Application of retirement benefit accounting using the simplified method
First written in FY2019-Q2. 3 of 4 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「Some consolidated subsidiaries apply a simplified method for calculating liabilities and expenses related to retirement benefits, under which the amount payable at the end of the period in the event of voluntary retirement is used as the retirement benefit obligation, in order to provide for employee retirement benefits.」
The application of the simplified method for retirement benefit accounting at certain consolidated subsidiaries continued for the full year. - FY2019RestatedAnnual report
「Some consolidated subsidiaries apply a simplified method for calculating liabilities and expenses related to retirement benefits, under which the amount payable at the end of the period in the event of voluntary retirement is used as the retirement benefit obligation, in order to provide for employee retirement benefits.」
The application of the simplified method for retirement benefit accounting associated with the consolidation of 東日本不動産 and other companies continues as the accounting policy for the full year. - FY2019-Q3RestatedAnnual report
「To provide for employee retirement benefits, the Company applies a simplified method for calculating liabilities and expenses related to retirement benefits, under which the amount payable at the end of the third-quarter consolidated accounting period in the event of voluntary retirement is used as the retirement benefit obligation.」
The application of the simplified method for retirement benefit accounting associated with the consolidation of 東日本不動産 continued in the third quarter. - FY2019-Q2First statedAnnual report
「To provide for employee retirement benefits, the Company applies a simplified method for calculating liabilities and expenses related to retirement benefits, under which the amount payable at the end of the second-quarter consolidated accounting period in the event of voluntary retirement is used as the retirement benefit obligation.」
Following the inclusion of 東日本不動産 in the scope of consolidation, the simplified method was newly applied to the calculation of retirement benefit obligations and expenses.