Pension Funding Shortfall in Multi-Employer Plans
First written in FY2017. 8 of 9 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2023: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Pension assets of ¥13,694 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,630 million, and a difference of ¥3,064 million」
The difference under the multiple-employer plan increased from ¥2,634 million in the previous fiscal year to ¥3,064 million, and the plan remains fully funded. - FY2025MitigatedAnnual report
「Pension assets of ¥13,041 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,407 million, and a difference of ¥2,634 million」
The difference under the multiple-employer plan increased from ¥1,891 million in the previous fiscal year to ¥2,634 million, and the plan remains fully funded. - FY2024MitigatedAnnual report
「Pension assets of ¥12,273 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,382 million, and a difference of ¥1,891 million」
The difference under the multiple-employer plan increased from ¥1,440 million in the previous fiscal year to ¥1,891 million, and the plan remains fully funded. - FY2023MitigatedAnnual report
「Pension assets of ¥11,932 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,492 million, and a difference of ¥1,440 million」
The difference under the multiple-employer plan increased from ¥237 million in the previous fiscal year to ¥1,440 million, and the plan remains fully funded. - FY2022MitigatedAnnual report
「Pension assets of ¥10,839 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,602 million, and a difference of ¥237 million」
The difference under the multiple-employer plan improved from –¥799 million in the previous fiscal year to a positive ¥237 million, eliminating the funding shortfall. - FY2020MitigatedAnnual report
「Pension assets of ¥9,497 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,573 million, and a difference of –¥1,076 million」
The shortfall under the multiple-employer plan narrowed from –¥1,358 million in the previous fiscal year to –¥1,076 million, but a shortfall remains. - FY2019MitigatedAnnual report
「Pension assets of ¥9,224 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,582 million, and a difference of –¥1,358 million」
The shortfall under the multiple-employer plan narrowed from –¥1,797 million in the previous fiscal year to –¥1,358 million, but a shortfall remains. - FY2018MitigatedAnnual report
「Pension assets of ¥8,661 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥10,458 million, and a difference of –¥1,797 million」
The shortfall under the multiple-employer plan narrowed from –¥10,533 million in the previous fiscal year to –¥1,797 million, but a shortfall remains. - FY2017First statedAnnual report
「For the consolidated fiscal year ended 31 March 2016: pension assets of ¥41,445 million, the total of the actuarial liability under the pension actuarial calculation and the minimum liability reserve of ¥51,978 million, and a difference of –¥10,533 million」
For the multiple-employer plan, the company reports that pension assets were lower than the total of the liabilities and other amounts, resulting in a negative difference.