Changes in assumptions underlying defined benefit obligations
First written in FY2016. 14 of 21 entries say "Worsened", first in FY2020. Latest entry: FY2026.
The Kodensha moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 7 of 49 companies on the "Worse" side.
20 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Retirement benefit liability ¥120 million ¥93 million」
The retirement benefit liability decreased from ¥120 million at the end of the previous fiscal year to ¥93 million, while retirement benefit assets increased from ¥4,249 million to ¥6,032 million. - 2026-05-13MitigatedEarnings
「The liability for retirement benefits decreased from ¥120 million at the end of the previous consolidated fiscal year to ¥93 million.」
The liability for retirement benefits decreased from ¥120 million to ¥93 million. - FY2026-H1WorsenedAnnual report
「Retirement benefit liability 120 137」
The retirement benefit liability increased by ¥17 million, from ¥120 million at the end of the previous consolidated fiscal year to ¥137 million at the end of the interim period. - FY2025-H1WorsenedAnnual report
「Retirement benefit liability 100 106」
The retirement benefit liability increased from ¥100 million at the end of the previous consolidated fiscal year to ¥106 million at the end of the interim period. - FY2024MitigatedAnnual report
「Retirement benefit liability ¥135 million ¥100 million」
The retirement benefit liability decreased from ¥135 million at the end of the previous fiscal year to ¥100 million. Meanwhile, retirement benefit assets increased from ¥2,186 million to ¥3,917 million. - FY2024-Q3WorsenedAnnual report
「Retirement benefit liability 135 152」
The retirement benefit liability increased by ¥17 million, from ¥135 million at the end of the previous consolidated fiscal year to ¥152 million at the end of the third quarter of the current fiscal year. - FY2024-Q2WorsenedAnnual report
「Retirement benefit liability 135 143」
The retirement benefit liability increased by ¥8 million, from ¥135 million at the end of the previous consolidated fiscal year to ¥143 million at the end of the second quarter of the current fiscal year. - FY2024-Q1MitigatedAnnual report
「Retirement benefit liability 135 134」
The retirement benefit liability decreased by ¥1 million, from ¥135 million at the end of the previous consolidated fiscal year to ¥134 million at the end of the first quarter of the current fiscal year. Although the decline was small, the balance edged down after increasing in the immediately preceding full fiscal year. - FY2023WorsenedAnnual report
「Retirement benefit liability ¥116 million ¥135 million」
The retirement benefit liability increased from ¥116 million at the end of the previous fiscal year to ¥135 million. - FY2023-Q3WorsenedAnnual report
「Retirement benefit liability 116 126」
The retirement benefit liability increased from ¥116 million at 31 March 2022 to ¥126 million at 31 December 2022. - FY2022WorsenedAnnual report
「Retirement benefit liability ¥96 million ¥116 million」
The retirement benefit liability increased from ¥96 million at the end of the previous fiscal year to ¥116 million. Following the previous fiscal year’s shortening of the expense recognition period from 15 years to 10 years, the increase in the liability balance is also reported. - FY2022-Q3WorsenedAnnual report
「Retirement benefit liability 96 127」
The retirement benefit liability increased from ¥96 million at 31 March 2021 to ¥127 million at 31 December 2021. - FY2022-Q2WorsenedAnnual report
「Retirement benefit liability 96 116」
The retirement benefit liability increased from ¥96 million at 31 March 2021 to ¥116 million at 30 September 2021. - FY2021WorsenedAnnual report
「The Company had previously expensed actuarial differences and past service costs related to retirement benefit accounting over 15 years, a specified period within the employees’ average remaining service period. However, because the average remaining service period fell below 15 years, the Company changed the expense recognition period to 10 years. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the current consolidated fiscal year each decreased by ¥286 million.」
The expense recognition period was shortened from 15 years to 10 years, reducing operating income, ordinary income and profit before income taxes by ¥286 million each. The impact of retirement benefit costs has materialized over the full fiscal year. - FY2021-Q3WorsenedAnnual report
「The Company had previously expensed actuarial differences and past service costs related to retirement benefit accounting over 15 years, a specified period within the employees’ average remaining service period. However, because the average remaining service period fell below 15 years, the Company changed the expense recognition period to 13 years from the beginning of the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the nine months ended the third quarter of the current consolidated fiscal year each decreased by ¥156 million.」
As a result of changing the period over which retirement benefit costs are expensed from 15 years to 13 years, operating income, ordinary income and profit before income taxes each decreased by ¥156 million. The impact has increased from ¥104 million for the cumulative second quarter. - FY2021-Q2WorsenedAnnual report
「For the amortization period of actuarial differences and past service costs in accounting for retirement benefits, we had previously amortized the costs over 15 years, a specified period within the employees' average remaining service period. Because the average remaining service period fell below 15 years, we changed the amortization period to 13 years from the beginning of the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the first 2 quarters of the current fiscal year each decreased by ¥104 million.」
As a result of changing the period over which retirement benefit costs are expensed from 15 years to 13 years, operating income, ordinary income and profit before income taxes each decreased by ¥104 million. As in the previous quarter, the impact of retirement benefit costs is reflected in the results. - FY2021-Q1WorsenedAnnual report
「For the amortization period of actuarial differences and past service costs in accounting for retirement benefits, we had previously amortized the costs over 15 years, a specified period within the employees' average remaining service period. Because the average remaining service period fell below 15 years, we changed the amortization period to 13 years from the beginning of the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating loss, ordinary loss and loss before income taxes for the first 3 quarters of the current fiscal year each increased by ¥52 million.」
The amortization period for retirement benefit costs was changed from 15 years to 13 years, increasing operating loss, ordinary loss and loss before income taxes for the first 3 quarters by ¥52 million each. The burden related to retirement benefit costs and obligations has emerged in the results. - FY2020WorsenedAnnual report
「Tokyo Electrical Construction Industry Corporate Pension Fund Net amount ¥15,773 million △¥15,780 million」
For the pension fund under a multi-employer plan, the net amount changed from a positive ¥15,773 million in the previous fiscal year to a negative ¥15,780 million in the current fiscal year. In addition, liabilities related to retirement benefits increased from ¥76 million to ¥123 million, while assets related to retirement benefits declined from ¥1,781 million to ¥1,404 million. - FY2019MitigatedAnnual report
「In addition to the existing system, we established a retirement benefit trust to further strengthen the funding of retirement benefits and contributed ¥900 million in cash and deposits. As a result, liabilities related to retirement benefits decreased by the same amount.」
A ¥900 million contribution to the retirement benefit trust reduced liabilities related to retirement benefits from ¥981 million to ¥76 million. While the risk of changes in assumptions continues to be disclosed, the disclosure also describes measures to strengthen the funding position. - FY2018RestatedAnnual report
「Employee retirement benefit costs and obligations are calculated actuarially based on assumptions such as the discount rate and the long-term return on pension assets. If actual results, such as the rate of investment return, differ from these assumptions, the employee retirement benefit costs and obligations initially calculated will be affected.」
The divergence between assumptions and actual results regarding the discount rate for retirement benefits, long-term returns on pension assets and investment returns continues to be identified as a risk. - FY2016First statedAnnual report
「Employee retirement benefit costs and obligations are calculated actuarially based on assumptions such as the discount rate and the long-term return on pension assets. If actual results, such as the rate of investment return, differ from these assumptions, the employee retirement benefit costs and obligations initially calculated will be affected.」
The divergence between assumptions and actual results regarding the discount rate, long-term returns on pension assets and investment returns is identified as a risk.