Transition to a Risk-Sharing Corporate Pension Plan
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2020-Q3.
1 other company's latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries transferred from defined-benefit corporate pension plans to risk-sharing corporate pension plans effective 1 April 2019. As a result, a loss on the termination of retirement benefit plans of ¥447 million was recognized in other expenses during the cumulative third quarter of the current consolidated fiscal year.」
The transfer of the plans effective 1 April 2019 and the associated recognition of a ¥447 million loss on the termination of retirement benefit plans were reconfirmed. - FY2020-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries transferred from defined-benefit corporate pension plans to risk-sharing corporate pension plans effective 1 April 2019. As a result, a loss on the termination of retirement benefit plans of ¥447 million was recognized in other expenses during the cumulative second quarter of the current consolidated fiscal year.」
The transfer of the plans effective 1 April 2019 was reconfirmed, and a ¥447 million loss on the termination of retirement benefit plans associated with the transfer was recognized. - FY2020-Q1AchievedAnnual report
「The Company and certain consolidated subsidiaries transferred from defined-benefit corporate pension plans to risk-sharing corporate pension plans effective 1 April 2019. As a result, a loss on the termination of retirement benefit plans of ¥447 million was recognized in other expenses during the first quarter of the current consolidated fiscal year.」
The transfer to risk-sharing corporate pension plans effective 1 April 2019 was confirmed as completed, and a ¥447 million loss on the termination of retirement benefit plans associated with the transfer was recognized. - FY2019First statedAnnual report
「The Company and certain consolidated subsidiaries transferred from defined-benefit corporate pension plans to risk-sharing corporate pension plans effective 1 April 2019. The special contributions associated with the transfer amounted to ¥2,414 million and are scheduled to be paid over 8 years.」
The plans changed on 1 April 2019 to an arrangement under which labor and management share future risks. The Company disclosed plans to pay special contributions of ¥2,414 million over 8 years.