Changes in Actuarial Assumptions for Retirement Benefit Obligations and Expense
First written in FY2017. 2 of 10 entries say "Restated". Latest entry: FY2025-H1.
25 other companies' latest entry also says "Other".
- FY2025-H1Update on the impact of changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 10 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 9 years from the current interim consolidated accounting period. As a result of this change in estimate, operating income, ordinary income and interim net income before income taxes for the current interim consolidated accounting period each decreased by ¥17 million.」
The change in the expense recognition period from 10 years to 9 years reduced operating income and other income by ¥17 million in FY2025-H1. - FY2025-Q1Changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 10 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 9 years from the first quarter of the current fiscal year. As a result of this change in estimate, operating income, ordinary income and quarterly net income before income taxes for the cumulative first quarter of the current fiscal year each decreased by ¥8 million.」
The expense recognition period for actuarial differences related to retirement benefits changed principally from 10 years to 9 years, reducing operating income and other income by ¥8 million. - FY2023Changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 11 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 10 years from the current fiscal year. As a result of this change in estimate, operating income, ordinary income and net income before income taxes for the current fiscal year each increased by ¥65 million.」
The expense recognition period for retirement benefits changed from 11 years to 10 years, increasing full-year operating income and other income by ¥65 million. - FY2023-Q3Changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 11 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 10 years from the first quarter of the current fiscal year. As a result of this change in estimate, operating loss, ordinary loss and quarterly net loss before income taxes for the cumulative third quarter of the current fiscal year each decreased by ¥49 million.」
The expense recognition period for actuarial differences related to retirement benefits changed from 11 years to 10 years, reducing operating loss and other losses by ¥49 million for the cumulative third quarter. - FY2023-Q2Changes in accounting assumptionsAnnual report
「As a result of this change in estimate, operating loss for the cumulative second quarter of the current fiscal year decreased by ¥32 million, while ordinary income and quarterly net income before income taxes each increased by ¥32 million.」
For the expense recognition period for actuarial differences related to retirement benefits, which was changed from the first quarter, operating loss for the cumulative second quarter decreased by ¥32 million, while ordinary income and other items increased by ¥32 million. - FY2023-Q1Changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 11 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 10 years from the first quarter of the current fiscal year. As a result of this change in estimate, operating loss, ordinary loss and quarterly net loss before income taxes for the cumulative first quarter of the current fiscal year each decreased by ¥16 million.」
The expense recognition period for actuarial differences related to retirement benefits changed principally from 11 years to 10 years, reducing operating loss and other losses by ¥16 million. - FY2021-Q1Changes in accounting assumptionsAnnual report
「Regarding the period over which actuarial differences and past service costs related to retirement benefit accounting are expensed, the Company had previously expensed them over a specified number of years, principally 13 years, within the employees’ average remaining service period. As the average remaining service period fell below this period, the Company changed the expense recognition period principally to 11 years from the first quarter of the current fiscal year. This change had a minor impact on profit or loss for the cumulative first quarter of the current fiscal year.」
The expense recognition period for actuarial differences and other items related to retirement benefits changed principally from 13 years to 11 years. The impact on profit or loss was described as minor. - FY2019RestatedAnnual report
「The retirement benefit obligations and expenses of our group are calculated based on actuarial assumptions, including the discount rate and the long-term expected rate of return on pension plan assets. Accordingly, if actual results differ from these assumptions, or if the assumptions are changed, the calculation of retirement benefit obligations and expenses may be affected.」
The risk of changes in assumptions such as the discount rate and the long-term expected rate of return continues to be described. - FY2018RestatedAnnual report
「The retirement benefit obligations and expenses of our group are calculated based on actuarial assumptions, including the discount rate and the long-term expected rate of return on pension plan assets. Accordingly, if actual results differ from these assumptions, or if the assumptions are changed, the calculation of retirement benefit obligations and expenses may be affected.」
The risk of changes in assumptions such as the discount rate and the long-term expected rate of return continues to be described. - FY2017First statedAnnual report
「The retirement benefit obligations and expenses of our group are calculated based on actuarial assumptions, including the discount rate and the long-term expected rate of return on pension plan assets. Accordingly, if actual results differ from these assumptions, or if the assumptions are changed, the calculation of retirement benefit obligations and expenses may be affected.」
The difference between actual results and assumptions such as the discount rate and the long-term expected rate of return is described as a risk affecting retirement benefit obligations and expenses.