Change in the Amortization Period for Retirement Benefits
First written in FY2022-Q1. 1 of 4 entries say "Achieved", first in FY2022. Latest entry: FY2022.
0 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「For actuarial differences and past service costs relating to retirement benefits, the company had previously expensed these amounts over a specified number of years within the employees’ average remaining service period, primarily 15 years. As the average remaining service period fell below this period, the company changed the expense recognition period to primarily 12 years from the current fiscal year. As a result, operating profit, ordinary profit and profit before income taxes for the current fiscal year decreased by ¥520 million each.」
The accounting treatment changing the expense recognition period primarily from 15 years to 12 years was implemented throughout the fiscal year, with the impact on operating profit and other income items confirmed as a ¥520 million reduction each. - FY2022-Q3Increase in cumulative impactAnnual report
「As a result of this change, operating profit, ordinary profit and profit before income taxes for the cumulative third quarter decreased by ¥390 million each.」
The cumulative reduction in operating profit, ordinary profit and profit before income taxes resulting from the change in the expense recognition period for retirement benefits primarily from 15 years to 12 years increased from ¥260 million in the first half to ¥390 million. - FY2022-Q2Increase in cumulative impactAnnual report
「For actuarial differences and past service costs relating to retirement benefits, the company had previously expensed these amounts over a specified number of years within the employees’ average remaining service period, primarily 15 years. As the average remaining service period fell below this period, the company changed the expense recognition period to primarily 12 years from the first quarter of the current fiscal year. As a result, operating profit, ordinary profit and profit before income taxes for the cumulative second quarter decreased by ¥260 million each.」
The company disclosed that the change in the expense recognition period primarily from 15 years to 12 years reduced operating profit, ordinary profit and profit before income taxes for the first half by ¥260 million each. - FY2022-Q1First statedAnnual report
「For actuarial differences and past service costs relating to retirement benefits, the company had previously expensed these amounts over a specified number of years within the employees’ average remaining service period, primarily 15 years. As the average remaining service period fell below this period, the company changed the expense recognition period to primarily 12 years from the first quarter of the current fiscal year. As a result, operating profit, ordinary profit and profit before income taxes for the cumulative first quarter decreased by ¥130 million each.」
As the average remaining service period shortened, the expense recognition period for actuarial differences and past service costs relating to retirement benefits changed primarily from 15 years to 12 years, resulting in a total ¥130 million reduction in operating profit and other income items.