Deterioration in the Environment for Retirement Benefit Obligations and Pension Asset Management
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 2 of 16 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Quarterly net income attributable to owners of the parent was ¥738 million, down 62.7% year on year, due to the extraordinary loss associated with the UK subsidiary's pension buyout recognized in the second quarter, as well as the reversal of deferred tax assets and other factors.」
The impact of the extraordinary loss associated with the UK subsidiary's pension buyout continued into the cumulative third-quarter period, and retirement benefit expenses of ¥959 million were recognized. - FY2024-Q2MaterialisedAnnual report
「Quarterly net income attributable to owners of the parent was ¥52 million, down 95.8% year on year, due to the recognition of an extraordinary loss of ¥929 million associated with the pension buyout at the UK subsidiary.」
An extraordinary loss of ¥929 million associated with the buyout of the UK subsidiary's defined benefit pension plan was actually recognized, reducing quarterly net income attributable to owners of the parent. - FY2024-Q1Decision to proceed with the buyoutAnnual report
「The Company decided to execute a buyout of the defined benefit pension plan of its UK consolidated subsidiary, Tamura Pension UK Limited. If the buyout is executed, the Company currently expects to record an extraordinary loss of approximately ¥1.1 billion in its consolidated financial statements.」
The decision to execute a buyout of the defined benefit pension plan of the UK subsidiary, and the expected extraordinary loss of approximately ¥1.1 billion upon execution, were disclosed. - FY2018RestatedAnnual report
「The Group's operating performance and financial condition may be adversely affected by the possible need to reassess the assumptions underlying calculations for retirement benefit plans and retirement benefit obligations, including the discount rate and long-term expected rate of return on plan assets, as well as by deterioration in the investment environment for pension assets.」
The risks of changes in assumptions used to calculate retirement benefit obligations and deterioration in the investment environment for pension assets continue to be disclosed. - FY2017First statedAnnual report
「The Group's operating performance and financial condition may be adversely affected by the possible need to reassess the assumptions underlying calculations for retirement benefit plans and retirement benefit obligations, including the discount rate and long-term expected rate of return on plan assets, as well as by deterioration in the investment environment for pension assets.」
Changes in assumptions such as the discount rate and long-term expected rate of return, and deterioration in the investment environment for pension assets, were identified as risks affecting retirement benefit obligations and operating performance.