Risk of Changes in Assumptions Underlying Retirement Benefit Obligations
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2023.
106 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our group's consolidated financial statements are prepared in accordance with accounting standards generally accepted as fair and appropriate in Japan. In preparing the consolidated financial statements, we must make estimates and forecasts that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the balance sheet date, as well as the reported amounts of revenue and expenses for the reporting period.」
It continues to identify uncertainty in accounting estimates, including the risk that changes in retirement benefit plans and actuarial assumptions could affect expenses and obligations. - FY2021RestatedAnnual report
「However, if it becomes necessary to change actuarial assumptions, or if pension assets are impaired because of a prolonged downturn in the securities markets, retirement benefit expenses and obligations could increase and additional contributions to pension assets may be required.」
It reiterates the risk of higher retirement benefit costs resulting from changes in assumptions such as the discount rate or impairment of pension assets. - FY2017First statedAnnual report
「If actual results differ from the assumptions, if the discount rate used in the future declines, or if investment returns deteriorate, our group's operating results and financial position could be affected.」
It identifies changes in actuarial assumptions, including the discount rate and returns on pension assets, as risks.