Increase in Retirement Benefit Expenses and Fixed Costs Due to Lower Market Interest Rates
First written in FY2017-Q2. 5 of 9 entries say "Restated". Latest entry: FY2019.
24 other companies' latest entry also says "Mitigated".
- FY2019MitigatedAnnual report
「Japan revenue increased to ¥35,515 million, up 0.6% year on year. Operating profit increased to ¥1,299 million, up 439.6% 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.」
Retirement benefit costs declined following the dissolution of the Employees' Pension Fund and the transition to a defined contribution pension plan, easing the pressure on profit from market interest rates and retirement benefit costs in the actual results. - 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 decline in retirement benefit costs associated with the dissolution of the Employees' Pension Fund and the transition to a defined contribution pension plan continued to be cited as a factor improving profit in the Japan business. - 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 decline in retirement benefit costs associated with the dissolution of the Employees' Pension Fund and the transition to a defined contribution pension plan continued to support profit in the Japan business. - FY2019-Q1MitigatedAnnual report
「Operating profit increased to ¥372 million, up 52.1% 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.」
Retirement benefit costs declined following the dissolution of the Employees' Pension Fund and the transition to a defined contribution pension plan, easing the pressure on profit from retirement benefit costs in the Japan business during the quarter. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No specific changes were disclosed regarding risks related to market interest rates or retirement benefits, and the company stated that there were no significant changes to its overall business risks. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No specific changes were disclosed regarding risks related to market interest rates or retirement benefits, and the company stated that there were no significant changes to its overall business risks. - FY2017RestatedAnnual report
「The retirement benefit obligations of the Group are calculated based on assumptions such as the discount rate and expected rate of return on pension assets used in actuarial calculations. They may be revised based on actual results, and actuarial differences may arise due to factors including a deterioration in the investment environment for pension assets. Declines in these discount rates and long-term expected rates of return on investments, as well as deterioration in the investment environment, may adversely affect the Group's business results and financial condition.」
The full-year risk disclosures also confirm the risk that lower discount rates and expected rates of return on investments, and a deterioration in the investment environment for pension assets, could affect business results and financial condition through retirement benefit obligations. - FY2017-Q3SoftenedAnnual report
「Revenue in the Japan business was ¥26,157 million, down 0.8% year on year and roughly in line with the previous year. Operating profit was ¥1,370 million, up 9.9% year on year, due mainly to lower depreciation and amortization expenses.」
The increase in retirement benefit costs and fixed costs due to lower market interest rates, noted in the previous quarter, was not mentioned in the explanation of the Japan business for the current quarter, while lower depreciation and amortisation was cited as a factor supporting higher profit. - FY2017-Q2First statedAnnual report
「Operating profit declined to ¥664 million, down 32.7% year on year, mainly due to lower revenue and higher fixed costs, including higher actuarial retirement benefit costs resulting from lower market interest rates.」
Higher actuarial retirement benefit costs and fixed costs due to lower market interest rates pushed down operating profit in the Japan segment.