Impact of Declines in Asset Values and Changes in Retirement Benefit Assumptions
First written in FY2022. 1 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group's companies hold assets including real estate and securities, and declines in asset values may affect business performance.」
It continues to disclose the risks of declining asset values, changes in retirement benefit assumptions and pension asset investment failures, together with responses involving profit and loss management and monitoring of investment performance. - FY2024WorsenedAnnual report
「In addition, if the entrusted assets were to be lost as a result of investment failures or other events at the parties entrusted with managing pension assets, business performance could be affected.」
In addition to the previously identified risks of declining asset values and changes in retirement benefit assumptions, it explicitly identifies investment failures by pension asset managers and the loss of entrusted assets as risks. - FY2023MitigatedAnnual report
「Accordingly, in addition to seeking to increase asset values by reviewing profit and loss management, we are working to reduce risk by regularly monitoring the investment status of pension assets and continuing our review.」
It explicitly identifies a review of profit and loss management and regular monitoring of pension assets as countermeasures against the risks of declining asset values and changes in retirement benefit assumptions. - FY2022First statedAnnual report
「The Group's companies hold assets including real estate and securities, and declines in asset values may affect business performance. With respect to employees' retirement benefit obligations, changes in the market value of pension assets, investment returns, discount rates or other assumptions used to calculate retirement benefit obligations may affect business performance.」
It newly identifies declines in the value of real estate and securities and changes in retirement benefit assumptions, including the market value and investment returns of pension assets and discount rates, as major risks.