Pension and Retirement Benefit Funding Shortfalls
First written in FY2016. 16 of 30 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 16 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Present value of defined benefit obligation 19,567”; fair value of plan assets △27,386”; net liability (asset) related to defined benefits (△ indicates an asset) △7,818」
Plan assets increased, and net assets related to defined benefits increased from ¥3,865 million in the previous period to ¥7,818 million. - 2026-04-27MitigatedRevision of earnings forecasts
「The main factors behind changes in assets were increases of ¥5,708 million in inventories, ¥4,138 million in retirement benefit assets and ¥4,009 million in other financial assets (non-current assets).」
Retirement benefit assets increased, indicating further improvement in the funded status. - FY2026-H1MitigatedAnnual report
「The main factors behind the change in assets were increases of ¥1,944 million in other financial assets (non-current assets), ¥1,884 million in other financial assets (current assets), and ¥1,714 million in assets related to retirement benefits.」
Assets related to retirement benefits increased by ¥1,714 million, further improving the funded status from the end of the previous fiscal year. - FY2025MitigatedAnnual report
「Present value of defined benefit obligation 21,069”; fair value of plan assets △24,935”; net liability (asset) related to defined benefits (△ indicates an asset) △3,865」
Plan assets continued to exceed the defined benefit obligation, and net assets related to defined benefits increased from ¥2,053 million in the previous period to ¥3,865 million. - FY2025-H1Increase in retirement benefit assets and recognition of liabilityAnnual report
「Asset related to retirement benefits 2,053 2,384”; liability related to retirement benefits － 555」
The asset related to retirement benefits increased from ¥2,053 million to ¥2,384 million, while a ¥555 million liability related to retirement benefits was also recognized. - FY2024MitigatedAnnual report
「Present value of defined benefit obligation 23,058”; fair value of plan assets △25,112”; net liability (asset) related to defined benefits △2,053」
Plan assets exceeded the defined benefit obligation, shifting the liability related to defined benefits from ¥2,053 million to an asset of ¥2,053 million. - FY2024-Q3MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥1,436 million”; liability related to retirement benefits 2,156 720」
The liability related to retirement benefits decreased from ¥2,156 million at the end of the previous consolidated fiscal year to ¥720 million, reducing the financial burden associated with underfunding. - FY2024-Q2MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥1,035 million」
The liability related to retirement benefits decreased from ¥2,156 million at the end of the previous consolidated fiscal year to ¥1,121 million, reducing the financial burden associated with underfunding. - FY2024-Q1MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥1,246 million」
The liability related to retirement benefits decreased from ¥2,156 million at the end of the previous consolidated fiscal year to ¥909 million, reducing the financial burden associated with underfunding. - FY2023MitigatedAnnual report
「Present value of defined benefit obligation 24,268”; fair value of plan assets △22,111”; liability related to defined benefits 2,156」
The liability related to defined benefits decreased from ¥3,580 million in the previous period to ¥2,156 million, reducing the burden associated with underfunding. - FY2023-Q3WorsenedAnnual report
「Liability related to retirement benefits 3,580 3,756」
The liability related to retirement benefits increased from ¥3,580 million at the end of the previous consolidated fiscal year to ¥3,756 million at the end of the third quarter of the current fiscal year. - FY2023-Q2Slight increase in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 3,580 3,592」
The liability related to retirement benefits increased slightly from ¥3,580 million at the end of the previous consolidated fiscal year to ¥3,592 million. - FY2023-Q1WorsenedAnnual report
「Liability related to retirement benefits 3,580 4,005」
The liability related to retirement benefits increased from ¥3,580 million at the end of the previous consolidated fiscal year to ¥4,005 million. - FY2022-Q3MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥884 million」
The liability related to retirement benefits decreased by ¥884 million, from ¥4,196 million at the end of the previous consolidated fiscal year to ¥3,311 million, reducing the financial burden associated with underfunding. - FY2022-Q2MitigatedAnnual report
「Liability related to retirement benefits 4,196 3,608」
The liability related to retirement benefits decreased from ¥4,196 million at the end of the previous consolidated fiscal year to ¥3,608 million at the end of the second quarter of the current fiscal year. - FY2022-Q1MitigatedAnnual report
「Liability related to retirement benefits 4,196 3,756」
The liability related to retirement benefits decreased from ¥4,196 million at the end of the previous consolidated fiscal year to ¥3,756 million. - FY2021MitigatedAnnual report
