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Mitsubishi Kakoki (6331) · RiskMitigated

Retirement benefit burden from discount rates and pension asset investment performance

First written in FY2016. 29 of 35 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-07-31.

35entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018-Q1 – FY2020-Q3MitigatedFY2021-Q1 – FY2023MitigatedFY2025 – 2026-07-312016: 120162017: 320172018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 320242025: 220252026: 32026
Same theme, other companies
Retirement Benefit Obligation and Pension Asset Investment Environment RiskA theme 48 companies write about · 47 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 2 of 15 companies on the "Worse" side.

12 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 48 companies compared. The sentences above are computed from all 48.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31MitigatedEarnings

    「This was due to factors including a decrease of ¥2,379 million in retirement benefit liabilities.」

    Retirement benefit liabilities decreased from ¥3,644 million to ¥1,265 million in connection with contributions to the retirement benefit trust.
  2. FY2026MitigatedAnnual report

    「¥1,156 million increase in retirement benefit assets」

    Retirement benefit assets increased from ¥2,395 million to ¥3,551 million, while the retirement benefit liability decreased from ¥3,831 million to ¥3,644 million. The net amount of liabilities and assets decreased from ¥1,435 million to ¥92 million.
  3. 2026-05-15MitigatedRevisions to earnings forecasts

    「This was due to factors including an increase of ¥1,156 million in retirement benefit assets.」

    Retirement benefit assets increased from ¥2,395 million to ¥3,551 million, while retirement benefit liabilities decreased from ¥3,831 million to ¥3,644 million.
  4. FY2026-H1MitigatedAnnual report

    「¥282 million decrease in retirement benefit assets and liabilities」

    Retirement benefit assets and liabilities decreased by a total of ¥282 million. On the balance sheet, the retirement benefit liability decreased from ¥3,831 million to ¥3,752 million, while assets increased from ¥2,395 million to ¥2,611 million.
  5. FY2025MitigatedAnnual report

    「¥391 million increase in retirement benefit assets」

    The retirement benefit liability decreased from ¥3,931 million to ¥3,831 million, while retirement benefit assets increased from ¥2,004 million to ¥2,395 million.
  6. FY2025-H1WorsenedAnnual report

    「Retirement benefit liability 3,931 3,960」

    The retirement benefit liability increased by ¥29 million, from ¥3,931 million at the end of the previous consolidated fiscal year to ¥3,960 million.
  7. FY2024MitigatedAnnual report

    「¥1,106 million increase in retirement benefit assets」

    While the retirement benefit liability increased, retirement benefit assets increased from ¥897 million to ¥2,004 million, reducing the net amount of liabilities and assets from ¥2,862 million to ¥1,927 million.
  8. FY2024-Q3WorsenedAnnual report

    「Retirement benefit liability 3,760 3,810」

    The retirement benefit liability increased from ¥3,760 million at the end of the previous consolidated fiscal year to ¥3,810 million.
  9. FY2024-Q2WorsenedAnnual report

    「Retirement benefit liability 3,760 3,796」

    The retirement benefit liability increased from ¥3,760 million at the end of the previous consolidated fiscal year to ¥3,796 million.
  10. FY2023MitigatedAnnual report

    「Due to the impact of a ¥1,269 million decrease in the retirement benefit liability, among other factors.」

    The retirement benefit liability decreased from ¥5,030 million to ¥3,760 million, and ¥897 million in retirement benefit assets was also recorded.
  11. FY2023-Q3MitigatedAnnual report

    「¥1,086 million decrease in retirement benefit liability」

    The retirement benefit liability decreased by ¥1,086 million, from ¥5,030 million at the end of the previous consolidated fiscal year to ¥3,943 million. The company also recorded ¥982 million in retirement benefit assets and an increase in the accumulated adjustments related to retirement benefits.
  12. FY2023-Q2MitigatedAnnual report

    「¥159 million decrease in retirement benefit liability」

    The retirement benefit liability decreased by ¥159 million, from ¥5,030 million at the end of the previous consolidated fiscal year to ¥4,870 million.
  13. FY2023-Q1MitigatedAnnual report

    「¥79 million decrease in retirement benefit liability」

    The retirement benefit liability decreased by ¥79 million from the end of March 2022, reducing the retirement benefit burden.
  14. FY2022MitigatedAnnual report

    「¥400 million decrease in retirement benefit liability」

    The retirement benefit liability decreased by ¥400 million, from ¥5,430 million to ¥5,030 million.
  15. FY2022-Q3MitigatedAnnual report

    「Due to the impact of a ¥290 million decrease in the retirement benefit liability, among other factors.」

    The retirement benefit liability decreased by ¥290 million, from ¥5,430 million at the end of the previous consolidated fiscal year to ¥5,139 million.
  16. FY2022-Q2MitigatedAnnual report

    「Decrease in retirement benefit liability Impact of ¥182 million, etc.」

    The retirement benefit liability decreased by ¥182 million, from ¥5,430 million at 31 March 2021 to ¥5,247 million.
  17. FY2022-Q1MitigatedAnnual report

    「Retirement benefit liability 5,430 5,332」

    The retirement benefit liability decreased from ¥5,430 million at 31 March 2021 to ¥5,332 million at 30 June 2021.
  18. FY2021MitigatedAnnual report

    「A ¥1,341 million decrease in liabilities related to retirement benefits」

    The retirement benefit liability decreased by ¥1,341 million, from ¥6,772 million at the end of the previous fiscal year to ¥5,430 million.
  19. FY2021-Q3MitigatedAnnual report

