Risk of burden arising from the dissolution of an Employees’ Pension Fund
First written in FY2016. 1 of 3 entries say "Materialised", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「Accordingly, the ¥26.922 million provision for dissolution-related losses of the Employees' Pension Fund was reversed and recorded as a reversal of the provision for dissolution-related losses of the Employees' Pension Fund under extraordinary gains.」
The fund had already been dissolved and was undergoing liquidation. Following notification of the amount of the dissolution-related contribution, the ¥26.922 million provision was reversed. - FY2017MaterialisedAnnual report
「The Nihon Ham and Sausage Industry Employees' Pension Fund, a multi-employer plan in which the company and certain consolidated subsidiaries participate, was dissolved with the approval of the Minister of Health, Labour and Welfare dated 29 July 2016.」
The fund dissolution anticipated in the previous fiscal year was actually approved and completed. The ¥26.922 million provision for dissolution-related losses continues to be recorded. - FY2016First statedAnnual report
「Although expenses were expected to arise in connection with the dissolution of the fund, the fund notified the company of the estimated amount of its share of the dissolution-related loss, making a reasonable estimate possible. Accordingly, in the consolidated fiscal year under review, the company recorded ¥26.922 million as an extraordinary loss for the provision for dissolution-related losses of the Employees' Pension Fund in the consolidated statement of income, and ¥26.922 million as a provision for dissolution-related losses of the Employees' Pension Fund under non-current liabilities in the consolidated balance sheet.」
The procedures targeting dissolution in July 2016, the dissolution resolution and the recognition of a ¥26.922 million provision are disclosed. This reflects recognition of the expected contribution, not the actual completion of the fund's dissolution and payment.