Potential loss associated with the special dissolution of the Japan Surfactant Industries Employees' Pension Fund
First written in FY2017-Q1. 4 of 9 entries say "Restated". Latest entry: FY2019-Q1.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2019-Q1Provision Balance EliminatedAnnual report
「Provision for losses associated with the dissolution of the Employees' Pension Fund 295 -」
The ¥295 million provision for losses associated with the dissolution of the Employees' Pension Fund recognized at the end of the previous fiscal year was not recorded on the balance sheet as of the end of the first quarter of the current fiscal year. - FY2018MitigatedAnnual report
「Provision for losses associated with the dissolution of the Employees' Pension Fund 316 295」
The provision for losses associated with the dissolution of the Employees' Pension Fund decreased from ¥316 million to ¥295 million. The burden associated with the fund's dissolution itself continued to be treated as an estimate. - FY2018-Q3RestatedAnnual report
「Provision for losses associated with the dissolution of the Employees' Pension Fund 316 316」
The provision for losses associated with the dissolution of the Employees' Pension Fund remained unchanged at ¥316 million from the end of the previous fiscal year, with recognition of the provision for the burden associated with the fund's dissolution continuing. - FY2018-Q2RestatedAnnual report
「Provision for losses associated with the dissolution of the Employees' Pension Fund 316 316」
The provision for losses associated with the dissolution of the Employees' Pension Fund remained unchanged at ¥316 million from the end of the previous fiscal year, with recognition of the provision for the burden associated with the fund's dissolution continuing. - FY2018-Q1RestatedAnnual report
「Provision for losses associated with the dissolution of the Employees' Pension Fund 316 316」
The provision for losses associated with the dissolution of the Employees' Pension Fund remained unchanged at ¥316 million from the end of the previous fiscal year, with recognition of the provision for the burden associated with the fund's dissolution continuing. - FY2017RestatedAnnual report
「Although the shortfall in the substitute obligation reserve associated with the fund's dissolution had not been finalized at that time, the company recognized a provision for the group's estimated share of the burden based on the projected shortfall at the time of the application for special dissolution. As a result, the company recorded ¥316 million in provision expense for losses associated with the dissolution of the Employees' Pension Fund under extraordinary losses in the consolidated statement of income for the fiscal year, and ¥316 million in provision for losses associated with the dissolution of the Employees' Pension Fund under fixed liabilities in the consolidated balance sheet for the fiscal year.」
The amount of the burden remained undetermined even after approval of the fund's dissolution, and the company continued to recognize an estimated provision of ¥316 million. - FY2017-Q3AdvancedAnnual report
「Although the shortfall in the substitute obligation reserve associated with the fund's dissolution had not been finalized at that time, the company recognized a provision for the group's estimated share of the burden based on the projected shortfall at the time of the application for special dissolution. As a result, the company recorded ¥316 million in provision expense for losses associated with the dissolution of the Employees' Pension Fund under extraordinary losses in the consolidated statement of income for the nine months ended 31 December 2016, and ¥316 million in provision for losses associated with the dissolution of the Employees' Pension Fund under fixed liabilities in the consolidated balance sheet as of 31 December 2016.」
The disclosure notes the further development that the Minister of Health, Labour and Welfare approved the dissolution of the fund on 27 January 2017, in addition to the previously recognized provision. The amount of the burden remains undetermined. - FY2017-Q2MaterialisedAnnual report
「The Japan Surfactant Industries Employees' Pension Fund, in which the company and one consolidated subsidiary participate, resolved to proceed with a special dissolution at the representatives' meeting held on 25 October 2016. Accordingly, the company recognized a provision for the group's estimated share of the burden based on the projected shortfall in the substitute obligation reserve at the time of the application for special dissolution. As a result, the company recorded ¥316 million in provision expense for losses associated with the dissolution of the Employees' Pension Fund under extraordinary losses in the consolidated statement of income for the six months ended 30 September 2016, and ¥316 million in provision for losses associated with the dissolution of the Employees' Pension Fund under fixed liabilities in the consolidated balance sheet as of 30 September 2016.」
Following the earlier disclosure of potential losses, the company recognized a ¥316 million provision for losses after the resolution to proceed with the special dissolution. - FY2017-Q1First statedAnnual report
「Losses may arise from the dissolution, but the amount of the impact on the group cannot currently be reasonably estimated because of the many uncertainties involved.」
Although the special dissolution of the fund has been approved, the amount of the loss to be borne by the group remains undetermined.