Changes in Defined Benefit Obligations and Pension Assumptions
First written in FY2016. 2 of 6 entries say "Mitigated", first in FY2020. Latest entry: FY2025.
25 other companies' latest entry also says "Other".
- FY2025Additional loss recognized on transition between retirement benefit plansAnnual report
「Although this plan change substantially reduces risk, retirement benefit obligations and expenses related to retirees are calculated based on assumptions established through actuarial calculations, such as discount rates, and expected rates of return on pension assets. If actual results differ from the assumptions, this could affect our Group's financial position and operating performance.」
While the transition of the portion relating to active employees to a defined contribution pension plan reduced risk, a loss on transition of retirement benefit plans of ¥49 million was also recognized in the fiscal year ended March 2025, and the disclosure continues to address risks related to obligations and expenses for the portion relating to retirees. - FY2025-H1Recognition of income and expenses associated with the plan transitionAnnual report
「This was mainly because reductions of ¥12,131 million in trade receivables and ¥1,531 million in other receivables provided positive cash flow, while reductions of ¥11,715 million in trade payables and ¥1,930 million in other payables, corporate taxes and other taxes paid of ¥751 million, and payments of ¥336 million associated with the transition between retirement benefit plans provided negative cash flow.」
In connection with the transition to a defined contribution corporate pension plan, we recognized a gain on transition of retirement benefit plans of ¥138 million and payments of ¥336 million associated with the transition. - FY2024MitigatedAnnual report
「Our company and certain consolidated subsidiaries transitioned from defined benefit corporate pension plans to defined contribution corporate pension plans effective 1 April 2024. For the accounting treatment of this transition, we applied "Accounting for Transfers, etc. between Retirement Benefit Plans" (ASBJ Guidance No. 1, 16 December 2016) and "Practical Solution on Accounting for Transfers, etc. between Retirement Benefit Plans" (Practical Issues Task Force No. 2, 7 February 2007), and accounted for the portion transferred to the defined contribution corporate pension plan as a partial termination of the retirement benefit plan. Accordingly, we recognized a loss on transition of retirement benefit plans of ¥220 million as an extraordinary loss in the current consolidated fiscal year.」
We transitioned from a defined benefit corporate pension plan to a defined contribution corporate pension plan, reducing future risks related to retirement benefit obligations, while recognizing a transition loss of ¥220 million. - FY2020MitigatedAnnual report
「Our Group transitioned to a defined benefit corporate pension plan with a cash balance design that also has the characteristics of a defined contribution plan, with the aim of reducing risks to future-period operating performance and financial position.」
The Group indicated a policy of reducing retirement benefit risks affecting future-period operating performance and financial position by transitioning to a cash balance plan. - FY2018MaterialisedAnnual report
「Our company and 3 consolidated subsidiaries had participated in a welfare pension fund under a multi-employer plan, but voluntarily withdrew on 30 September 2017. A special contribution of ¥512 million associated with withdrawal from the fund was recognized as an extraordinary loss.」
A special contribution of ¥512 million associated with voluntary withdrawal from the welfare pension fund was actually recognized. - FY2016First statedAnnual report
「However, employee retirement benefit obligations and expenses are calculated based on assumptions established through actuarial calculations, such as discount rates, and expected rates of return on pension assets. If actual results differ from or the assumptions are changed, this could affect our Group's financial position and operating performance.」
Retirement benefit liability at the end of the current fiscal year: ¥2,819 million.