Risk from Changes in Assumptions for Retirement Benefit Obligations
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2021.
107 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「However, in the future, the market value of pension assets may decline significantly, and substantial differences may arise between the assumptions used to calculate retirement benefit obligations, including the discount rate and expected return on pension assets, and actual investment results. There is a risk that operating results and other factors may be adversely affected if actual retirement benefit expenses increase significantly compared with the estimated amounts.」
Continues to identify risks relating to assumptions such as fluctuations in pension asset prices, the discount rate and the expected return on pension assets. - FY2019RestatedAnnual report
「If actual results differ from the assumptions, or if the assumptions change, the effects will accumulate and be recognised systematically over time. Depending on trends in the discount rate and investment returns, this may affect the Group's performance and future business development.」
Reiterates the risk of changes in assumptions, such as the discount rate and investment returns, relating to retirement benefit obligations. - FY2018RestatedAnnual report
「If actual results differ from the assumptions, or if the assumptions change, the effects will accumulate and be recognised systematically over time. Depending on trends in the discount rate and investment returns, this may affect the Group's performance and future business development.」
Reiterates the risk of changes in assumptions, such as the discount rate and investment returns, relating to retirement benefit obligations. - FY2017RestatedAnnual report
「If actual results differ from the assumptions, or if the assumptions change, the effects will accumulate and be recognised systematically over time. Depending on trends in the discount rate and investment returns, this may affect the Group's performance and future business development.」
Reiterates the risk of changes in assumptions, such as the discount rate and investment returns, relating to retirement benefit obligations. - FY2016First statedAnnual report
「If actual results differ from the assumptions, or if the assumptions change, the effects will accumulate and be recognised systematically over time. Depending on trends in the discount rate and investment returns, this may affect the Group's performance and future business development.」
Explains that the discount rate, expected return on pension assets and actuarial differences affect future expenses and liabilities.