Termination of Retirement Benefit Trust Agreement and Gain on Return
First written in FY2023-Q2. 1 of 2 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company and certain consolidated subsidiaries had jointly established a retirement benefit trust using shares and other assets to provide for future retirement benefits. However, because pension assets were in a state of overfunding relative to retirement benefit obligations and this situation was expected to continue, the retirement benefit trust agreement was terminated in September 2022, and all shares and other assets contributed to the trust were returned.」
The annual report reconfirms the termination of the retirement benefit trust agreement in September 2022, the full return of the shares and other assets contributed to the trust, and the recording of a ¥2,644 million gain on the return of those assets. - FY2023-Q2First statedAnnual report
「Profit attributable to owners of the parent was ¥3,714 million, up 17.1% year on year, due to the recording of an extraordinary gain associated with the termination of the retirement benefit trust agreement. Gain on return of retirement benefit trust assets 2,644」
A gain on the return of retirement benefit trust assets of ¥2,644 million was recorded as an extraordinary gain in connection with the termination of the retirement benefit trust agreement.