Impact of Changing the Method for Calculating Retirement Benefit Obligations on SG&A Expenses and Operating Income
First written in FY2018. 1 of 2 entries say "Reframed", first in FY2019. Latest entry: FY2019.
Mandarake moved to the "Worse" side of this theme in 2019.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2019ReframedAnnual report
「Operating profit increased by ¥187 million from the previous fiscal year to ¥890 million, up 26.6% year on year. This was mainly due to a decrease in retirement benefit expenses.」
In the previous period, higher selling, general and administrative expenses associated with a change in the method used to calculate retirement benefit obligations reduced operating profit, whereas in the current period, lower retirement benefit expenses are described as the main factor behind the increase in operating profit. - FY2018First statedAnnual report
「Operating income decreased by ¥36 million from the previous fiscal year to ¥703 million, down 4.9% year on year. This was mainly attributable to higher selling, general and administrative expenses resulting from the change in the calculation method for retirement benefit obligations from the simplified method to the standard method.」
The increase in SG&A expenses resulting from the change in the calculation method for retirement benefit obligations from the simplified method to the standard method is described as the primary cause of the decline in operating income.