Uncertainty Regarding Costs and the Impact on Financial Performance from the Special Dissolution of the Employees’ Pension Fund
First written in FY2017-Q1. 11 of 16 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 1 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「Accordingly, we reversed the ¥48.140 million provision for loss on dissolution of the employees' pension fund recorded in the fiscal year ended January 2018 and recorded the ¥12.028 million difference from the final amount in extraordinary income.」
As the liquidation procedures for the employees' pension fund progressed, the previously recorded ¥48.140 million provision was reversed and the ¥12.028 million difference was recorded as a reversal gain. - FY2020-Q3RestatedAnnual report
「Quarterly net income was ¥205 million, down 0.3% year on year, as a ¥12 million reversal of the provision for loss on dissolution of the employees' pension fund was recorded in extraordinary income.」
The note continues to state that there is no remaining balance in the provision for loss on dissolution of the employees' pension fund and that a ¥12 million reversal was recorded in extraordinary income. - FY2020-Q2MitigatedAnnual report
「Quarterly net income was ¥119 million, down ¥30 million year on year, or 20.5%, after ¥12 million was recorded as a reversal of the provision for loss on dissolution of the employees' pension fund in extraordinary income.」
The provision for loss on dissolution of the employees' pension fund, which stood at ¥48.140 million at the end of the previous fiscal year, was reduced to zero on the balance sheet, and a ¥12 million reversal was recorded in extraordinary income. - FY2020-Q1RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund 48,140」
A provision of ¥48.140 million for losses on dissolution of the employees' pension fund continues to be recorded under non-current liabilities. - FY2019RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund 48,140」
A provision of ¥48.140 million for losses associated with the dissolution of the employees' pension fund continues to be recorded. - FY2019-Q3RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund 48,140」
A provision of ¥48.140 million for losses associated with the dissolution of the employees' pension fund continues to be recorded under non-current liabilities. - FY2019-Q2RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund 48,140」
A provision of ¥48.140 million for losses associated with the dissolution of the employees' pension fund continues to be recorded under non-current liabilities. - FY2019-Q1RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund 48,140」
A provision of ¥48.140 million for losses associated with the dissolution of the employees' pension fund continues to be recorded under non-current liabilities. - FY2018MaterialisedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 22 June 2017 to apply for approval of special dissolution, and the dissolution of the fund was approved by the Minister of Health, Labour and Welfare on 20 September 2017. Accordingly, during the fiscal year, we recorded ¥48.140 million as the provision for the expected loss on dissolution of the employees' pension fund in extraordinary losses on the income statement, and ¥48.140 million as the provision for the expected loss on dissolution of the employees' pension fund under non-current liabilities on the balance sheet.」
The previously uncertain dissolution of the fund was approved on 20 September 2017, and a provision of ¥48.140 million for the expected loss has been recorded. - FY2018-Q3RestatedAnnual report
「Accordingly, during the cumulative third quarter, we recorded ¥48 million as the provision for the expected loss on dissolution of the employees' pension fund in extraordinary losses on the quarterly income statement, and ¥48 million as the provision for the expected loss on dissolution of the employees' pension fund under non-current liabilities on the quarterly balance sheet.」
As in the previous quarter, an expected loss of ¥48 million associated with the special dissolution of the employees' pension fund has been recorded as a provision. - FY2018-Q2MaterialisedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 22 June 2017 to apply for approval of special dissolution. Accordingly, during the cumulative second quarter, we recorded ¥48 million as the provision for the expected loss on dissolution of the employees' pension fund in extraordinary losses on the quarterly income statement, and ¥48 million as the provision for the expected loss on dissolution of the employees' pension fund under non-current liabilities on the quarterly balance sheet.」
Previously, the costs of dissolution and their impact on earnings were considered impossible to estimate reasonably. Following the resolution to apply for approval of special dissolution, an expected loss of ¥48 million has been recorded as a provision. - FY2018-Q1RestatedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 20 February 2014 to pursue special dissolution. Costs are expected to arise in connection with the fund's dissolution. However, there are many uncertain factors at present, and the amount of the costs and their impact on earnings cannot be reasonably estimated.」
The note continues to describe the policy of special dissolution of the employees' pension fund, the expected costs and the inability to estimate the amount of the costs and their impact on earnings. - FY2017RestatedAnnual report
「The fund plans to apply for approval of its special dissolution around September 2017. Costs are expected to arise in connection with the fund's dissolution, but there are many uncertain factors at present and the amount of the costs cannot be reasonably estimated.」
The note continues to describe the policy of special dissolution and the expected costs, stating that an application for approval is planned around September 2017 while the amount of the costs remains impossible to estimate. - FY2017-Q3RestatedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 20 February 2014 to pursue special dissolution. Costs are expected to arise in connection with the fund's dissolution. However, there are many uncertain factors at present, and the amount of the costs and their impact on earnings cannot be reasonably estimated.」
The note continues to describe the policy of special dissolution of the employees' pension fund, the expected costs and the inability to estimate the amount of the costs and their impact on earnings. - FY2017-Q2RestatedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 20 February 2014 to pursue special dissolution. Costs are expected to arise in connection with the fund's dissolution. However, there are many uncertain factors at present, and the amount of the costs and their impact on earnings cannot be reasonably estimated.」
The note continues to describe the policy of special dissolution of the employees' pension fund, the expected costs and the inability to estimate the amount of the costs and their impact on earnings. - FY2017-Q1First statedAnnual report
「The Kyoto Machinery and Metal Employees' Pension Fund, a general-type fund in which our company participates, resolved at its representatives' meeting held on 20 February 2014 to pursue special dissolution. Costs are expected to arise in connection with the fund's dissolution. However, there are many uncertain factors at present, and the amount of the costs and their impact on earnings cannot be reasonably estimated.」
While expecting costs to arise based on the policy of special dissolution, the note states that their amount and impact on earnings cannot be reasonably estimated.