Volatility in Retirement Benefit Obligations and Pension Asset Investment Returns
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 2 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026-H1Gain on revision of retirement benefit planAnnual report
「Net income for the interim period attributable to owners of the parent was ¥1,072 million, up 42.7% year on year, partly due to the recognition of a gain on revision of the retirement benefit plan.」
The Company identifies recognition of a gain on revision of the retirement benefit plan as one of the factors behind the 42.7% year-on-year increase in interim net income attributable to owners of the parent. - FY2024RestatedAnnual report
「The Group's performance and financial position may be affected by factors including weak returns on pension assets and a further decline in the discount rate.」
The Company continues to state that changes in pension asset returns, the discount rate and other factors may affect its performance and financial position. - FY2021RestatedAnnual report
「The Company has adopted a corporate pension plan, and employee retirement benefit expenses and obligations are calculated based on actuarial assumptions, including the discount rate, and the expected rate of return on pension assets. Accordingly, the Group's performance may be affected by factors including weak returns on pension assets and a further decline in the discount rate.」
The Company continues to state that changes in pension asset returns, the discount rate and other factors may affect its performance. - FY2020RestatedAnnual report
「This was due to an increase in net income attributable to owners of the parent, resulting from the effect of higher revenue, improvements in the gross profit margin, and decreases in retirement benefit expenses and other costs.」
The Company continued to explain, on a full-year basis, that lower retirement benefit expenses and other costs contributed to the improvement in profit. - FY2020-Q3MitigatedAnnual report
「In addition to the effect of higher revenue, improvements in the gross profit margin and decreases in fixed costs, including retirement benefit expenses, resulted in operating profit of ¥648 million, up 81.2% year on year」
The Company identifies lower fixed costs, including retirement benefit expenses, as a factor contributing to the decrease, indicating that the pressure on profit from increased expense burdens has eased. - FY2018MaterialisedAnnual report
「Increased retirement benefit expenses due to a decline in the discount rate against the backdrop of the Bank of Japan's low interest rate policy, the relocation of the Tokyo office, now the Tokyo head office, to strengthen sales capabilities, and improvements in employee compensation resulted in operating profit of ¥501 million, down 8.6% from the previous consolidated fiscal year」
The Company specifically identifies increased retirement benefit expenses due to the decline in the discount rate against the backdrop of the low interest rate policy as a factor contributing to the decline in operating profit. - FY2017First statedAnnual report
「The Group's performance may be affected by factors including weak returns on pension assets and a further decline in the discount rate.」
The Company states that changes in pension asset returns and the discount rate may affect its performance.