Transition of Retirement Benefit Plans
First written in FY2017-Q2. 4 of 13 entries say "Advanced", first in FY2020. Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Increase in special retirement payments and additional voluntary retirement programAnnual report
「The Company recorded ¥345 million in special retirement payments at its consolidated subsidiary PT Sanken Indonesia, ¥2.071 billion in enhanced retirement payments associated with the recruitment of voluntary retirees, outplacement support payments for applicants and other costs at its consolidated subsidiary Ishikawa Sanken Co., Ltd., and ¥29 million in special retirement payments at its consolidated subsidiary Taiwan Sanken Electric Co., Ltd.」
The Company recorded total special retirement payments of ¥2.446 billion. In addition, as a subsequent event, Yamagata Sanken resolved to solicit approximately 65 voluntary retirees aged 45 or older and expects to incur approximately ¥700 million in extraordinary losses. - FY2026-H1Voluntary retirement program and special retirement payments recordedAnnual report
「The Company recorded ¥335 million in special retirement payments at its consolidated subsidiary PT Sanken Indonesia, and ¥2.073 billion in special retirement payments at its consolidated subsidiary Ishikawa Sanken Co., Ltd., comprising enhanced retirement payments associated with the recruitment of voluntary retirees, outplacement support payments for applicants and other costs.」
In addition to ¥335 million in special retirement payments at the Indonesian subsidiary, the Company recorded ¥2.073 billion in enhanced retirement payments and other costs associated with voluntary retirement at Ishikawa Sanken. - FY2025Restructuring-related costs recorded at Indonesian subsidiaryAnnual report
「In the previous consolidated fiscal year, the Company recorded a loss on liquidation of affiliated companies following a resolution to dissolve and liquidate its consolidated subsidiary PT Sanken Indonesia. During the current consolidated fiscal year, additional costs arose for special retirement payments (¥550 million) and an inventory valuation loss (¥332 million), and were recorded as a loss on liquidation of affiliated companies.」
The Company recorded additional costs of ¥550 million in special retirement payments and ¥332 million in inventory valuation losses in connection with the restructuring of PT Sanken Indonesia. - FY2024-Q3Special retirement payments recordedAnnual report
「Special retirement payments — ※2 968」
The Company recorded ¥968 million in special retirement payments at Allegro MicroSystems, Inc. - FY2023Special retirement payments recordedAnnual report
「During the consolidated fiscal year, the Company recorded ¥458 million in special retirement payments as an extraordinary loss under “special retirement payments.”」
The Company recorded ¥458 million in special retirement payments again this fiscal year in connection with retirement benefit plans and workforce measures. - FY2021AdvancedAnnual report
「During the consolidated fiscal year, the Company recorded ¥177 million in special retirement payments at its consolidated subsidiary Ishikawa Sanken Co., Ltd., ¥542 million at Korea Sanken Co., Ltd., and ¥325 million at PT Sanken Indonesia.」
The termination of retirement benefit plans and workforce measures continued, with a total of ¥1.044 billion in special retirement payments recorded at subsidiaries in Ishikawa, Korea and Indonesia. - FY2021-Q3Special retirement payments and losses on termination of retirement benefit plan recordedAnnual report
「Special retirement payments 293 ※2 935 Loss on termination of retirement benefit plan — 84」
The Company recorded ¥935 million in special retirement payments at PT Sanken Indonesia and Korea Sanken, and ¥84 million in losses on termination of the retirement benefit plan. - FY2021-Q2AdvancedAnnual report
「In terms of final earnings, ¥842 million in special retirement payments associated with structural reforms and ¥85 million in losses on termination of the retirement benefit plan」
The Company recorded ¥842 million in special retirement payments at its Indonesian subsidiary and Korea Sanken, and ¥85 million in losses on termination of the retirement benefit plan, resulting in costs associated with the termination of the plan and workforce measures. - FY2021-Q1AdvancedAnnual report
「Special retirement payments — 304 Loss on termination of retirement benefit plan — 85」
The Company recorded ¥85 million in losses on termination of the retirement benefit plan and ¥304 million in special retirement payments, resulting in costs associated with the termination of the plan and workforce measures. - FY2020AdvancedAnnual report
「The Company and its domestic consolidated subsidiaries maintain corporate pension and retirement lump-sum plans as defined-benefit plans, and defined-contribution plans and retirement allowance advance-payment plans as defined-contribution plans.」
In addition to the existing plan structure, ¥193 million in costs related to the termination of the retirement benefit plan at Kashima Sanken was recorded, marking progress in the transition and termination of plans. - FY2019RestatedAnnual report
「The Company and its domestic consolidated subsidiaries maintain corporate pension and retirement lump-sum plans as defined-benefit plans, and defined-contribution plans and retirement allowance advance-payment plans as defined-contribution plans.」
The composition of retirement benefit plans combining defined-benefit, defined-contribution and retirement allowance advance-payment plans is reconfirmed. - FY2017-Q3RestatedAnnual report
「From 1 October 2016, certain domestic consolidated subsidiaries transitioned to cash-balance-type plans as defined-benefit corporate pension plans, while partially transitioning from their existing corporate pension and retirement lump-sum plans to defined-contribution plans and a retirement allowance advance-payment plan. As a result, liabilities related to retirement benefits decreased by ¥302 million and accumulated other comprehensive income increased by ¥302 million during the nine-month period ended 31 December 2016.」
The transition of retirement benefit plans at certain domestic consolidated subsidiaries, together with the resulting ¥302 million decrease in liabilities and increase in accumulated other comprehensive income, is reiterated. - FY2017-Q2First statedAnnual report
「From 1 October 2016, certain domestic consolidated subsidiaries transitioned to cash-balance-type plans as defined-benefit corporate pension plans, while partially transitioning from their existing corporate pension and retirement lump-sum plans to defined-contribution plans and a retirement allowance advance-payment plan. As a result, liabilities related to retirement benefits decreased by ¥302 million and accumulated other comprehensive income increased by ¥302 million during the six-month period ended 30 September 2016.」
Certain domestic consolidated subsidiaries transitioned their retirement benefit plans to multiple plans from 1 October 2016, resulting in a ¥302 million change in liabilities related to retirement benefits and accumulated other comprehensive income.