Coca-Cola Bottlers Japan Holdings (2579) · InitiativeAchieved
Integration of retirement benefit plans and consolidation into defined contribution pension and retirement lump-sum plans
First written in FY2019-Q1. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
2entries
2years
0from disclosures
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Integration of the defined-benefit pension plan into defined-contribution and lump-sum retirement benefit plansA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2019AchievedAnnual report
「Effective 1 April 2019, the company consolidated the retirement benefit plans primarily for its beverage business into plans consisting of a contributory defined contribution pension plan and a retirement lump-sum plan, and froze the former defined benefit pension plan.」
Effective 1 April 2019, the company consolidated the retirement benefit plans centered on its beverage business into a defined contribution pension plan and a retirement lump-sum plan, and froze the former defined benefit pension plan. - FY2019-Q1First statedAnnual report
「The impact on consolidated results from the second quarter of fiscal 2019 onward is expected to be minor.」
Effective 1 April 2019, the company consolidated the retirement benefit plans primarily for its beverage business into plans consisting of a contributory defined contribution pension plan and a retirement lump-sum plan. Past service costs and other items associated with the plan integration reduced cost of sales and selling, general and administrative expenses by ¥2,170 million in the first quarter.