Additional Contributions and Expense Burden Resulting from Lower Returns on Pension Assets
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2026.
20 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, we have established an in-house Pension Asset Management Committee to monitor investment performance, and select investment managers on the condition that they have adopted Japan’s Stewardship Code.」
We continue to monitor through the Pension Asset Management Committee and use acceptance of the Stewardship Code as a criterion for selecting outsourced managers. - FY2023RestatedAnnual report
「In addition, we have established an in-house Pension Asset Management Committee to monitor investment performance, and select investment managers on the condition that they have adopted Japan’s Stewardship Code.」
We continue to monitor through the Pension Asset Management Committee and use acceptance of the Stewardship Code as a criterion for selecting outsourced managers. - FY2022RestatedAnnual report
「During the fiscal year, we established a retirement benefit trust and contributed ¥497 million in cash and deposits to further strengthen the retirement benefit plan. As a result, the retirement benefit liability decreased.」
The company has reiterated its explanation that the retirement benefit liability decreased following the establishment of a retirement benefit trust and a ¥497 million contribution. At the fiscal year-end, prepaid pension costs of ¥332.96 million were recognized. - FY2022-Q2MitigatedAnnual report
「During the second quarter accounting period, we established a retirement benefit trust and contributed ¥497 million in cash and deposits to further strengthen the retirement benefit plan. As a result, the retirement benefit liability decreased.」
To strengthen the retirement benefit plan, the company established a retirement benefit trust and contributed ¥497 million. This reduced the retirement benefit liability and made its response to pension-asset management risk more concrete. - FY2021MitigatedAnnual report
「In addition, we have established an in-house Pension Asset Management Committee to monitor investment performance, and select investment managers on the condition that they have adopted Japan’s Stewardship Code.」
The company has disclosed management measures consisting of monitoring by the Pension Asset Management Committee and requiring investment managers to adopt the Stewardship Code as a selection criterion. The risk of additional contributions and expenses due to market fluctuations remains. - FY2020First statedAnnual report
「If the returns on plan assets decline due to unpredictable market fluctuations in equity, bond and other markets, there is a risk that additional contributions and expenses will be required.」
The company has for the first time listed as a separate item the risk of additional contributions and expenses arising from market fluctuations affecting pension-asset management.