Retirement Benefit Assumptions and Pension Investment Risk
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 7 of 55 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The principal assumption is the discount rate for retirement benefit obligations, which is determined based on the yield on high-quality corporate bonds at the end of the fiscal year. Although the Group considers these assumptions reasonable, if actual results differ from the assumptions or the assumptions are changed, this may affect the Group's financial results and other matters.」
The disclosure of retirement benefit risks following the adoption of IFRS continues to identify the discount rate as the principal assumption. - FY2019-Q3RestatedAnnual report
「The Group's employee retirement benefit costs and obligations are calculated based on actuarial assumptions. The principal assumption is the discount rate for retirement benefit obligations, which is determined based on the yield on high-quality corporate bonds at the end of the fiscal year. Although the Group considers these assumptions reasonable, if actual results differ from the assumptions or the assumptions are changed, this may affect the Group's financial results and other matters.」
The disclosure of retirement benefit risks following the adoption of IFRS continues to identify the discount rate as the principal assumption. - FY2019-Q2RestatedAnnual report
「The Group's employee retirement benefit costs and obligations are calculated based on actuarial assumptions. The principal assumption is the discount rate for retirement benefit obligations, which is determined based on the yield on high-quality corporate bonds at the end of the fiscal year. Although the Group considers these assumptions reasonable, if actual results differ from the assumptions or the assumptions are changed, this may affect the Group's financial results and other matters.」
The disclosure of retirement benefit risks following the adoption of IFRS continues to identify the discount rate as the principal assumption. - FY2019-Q1SoftenedAnnual report
「The principal assumption is the discount rate for retirement benefit obligations, which is determined based on the yield on high-quality corporate bonds at the end of the fiscal year.」
As a change in the description of risks associated with the adoption of IFRS, the previous reference to the long-term expected rate of return on pension assets has been removed, narrowing the principal assumption to the discount rate for retirement benefit obligations. - FY2017First statedAnnual report
「The Group's employee retirement benefit costs and obligations are calculated based on actuarial assumptions. The principal assumptions are the discount rate for retirement benefit obligations and the long-term expected rate of return on pension assets. Although the Group considers these assumptions reasonable, if actual results differ from the assumptions or the assumptions are changed, this may affect the Group's financial position and financial results over time.」
The effects of changes in the discount rate, the expected rate of return on pension assets and investment returns on retirement benefit obligations and costs are newly disclosed.