Decrease in Retirement Benefit Obligation Due to Revision of Retirement Benefit Rules
First written in FY2021-Q1. 1 of 2 entries say "Restated". Latest entry: FY2021-Q3.
0 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「On 1 April 2020, the company revised its rules concerning retirement benefits and changed the method of calculating the retirement benefit base amount. As a result, retirement benefit obligations decreased by ¥297.474 million. Since this decrease represents past service cost, the company is recognising it as an expense under its accounting policies using the straight-line method over 10 years, a specified period within the average remaining service period of employees, beginning in the fiscal year in which it arose.」
The company repeats its disclosure of the revision of the retirement benefit rules, the ¥297.474 million decrease in retirement benefit obligations and expense recognition using the straight-line method over 10 years. - FY2021-Q1First statedAnnual report
「On 1 April 2020, the company revised its rules concerning retirement benefits and changed the method of calculating the retirement benefit base amount. As a result, retirement benefit obligations decreased by ¥297.474 million. Since this decrease represents past service cost, the company is recognising it as an expense under its accounting policies using the straight-line method over 10 years, a specified period within the average remaining service period of employees, beginning in the fiscal year in which it arose.」
On 1 April 2020, the company changed the method of calculating the retirement benefit base amount, reducing retirement benefit obligations by ¥297.474 million. The amount is being recognised as past service cost using the straight-line method over 10 years.