Change in the Number of Years Used to Expense Retirement Benefits
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
2 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Because the average remaining service period fell below these periods, effective from the first quarter, the Company changed the amortization period for actuarial differences to 10–12 years and that for past service costs to 10 years. The impact of this change on profit or loss for the cumulative second quarter of the current fiscal year was immaterial.」
The Company is reaffirming the change in the amortization periods for retirement benefit costs applied from the previous quarter and its immaterial impact on profit or loss. - FY2024-Q1First statedAnnual report
「For actuarial differences and past service costs in accounting for retirement benefits, the Company had previously amortized actuarial differences over 12–15 years and past service costs over 12 years, in each case within a specified number of years not exceeding the employees' average remaining service period. Because the average remaining service period fell below these periods, effective from the first quarter of the current fiscal year, the Company changed the amortization period for actuarial differences to 10–12 years and that for past service costs to 10 years. The impact of this change on profit or loss for the cumulative first quarter of the current fiscal year was immaterial.」
Because the average remaining service period had shortened, the Company changed the amortization periods for actuarial differences and past service costs from the first quarter of the current fiscal year.