Change from the Simplified Method to the Standard Method for Calculating Retirement Benefit Obligations
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「As its consolidated subsidiary 京三エレコス株式会社 exceeded 300 employees, it changed the method used to calculate retirement benefit obligations from the simplified method to the standard method beginning in the current consolidated fiscal year. As a result, retirement benefit assets decreased by ¥282 million, retirement benefit liabilities increased by ¥252 million, and operating loss, ordinary loss and loss before income taxes for the quarter each increased by ¥534 million.」
The company continues to disclose the change in 京三エレコス’s method for calculating retirement benefit obligations and its effects on assets, liabilities and losses. - FY2023-Q2RestatedAnnual report
「As its consolidated subsidiary 京三エレコス株式会社 exceeded 300 employees, it changed the method used to calculate retirement benefit obligations from the simplified method to the standard method beginning in the current consolidated fiscal year. As a result, retirement benefit assets decreased by ¥282 million, retirement benefit liabilities increased by ¥252 million, and operating loss, ordinary loss and loss before income taxes for the quarter each increased by ¥534 million.」
The company continues to disclose the change in 京三エレコス’s method for calculating retirement benefit obligations and its effects on assets, liabilities and losses. - FY2023-Q1First statedAnnual report
「As its consolidated subsidiary 京三エレコス株式会社 exceeded 300 employees, it changed the method used to calculate retirement benefit obligations from the simplified method to the standard method beginning in the current consolidated fiscal year. As a result, retirement benefit assets decreased by ¥282 million, retirement benefit liabilities increased by ¥252 million, and operating loss, ordinary loss and loss before income taxes for the quarter each increased by ¥534 million.」
After the number of employees at a consolidated subsidiary exceeded 300, the company changed the method used to calculate retirement benefit obligations from the simplified method to the standard method. As a result, retirement benefit assets decreased by ¥282 million, retirement benefit liabilities increased by ¥252 million, and operating loss and other losses increased by ¥534 million.