Risk of Changes in Assumptions Underlying Retirement Benefit Obligations
First written in FY2016. 20 of 26 entries say "Mitigated", first in FY2017. Latest entry: FY2024.
24 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「On 1 April 2023, the pension plans of all companies participating in the Hitachi Corporate Pension Fund completed the transition from defined benefit pension plans to risk-sharing corporate pension plans for plan members.」
All companies participating in the Hitachi Corporate Pension Fund completed the transition to risk-sharing corporate pension plans, and measures to reduce the risks associated with additional contributions and fluctuations in retirement benefit liabilities reached the completion stage. - FY2024-Q3MitigatedAnnual report
「Liability for retirement benefits 323,264 281,775」
The liability for retirement benefits decreased from ¥323,264 million at the end of the previous fiscal year to ¥281,775 million at the end of the third quarter. - FY2024-Q2Updated the balance of the retirement benefit liabilityAnnual report
「Liability for retirement benefits 323,264 327,377」
The liability for retirement benefits increased from ¥323,264 million at the end of the previous fiscal year to ¥327,377 million at the end of the second quarter. - FY2024-Q1Updated the balance of the retirement benefit liabilityAnnual report
「Liability for retirement benefits 323,264 327,293」
The liability for retirement benefits increased from ¥323,264 million at the end of the previous fiscal year to ¥327,293 million. - FY2023MitigatedAnnual report
「Liability for retirement benefits 414,839 323,264」
The liability for retirement benefits decreased from ¥414,839 million at the end of the previous fiscal year to ¥323,264 million. The discount rate also increased from 0.8% to 1.2%. - FY2023-Q3Updated the balance of the retirement benefit liabilityAnnual report
「Liability for retirement benefits 414,839 344,532」
The liability for retirement benefits decreased from ¥414,839 million at the end of March 2022 to ¥344,532 million. - FY2023-Q2Updated the balance of the retirement benefit liabilityAnnual report
「Liability for retirement benefits 414,839 415,174」
The liability for retirement benefits increased slightly from ¥414,839 million at the end of March 2022 to ¥415,174 million. - FY2023-Q1Updated the balance of the retirement benefit liabilityAnnual report
「Liability for retirement benefits 414,839 427,695」
The liability for retirement benefits increased from ¥414,839 million at the end of March 2022 to ¥427,695 million. - FY2022MitigatedAnnual report
「The liability for retirement benefits decreased from ¥433,954 million at the end of the previous fiscal year to ¥414,839 million.」
The liability for retirement benefits decreased by ¥19,115 million from the end of the previous fiscal year. In addition, on 1 April 2022, 43 subsidiaries participating in the Hitachi Corporate Pension Fund moved to the risk-sharing corporate pension plan, completing the transition at nearly all participating companies. - FY2022-Q2MitigatedAnnual report
「Liability for retirement benefits 433,954 428,788」
The liability for retirement benefits decreased from ¥433,954 million at the end of March 2021 to ¥428,788 million. - FY2022-Q1MitigatedAnnual report
「Liability for retirement benefits 433,954 430,773」
The liability for retirement benefits decreased from ¥433,954 million at the end of the previous fiscal year to ¥430,773 million. - FY2021MitigatedAnnual report
「Liability for retirement benefits 514,375 433,954」
The liability for retirement benefits decreased from ¥514,375 million at the end of the previous fiscal year to ¥433,954 million. The policy of fixing contribution obligations under the risk-sharing corporate pension plan also remains in place. - FY2021-Q3MitigatedAnnual report
「Retirement benefit liability 514,375 500,629」
The retirement benefit liability decreased from ¥51.4375 billion at the end of March 2020 to ¥50.0629 billion. - FY2020MitigatedAnnual report
「On 1 April 2019, the company and certain subsidiaries introduced a risk-sharing corporate pension plan for participants in the Hitachi Corporate Pension Fund pension plan.」
The company continues to operate the plan to limit the risk of additional contributions following the transition to a risk-sharing corporate pension plan. The retirement benefit liability was ¥514,375 million. - FY2020-Q3MitigatedAnnual report
「The retirement benefit liability decreased from ¥526,688 million at the end of the previous fiscal year to ¥513,259 million.」
The retirement benefit liability decreased by ¥1.3429 billion from the end of the previous fiscal year. - FY2020-Q2MitigatedAnnual report
「Retirement benefit liability 526,688 505,628」
The retirement benefit liability decreased from ¥526,688 million at the end of the previous fiscal year to ¥505,628 million. - FY2020-Q1MitigatedAnnual report
「The retirement benefit liability decreased from ¥526,688 million at the end of the previous fiscal year to ¥505,816 million.」
The retirement benefit liability decreased by ¥20.9 billion from the end of the previous fiscal year, mitigating the impact of the risk on the balance. - FY2019MitigatedAnnual report
「The retirement benefit liability decreased from ¥575,156 million at the end of the previous fiscal year to ¥526,688 million.」
The retirement benefit liability decreased by ¥48.468 billion from the end of the previous fiscal year. The discount rate changed from 0.6% to 0.5%, and the risk arising from changes in assumptions remains ongoing. - FY2019-Q3MitigatedAnnual report
「Retirement benefit liability 575,156 538,947」
The retirement benefit liability decreased from ¥575,156 million at the end of the previous fiscal year to ¥538,947 million. - FY2019-Q1MitigatedAnnual report
「The retirement benefit liability decreased from ¥635,684 million at the end of the previous fiscal year to ¥553,825 million.」
The retirement benefit liability decreased by approximately ¥21.3 billion from the end of the previous fiscal year. The risk arising from changes in assumptions remains ongoing. - FY2018MitigatedAnnual report
「The retirement benefit liability decreased from ¥635,684 million at the end of the previous fiscal year to ¥575,156 million.」
The retirement benefit liability decreased by approximately ¥60.5 billion from the end of the previous fiscal year. The discount rate was 0.6%, and the risk arising from changes in assumptions remains ongoing. - FY2018-Q3MitigatedAnnual report
「Retirement benefit liability 635,684 619,091」
The retirement benefit liability decreased from ¥635.684 billion at the end of the previous fiscal year to ¥619.091 billion. - FY2018-Q2MitigatedAnnual report
「Retirement benefit liability 635,684 623,457」
The retirement benefit liability decreased from ¥635.684 billion at the end of the previous fiscal year to ¥623.457 billion. - FY2018-Q1MitigatedAnnual report
「The retirement benefit liability decreased from ¥635,684 million at the end of the previous fiscal year to ¥630,362 million.」
The retirement benefit liability decreased by ¥5.3 billion from the end of the previous fiscal year. - FY2017MitigatedAnnual report
「The retirement benefit liability decreased from ¥783,670 million at the end of the previous fiscal year to ¥635,684 million.」
The retirement benefit liability decreased due to changes in the scope of consolidation and other factors. The discount rate remained unchanged at 0.6%, and the risk arising from changes in assumptions remains ongoing. - FY2016First statedAnnual report
「A decline in the discount rate may result in an increase in the actuarial liability for retirement benefits.」
The retirement benefit liability was ¥783.7 billion. The discount rate declined from 1.0% to 0.6%, reducing comprehensive income for the fiscal year due to actuarial differences and other factors.