Risk of Changes in Defined Benefit Obligation Assumptions and Fluctuations in Pension Asset Prices
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 2 of 14 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Group’s retirement benefit expenses and obligations are calculated based on actuarial assumptions, including the discount rate. If these assumptions change or the fair value of the actual pension assets declines, this could adversely affect the Group’s operating performance and financial condition.」
The risk of changes in retirement benefit assumptions and declines in pension asset prices is disclosed again. - FY2018RestatedAnnual report
「The Group’s retirement benefit expenses and obligations are calculated based on actuarial assumptions, including the discount rate. If these assumptions change or the fair value of the actual pension assets declines, this could adversely affect the Group’s operating performance and financial condition.」
The risk of changes in retirement benefit assumptions and declines in pension asset prices is disclosed again. - FY2017First statedAnnual report
「The Group’s retirement benefit expenses and obligations are calculated based on actuarial assumptions, including the discount rate. If these assumptions change or the fair value of the actual pension assets declines, this could adversely affect the Group’s operating performance and financial condition.」
Changes in actuarial assumptions, including the discount rate, and declines in the fair value of pension assets are disclosed separately for the first time as risks related to retirement benefit expenses and obligations.