Revisions to Retirement Benefit Plans and Partial Transition to Defined Contribution Pension Plans
First written in FY2018-Q3. 2 of 5 entries say "Restated". Latest entry: FY2019.
2 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「As this employees' pension fund was dissolved on 31 March 2018 with the approval of the Minister of Health, Labour and Welfare, the Company transitioned to a defined-contribution corporate pension plan effective 1 April 2018. In addition, the Company and certain consolidated subsidiaries changed their retirement allowance plans from a final-salary proportional formula to a points-based system effective 1 April 2018, and transferred part of their retirement lump-sum plans to defined-contribution corporate pension plans.」
The planned dissolution of the employees' pension fund, transition to defined-contribution pensions and transition of the retirement allowance plan to a points-based system were implemented. - FY2019-Q3RestatedAnnual report
「Operating profit increased to ¥1.020 billion, up 476.8% year on year, due to lower retirement benefit costs associated with the dissolution of the Employees' Pension Fund and the transition to a defined contribution corporate pension plan.」
The reduction in retirement benefit expenses resulting from the transition to a defined-contribution pension plan continued to be confirmed on a cumulative basis through the third quarter. - FY2019-Q2RestatedAnnual report
「Operating profit increased to ¥391 million, up 51.3% year on year, due to lower retirement benefit costs associated with the dissolution of the Employees' Pension Fund and the transition to a defined contribution corporate pension plan.」
The reduction in retirement benefit expenses resulting from the transition to a defined-contribution pension plan has also been confirmed on a cumulative basis for the current quarter. - FY2019-Q1AdvancedAnnual report
「Japan: Revenue was ¥8,501 million, essentially unchanged from the same period of the previous year, up 2.0% year on year. Operating income increased to ¥372 million, up 52.1% year on year, due to lower retirement benefit expenses associated with the dissolution of the Employees' Pension Fund and the transition to a defined contribution corporate pension plan.」
The planned transition of the plans from 1 April 2018 was confirmed to have reduced retirement benefit expenses in actual results. - FY2018-Q3First statedAnnual report
「Effective 1 April 2018, the Company plans to revise its defined-benefit corporate pension plan and retirement lump-sum plan, and to transfer part of the retirement lump-sum plan to a defined-contribution pension plan (revision date: January 2018). The amount of the resulting impact is currently being calculated.」
The Company newly indicated plans to revise its corporate pension and retirement lump-sum plans and partially transfer the retirement lump-sum plan to a defined-contribution pension plan from 1 April 2018. The financial impact is being calculated.