Revision of the Retirement Benefit System to a Point-Based System
First written in FY2019-Q2. 2 of 3 entries say "Restated". Latest entry: FY2022.
6 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Effective 1 October 2018, the company changed its retirement benefit plan from a final-pay-based formula to a points-based system.」
The company continues its accounting treatment of the change in its retirement benefit plan to a points-based system and past service costs on a straight-line basis over the average remaining service period. - FY2019-Q3RestatedAnnual report
「Effective 1 October 2018, the company changed its retirement benefit plan from a final-pay-based formula to a points-based system. The plan change generated ¥1,379 million in past service costs (a reduction in the projected benefit obligation), which the company accounts for as a reduction in expenses on a straight-line basis over the employees’ average remaining service period at the time the costs arose.」
The company has reiterated the change in its retirement benefit plan to a points-based system and the accounting treatment of ¥1,379 million in past service costs on a straight-line basis over the average remaining service period. - FY2019-Q2First statedAnnual report
「Effective 1 October 2018, the company changed its retirement benefit plan from a final-pay-based formula to a points-based system. The plan change generated ¥1,379 million in past service costs (a reduction in the projected benefit obligation), which the company accounts for as a reduction in expenses on a straight-line basis over the employees’ average remaining service period at the time the costs arose.」
The company decided to change its retirement benefit plan from a final-pay-based formula to a points-based system and implemented the change effective 1 October 2018. Past service costs arising from the plan change amounted to ¥1,379 million.