    「Liabilities related to retirement benefits 6,772 6,513」

    Liabilities related to retirement benefits decreased from ¥6,772 million at the end of the previous consolidated fiscal year to ¥6,513 million, reducing the retirement benefit burden.
  20. FY2021-Q2MitigatedAnnual report

    「A ¥177 million decrease in liabilities related to retirement benefits」

    Liabilities related to retirement benefits decreased by ¥177 million from the end of the previous consolidated fiscal year to ¥6,594 million.
  21. FY2021-Q1MitigatedAnnual report

    「This was due to factors including a ¥101 million decrease in liabilities related to retirement benefits.」

    Liabilities related to retirement benefits decreased by ¥101 million from the end of the previous consolidated fiscal year, from ¥6,772 million to ¥6,670 million.
  22. FY2020WorsenedAnnual report

    「Due to factors including a ¥459 million increase in liabilities related to retirement benefits」

    Liabilities related to retirement benefits increased by ¥459 million from ¥6,313 million at the end of the previous fiscal year to ¥6,772 million.
  23. FY2020-Q3MitigatedAnnual report

    「A ¥283 million decrease in liabilities related to retirement benefits」

    Liabilities related to retirement benefits decreased by ¥283 million from the end of the previous consolidated fiscal year to ¥6,029 million. The retirement benefit burden continued to decline.
  24. FY2020-Q2MitigatedAnnual report

    「This was due to factors including a ¥192 million decrease in liabilities related to retirement benefits.」

    Liabilities related to retirement benefits decreased by ¥192 million from the end of the previous consolidated fiscal year, continuing the reduction in the retirement benefit burden.
  25. FY2020-Q1MitigatedAnnual report

    「Liabilities related to retirement benefits 6,313 6,211」

    Liabilities related to retirement benefits decreased by ¥102 million from ¥6,313 million at the end of the previous consolidated fiscal year to ¥6,211 million, continuing the reduction in the burden.
  26. FY2019MitigatedAnnual report

    「A ¥952 million decrease in liabilities related to retirement benefits」

    Liabilities related to retirement benefits decreased by ¥952 million from the end of the previous fiscal year to ¥6,313 million.
  27. FY2019-Q3MitigatedAnnual report

    「This was due to factors including a ¥346 million decrease in liabilities related to retirement benefits.」

    Liabilities related to retirement benefits decreased by ¥346 million from the end of the previous consolidated fiscal year, continuing the reduction in the retirement benefit burden.
  28. FY2019-Q2MitigatedAnnual report

    「A ¥203 million decrease in liabilities related to retirement benefits」

    Liabilities related to retirement benefits decreased by ¥203 million from the end of the previous consolidated fiscal year, continuing the reduction in the retirement benefit burden.
  29. FY2019-Q1MitigatedAnnual report

    「Liabilities related to retirement benefits 7,265 7,141」

    Liabilities related to retirement benefits decreased from ¥7,265 million at the end of the previous consolidated fiscal year to ¥7,141 million.
  30. FY2018MitigatedAnnual report

    「Liabilities related to retirement benefits decreased from ¥8,015 million at the end of the previous consolidated fiscal year to ¥7,265 million.」

    Liabilities related to retirement benefits decreased by ¥750 million, reducing the burden that had increased in the previous fiscal year.
  31. FY2018-Q3MitigatedAnnual report

    「Liabilities related to retirement benefits 8,015 7,661」

    Liabilities related to retirement benefits decreased from ¥8,015 million at the end of the previous consolidated fiscal year to ¥7,661 million.
  32. FY2018-Q2MitigatedAnnual report

    「Liabilities related to retirement benefits 8,015 7,789」

    Liabilities related to retirement benefits decreased from ¥8,015 million at the end of the previous consolidated fiscal year to ¥7,789 million.
  33. FY2018-Q1MitigatedAnnual report

    「Liabilities related to retirement benefits 8,015 7,895」

    Liabilities related to retirement benefits decreased from ¥8,015 million at the end of the previous consolidated fiscal year to ¥7,895 million.
  34. FY2017WorsenedAnnual report

    「Liabilities related to retirement benefits increased from ¥7,947 million at the end of the previous consolidated fiscal year to ¥8,015 million.」

    While the discount rate remained unchanged at 0.2–0.4%, liabilities related to retirement benefits increased by ¥68 million.
  35. FY2016First statedAnnual report

    「A decline in discount rates or deterioration in pension asset investment returns may adversely affect the performance and financial position of the Group.」

    The discount rate declined from 1.1–1.2% to 0.2–0.4%, while liabilities related to retirement benefits increased from ¥7,123 million to ¥7,947 million.
Moved together

"Yen Appreciation and Exchange-Rate Fluctuations in Foreign-Currency-Denominated Transactions" moved the same way as this thread, in the same document, in 16 of its 35 moves.

16131312119★123456
  1. ★This thread
  2. 1Yen Appreciation and Exchange-Rate Fluctuations in Foreign-Currency-Denominated Transactions16×
  3. 2Increase in provision for losses on construction contracts13×
  4. 3Impairment losses on securities held due to falling share prices13×
  5. 4Capital investment trends in key customer industries12×
  6. 5Operational efficiency, indirect cost improvements, and strengthening the financial position11×
  7. 6Partial Sale of Investment Securities and Recognition of Gains on Sale9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mitsubishi Kakoki's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-07-31: "Mitigated".
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Retirement benefit burden from discount rates and pension asset investment performance | Mitsubishi Kakoki Kaisha,Ltd. (6331) | Komori