Transition from a Lump-Sum Retirement Allowance Plan to a Defined-Contribution Pension Plan
First written in FY2023-Q1. 5 of 6 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2025.
5 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥530 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable in current liabilities and long-term accounts payable in non-current liabilities.」
Following the transition to the defined contribution pension plans, the amount not yet transferred declined from ¥845 million in the previous fiscal year to ¥530 million, indicating progress in the transition process. - FY2024AdvancedAnnual report
「The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥845 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable in current liabilities and long-term accounts payable in non-current liabilities.」
Following the transition from the retirement benefit plans, the amount not yet transferred declined from ¥1,222 million in the previous fiscal year to ¥845 million, indicating progress in the transition process. - FY2023AdvancedAnnual report
「The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥1,222 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable in current liabilities and long-term accounts payable in non-current liabilities.」
Following the transition to the defined contribution pension plans, the amount not yet transferred declined from ¥1,530 million in the third quarter to ¥1,222 million, indicating progress in the transition process. - FY2023-Q3AdvancedAnnual report
「Accordingly, a gain of ¥36 million on the revision of retirement benefit plans was recorded as extraordinary income during the current third-quarter consolidated cumulative period. The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥1,530 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable included in other current liabilities and long-term accounts payable included in other non-current liabilities.」
Following the transition to the defined contribution corporate pension plans, the amount not yet transferred declined from ¥1,537 million to ¥1,530 million, indicating progress in the transition process. - FY2023-Q2AdvancedAnnual report
「Accordingly, a gain of ¥36 million on the revision of retirement benefit plans was recorded as extraordinary income during the current second-quarter consolidated cumulative period. The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥1,537 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable included in other current liabilities and long-term accounts payable included in other non-current liabilities.」
Following the transition to the defined contribution corporate pension plans, the amount not yet transferred declined from ¥1,568 million in the previous quarter to ¥1,537 million, indicating progress in the transition process. - FY2023-Q1First statedAnnual report
「The company and certain consolidated subsidiaries transitioned from lump-sum retirement allowance plans to defined contribution pension plans effective 1 October 2022. For the accounting treatment associated with this transition, the company applied the Accounting Standard Implementation Guidance No. 1, "Accounting Treatment for Transfers, etc. between Retirement Benefit Plans" (16 December 2016), and Practical Solution Report No. 2, "Practical Treatment of Accounting for Transfers, etc. between Retirement Benefit Plans" (7 February 2007), and accounted for the portion transferred to the defined contribution pension plans as a partial settlement of the retirement benefit plans. Accordingly, a gain of ¥36 million on the revision of retirement benefit plans was recorded as extraordinary income during the current first-quarter consolidated cumulative period. The amount transferred to the defined contribution corporate pension plans was ¥1,882 million, while the ¥1,568 million not yet transferred as of the end of the current consolidated fiscal year was recorded as accounts payable included in other current liabilities and long-term accounts payable included in other non-current liabilities.」
The company transitioned from its lump-sum retirement allowance plans to defined contribution pension plans on 1 October 2022 and recorded a ¥36 million gain on the revision of retirement benefit plans. The amount transferred was ¥1,882 million, and the amount not yet transferred was ¥1,568 million.