Changes in Estimates of Defined Benefit Obligations
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2018. Latest entry: FY2020.
87 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「If actual results differ from the assumptions, retirement benefit obligations and expenses may increase, potentially affecting the financial position and operating results of the Group.」
The company continues to disclose the possibility that retirement benefit obligations and expenses may increase due to differences between actuarial assumptions and actual results. - FY2018ReframedAnnual report
「In addition, the company had participated in the Japan Electronic Circuit Welfare Pension Fund, a multi-employer plan, but adopted a defined contribution plan under its defined contribution pension regulations following the Fund's dissolution on 31 March 2017, after receiving approval from the Minister of Health, Labour and Welfare on that date.」
Following the dissolution of the multi-employer plan, part of the retirement benefit plan was transitioned to a defined contribution plan. - FY2017First statedAnnual report
「If actual results differ from the assumptions, retirement benefit obligations and expenses may increase, potentially affecting the financial position and operating results of the Group.」
The company identifies the possibility of higher retirement benefit obligations and expenses due to differences between actuarial assumptions, including discount rates, and the expected rate of return on pension assets.