal year, the Company determined that changing the discount rate would have a material effect on the amount of retirement benefit obligations and changed the discount rate to 1.7%.」
The discount rate used in the actuarial assumptions for retirement benefit obligations changed from 0.2% to 1.7%. - FY2024RestatedAnnual report
「Actuarial differences are amortized using the straight-line method over a specified number of years, 5 years, within the employees’ average remaining service period at the time they arise in each fiscal year, and the amortized amounts are recognized as expenses from the fiscal year following the year in which they arise.」
Retirement benefit accounting continues to recognize actuarial differences as expenses over 5 years using a discount rate of 0.2%. - FY2022RestatedAnnual report
「Actuarial differences are amortized using the straight-line method over a specified number of years, 5 years, within the employees’ average remaining service period at the time they arise in each fiscal year, and the amortized amounts are recognized as expenses from the fiscal year following the year in which they arise. The key actuarial assumption is a discount rate of 0.2%.」
The accounting treatment of actuarial differences related to retirement benefit obligations, under which they are recognized as expenses over 5 years using a discount rate of 0.2%, is reconfirmed. - FY2019RestatedAnnual report
「The assumptions used to determine retirement benefit expenses and retirement benefit obligations include the discount rate and average remaining service period. Actuarial differences are amortized and recognized as expenses over 5 years from the following fiscal year.」
The disclosure reconfirms the structure under which actuarial assumptions such as the discount rate are applied and actuarial differences are recognized as expenses over 5 years. - FY2018RestatedAnnual report
「The assumptions used to determine retirement benefit expenses and retirement benefit obligations include the discount rate and average remaining service period. Actuarial differences are amortized and recognized as expenses over 5 years from the following fiscal year.」
The disclosure reiterates the structure under which actuarial assumptions such as the discount rate are applied and actuarial differences are recognized as expenses over 5 years. - FY2017First statedAnnual report
「Calculations related to the employee retirement benefit plan are determined using actuarial calculations based on numerous assumptions. The assumptions used to determine retirement benefit expenses and retirement benefit obligations include the discount rate and average remaining service period. Actuarial differences are amortized and recognized as expenses over 5 years from the following consolidated fiscal year.」
The factors causing retirement benefit expenses and obligations to fluctuate based on assumptions such as the discount rate and average remaining service period are identified as a risk for the first time.