「Present value of defined benefit obligation 25,626”; fair value of plan assets △21,430”; liability related to defined benefits 4,196」
The liability related to defined benefits decreased from ¥7,408 million in the previous period to ¥4,196 million, reducing the burden associated with underfunding as plan assets increased. - FY2021-Q3MitigatedAnnual report
「The main factors behind the change in liabilities were an increase of ¥4,943 million in borrowings (current liabilities), a decrease of ¥2,620 million in the liability related to retirement benefits, and a decrease of ¥2,338 million in trade and other payables.」
The liability related to retirement benefits decreased by ¥2,620 million, from ¥7,408 million at the end of the previous consolidated fiscal year to ¥4,788 million, reducing the financial burden associated with underfunding. - FY2021-Q2MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥1,677 million」
The liability related to retirement benefits decreased by ¥1,677 million from the end of the previous consolidated fiscal year to ¥5,730 million. - FY2021-Q1MitigatedAnnual report
「Decrease in liability related to retirement benefits ¥1,202 million」
The liability related to retirement benefits decreased by ¥1,202 million, from ¥7,408 million at the end of the previous consolidated fiscal year to ¥6,206 million at the end of the first quarter of the current fiscal year. - FY2020WorsenedAnnual report
「Present value of defined benefit obligation 25,115”; fair value of plan assets △17,706”; liability related to defined benefits 7,408」
The liability related to defined benefits increased from ¥7,338 million at the end of the previous consolidated fiscal year to ¥7,408 million. - FY2020-Q3Continued decrease in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 7,338 6,400」
The liability related to retirement benefits decreased by ¥938 million, from ¥7,338 million at the end of the previous consolidated fiscal year to ¥6,400 million at the end of the third quarter of the current fiscal year. - FY2020-Q2Decrease in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 7,338 7,079」
The liability related to retirement benefits decreased by ¥259 million, from ¥7,338 million at the end of the previous consolidated fiscal year to ¥7,079 million at the end of the second quarter of the current fiscal year. - FY2020-Q1Slight decrease in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 7,338 7,251」
The liability related to retirement benefits decreased by ¥87 million, from ¥7,338 million at the end of the previous consolidated fiscal year to ¥7,251 million. - FY2019-Q3WorsenedAnnual report
「Liability related to retirement benefits 6,454 7,302」
The liability related to retirement benefits increased from ¥6,454 million at the end of the previous consolidated fiscal year to ¥7,302 million at the end of the third quarter of the current fiscal year, reversing the declining trend reported through the previous quarter. - FY2019-Q2Continued decrease in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 6,454 5,700」
The liability related to retirement benefits decreased from ¥6,454 million at the end of the previous consolidated fiscal year to ¥5,700 million at the end of the second quarter of the current fiscal year. - FY2019-Q1Continued decrease in retirement benefit liabilityAnnual report
「Liability related to retirement benefits 6,454 6,215」
The liability related to retirement benefits decreased by ¥239 million, from ¥6,454 million at the end of the previous consolidated fiscal year to ¥6,215 million at the end of the first quarter of the current fiscal year. - FY2018-Q3Decrease in retirement benefit liabilityAnnual report
「The main factors behind the change in liabilities were an increase of ¥4,624 million in trade and other payables, a decrease of ¥1,605 million in the liability related to retirement benefits, and an increase of ¥1,110 million in other current liabilities.」
The liability related to retirement benefits decreased by ¥1,605 million, from ¥6,954 million at the end of the previous consolidated fiscal year to ¥5,348 million at the end of the third quarter of the current fiscal year. The text does not describe the relationship with plan assets or the elimination of underfunding. - FY2017WorsenedAnnual report
「As of the end of the fiscal year ended March 2017, the balance of the defined benefit obligation was ¥23,620 million. … As of the end of the fiscal year ended March 2017, the fair value of plan assets was ¥16,665 million.」
The defined benefit obligation was ¥23,620 million and plan assets were ¥16,665 million, widening the difference to ¥6,955 million. - FY2016First statedAnnual report
「As of the end of the fiscal year ended March 2016, the balance of the retirement benefit obligation was ¥20,835 million. … The fair value of pension assets was ¥15,488 million.」
The balances of the retirement benefit obligation and pension assets are shown, with an increase in underfunding due to deteriorating market conditions and lower discount rates identified as a potential risk.