Risk of Changes in Assumptions for Retirement Benefit Obligations and Pension Plan Assets
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2020: 7 of 49 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「If actual results differ from the assumptions because of sharp changes in stock market conditions or the interest-rate environment, or if the assumptions change, the resulting impact will accumulate and be recognized systematically over future periods. It will therefore generally affect expenses recognized and liabilities recorded in future periods.」
The risk that changes in assumptions relating to retirement benefit obligations and pension assets, and changes in market conditions, will affect future expenses and liabilities continues to be identified. - FY2017First statedAnnual report
「If actual results differ from the assumptions because of sharp changes in stock market conditions or the interest-rate environment, or if the assumptions change, the resulting impact will accumulate and be recognized systematically over future periods. It will therefore generally affect expenses recognized and liabilities recorded in future periods.」
The assumptions, including discount rates and expected returns on pension assets, and changes in market conditions are described as potentially affecting future expenses, liabilities and performance.