Revision of the retirement benefit plan from a final-salary-based formula to a points-based system
First written in FY2017-Q2. 2 of 6 entries say "Restated". Latest entry: FY2025.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Effective 1 October 2016, the Company revised its retirement benefit plan, changing it from a final salary-based plan to a point-based plan. In addition, on 1 April 2019, the Company transferred part of its retirement lump-sum benefit plan to a defined contribution pension plan and, effective 1 January 2023, transferred its fund-type corporate pension plan to a contract-based corporate pension plan under the Defined-Benefit Corporate Pension Act.」
The Company continues to disclose the change to a point-based plan, the transfer of part of the plan to a defined contribution pension plan, and the transfer from a fund-type to a contract-based corporate pension plan. - FY2024AdvancedAnnual report
「Effective 1 October 2016, the Company revised its retirement benefit plan, changing it from a final salary-based plan to a point-based plan. In addition, on 1 April 2019, the Company transferred part of its retirement lump-sum benefit plan to a defined contribution pension plan and, effective 1 January 2023, transferred its fund-type corporate pension plan to a contract-based corporate pension plan under the Defined-Benefit Corporate Pension Act.」
In addition to the change to a point-based plan and the transfer of part of the plan to a defined contribution pension plan, the disclosure states that the fund-type corporate pension plan was transferred to a contract-based corporate pension plan effective 1 January 2023. - FY2020AdvancedAnnual report
「Effective 1 October 2016, the Company revised its retirement benefit plan, changing it from a final salary-based plan to a point-based plan. In addition, on 1 April 2019, the Company transferred part of its retirement lump-sum benefit plan to a defined contribution pension plan.」
In addition to the earlier revision to a point-based plan, the disclosure states that part of the retirement lump-sum benefit plan was transferred to a defined contribution pension plan effective 1 April 2019. - FY2017AchievedAnnual report
「During the consolidated fiscal year, the Company revised its retirement benefit plan from a final salary-based plan to a point-based plan. This plan change reduced retirement benefit obligations by ¥945 million. Because this reduction in retirement benefit obligations constitutes past service cost, it is being recognized as an expense on a straight-line basis over 10 years in accordance with the Company's accounting policies.」
The revision of the retirement benefit plan to a point-based plan was confirmed as an initiative implemented during the fiscal year, and the ¥945 million reduction in retirement benefit obligations and the 10-year expense recognition have been disclosed. - FY2017-Q3RestatedAnnual report
「During the second quarter consolidated accounting period, the Company revised its retirement benefit plan from a final salary-based plan to a point-based plan. This plan change reduced retirement benefit obligations by ¥945 million. Because this reduction in retirement benefit obligations constitutes past service cost, it is being recognized as an expense on a straight-line basis over 10 years in accordance with the Company's accounting policies.」
The notes reiterate the revision of the retirement benefit plan to a point-based plan during the second quarter, the ¥945 million reduction in retirement benefit obligations, and the recognition of the expense on a straight-line basis over 10 years. - FY2017-Q2First statedAnnual report
「During the consolidated second quarter, the Company revised its retirement benefit plan from a final-salary-based formula to a points-based system. This change reduced retirement benefit obligations by ¥945 million.」
During the second quarter consolidated accounting period, the retirement benefit plan was revised to a point-based plan, reducing retirement benefit obligations by ¥945 million.