Losses Associated with the Dissolution of Employees' Pension Funds
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2018-Q3.
The whole theme swung hardest in 2020: 1 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2018-Q3MitigatedAnnual report
「As work proceeded toward completion of the liquidation of the Kanagawa Construction Industry Welfare Pension Fund, the fund's representative liquidator notified the Company during the third quarter of the finalized amount of its contribution upon dissolution. Because the Company's contribution amount was finalized, the Company reversed the ¥78.816 million provision for losses on dissolution of the welfare pension fund recorded under current liabilities and recognized the difference of ¥50.517 million as a gain on reversal of provision for losses on dissolution of the welfare pension fund under extraordinary income. The Company also completed payment of the full contribution during the third quarter.」
The contribution amount associated with the dissolution of the fund was finalized, the provision was reversed, the difference was recorded as a gain on reversal of provision, and payment of the full contribution was completed. - FY2017RestatedAnnual report
「The Kanagawa Construction Industry Welfare Pension Fund, a multi-employer plan in which the Company participates, received approval for dissolution from the Minister of Health, Labour and Welfare dated 30 May 2016. The Company recorded a provision for losses on dissolution of the welfare pension fund for the estimated loss arising from the commencement of dissolution procedures for the fund.」
It continues to disclose the dissolution of the welfare pension fund and the recording of a provision for dissolution losses of ¥78.816 million in connection with it. - FY2017-Q2RestatedAnnual report
「Provision for losses on dissolution of welfare pension fund 78,816」
The provision for losses on dissolution of the welfare pension fund was ¥78.816 million, unchanged from the end of the previous fiscal year. - FY2017-Q1RestatedAnnual report
「Provision for losses on dissolution of welfare pension fund 78,816」
The balance of the provision for losses on dissolution of the fund was ¥78.816 million, unchanged from the end of the previous fiscal year. - FY2016MaterialisedAnnual report
「The Kanagawa Construction Industry Welfare Pension Fund, a multi-employer plan in which the Company participates, was dissolved with the approval of the Minister of Health, Labour and Welfare dated 30 May 2016. The Company recorded a provision for losses on dissolution of the welfare pension fund for the estimated loss arising from the commencement of dissolution procedures for the fund.」
The fund was actually dissolved, and a provision for losses on dissolution of ¥78.816 million was recorded.