Change in the retirement benefit cost recognition period from 13 years to 12 years
First written in FY2018-Q1. 2 of 4 entries say "Restated". Latest entry: FY2019.
4 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Past service costs are expensed using the straight-line method over a specified number of years within the employees' average remaining service period at the time they arise, mainly 12 years.」
The accounting treatment using an expense recognition period of mainly 12 years for retirement benefits continues to be applied. - FY2018AdvancedAnnual report
「In the accounting treatment for retirement benefits, actuarial differences and past service costs had previously been expensed mainly over 13 years. However, because employees' average remaining service period had shortened, the period was changed mainly to 12 years from the current consolidated fiscal year. As a result, operating profit for the current consolidated fiscal year increased by ¥2,540 million, while ordinary profit and profit before income taxes increased by ¥2,573 million.」
The expense recognition period was changed from 13 years to 12 years, and the disclosed impact on annual operating profit and other measures was ¥2,540 million and ¥2,573 million, respectively. - FY2018-Q2RestatedAnnual report
「In the accounting treatment for retirement benefits, actuarial differences and past service costs had previously been expensed mainly over 13 years. However, because employees' average remaining service period had shortened, the period was changed mainly to 12 years from the first quarter of the consolidated fiscal year. As a result, operating profit for the cumulative period through the second quarter increased by ¥1,281 million, while ordinary profit and quarterly profit before income taxes increased by ¥1,298 million.」
The change in the expense recognition period introduced from FY2018-Q1 continued to be applied, with the cumulative period through the second quarter reflecting increases of ¥1,281 million in operating profit and ¥1,298 million in ordinary profit and other measures. - FY2018-Q1First statedAnnual report
「In the accounting treatment for retirement benefits, actuarial differences and past service costs had previously been expensed mainly over 13 years. However, because employees' average remaining service period had shortened, the period was changed mainly to 12 years from the first quarter of the current consolidated fiscal year. As a result, operating profit for the cumulative period through the first quarter increased by ¥642 million, while ordinary profit and quarterly profit before income taxes increased by ¥651 million.」
The expense recognition period for retirement benefits was changed mainly from 13 years to 12 years, resulting in an accounting impact that increased operating profit and other measures for the quarter.