Changing the Method for Calculating Retirement Benefit Obligations from the Simplified Method to the Standard Method
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「In addition, from the end of the current consolidated fiscal year, the method for calculating retirement benefit obligations for the retirement lump-sum benefit plan was also changed from the simplified method to the standard method.」
The change in the method for calculating retirement benefit obligations from the previous simplified method to the standard method was extended to the retirement lump-sum benefit plan and applied from the end of the current consolidated fiscal year. - FY2020First statedAnnual report
「The Company had previously used the simplified method to calculate retirement benefit obligations, but changed to the standard method from the end of the current consolidated fiscal year due to an increase in the number of eligible employees. As a result of this change, the liability for retirement benefits increased by ¥30.595 million at the end of the current consolidated fiscal year, and the same amount was recorded as retirement benefit expense in selling, general and administrative expenses.」
Due to the increase in the number of eligible employees, the method for calculating retirement benefit obligations was changed from the simplified method to the standard method, increasing the liability for retirement benefits and retirement benefit expense by ¥30.595 million.