Employees' Pension Fund Underfunding and Dissolution Loss Risk
First written in FY2016. 2 of 3 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2017.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2017MitigatedAnnual report
「The Kansai Bunshi Office Equipment Employees' Pension Fund, a collectively established employees' pension fund to which the Company and certain domestic consolidated subsidiaries belonged, was dissolved with the approval of the Minister of Health, Labour and Welfare on 2 September 2016.」
The dissolution of the employees' pension fund was completed, and the ¥67 million provision for dissolution losses recognized in the previous fiscal year was also reversed in the current fiscal year. - FY2017-Q2MitigatedAnnual report
「Reversal of provision for dissolution losses related to the employees' pension fund 67,000」
The ¥67 million provision for dissolution losses related to the employees' pension fund recognized in the previous fiscal year disappeared from liabilities at the end of the second quarter under review, and a ¥67 million reversal was recognized. The financial response to the risk has been scaled back, but completion of the dissolution itself is not stated. - FY2016MaterialisedAnnual report
「The employees' pension fund resolved a policy of special dissolution at its delegates' meeting held on 18 February 2015. Accordingly, a provision of ¥67 million was recognized for the estimated resulting loss.」
The resolution of a policy of special dissolution and recognition of a ¥67 million provision indicate that the pension-related risk has materialized.