Changes in Retirement Benefit Obligations Due to Discount Rates and Pension Investment Performance
First written in FY2016. 9 of 10 entries say "Mitigated", first in FY2017. Latest entry: FY2021.
The whole theme swung hardest in 2020: 7 of 49 companies on the "Worse" side.
20 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「The main changes were a ¥567 million increase in trade and other payables, a ¥1,149 million increase in long-term accrued expenses due to the transfer to a retirement lump-sum benefit plan associated with the corporate pension plan amendment, and a ¥1,974 million decrease in liabilities related to retirement benefits.」
Liabilities related to retirement benefits decreased by ¥1,974 million due to the pension plan amendment and transfer, falling from ¥1,989 million at the end of the previous fiscal year to ¥15 million. - FY2021-Q3MitigatedAnnual report
「¥684 million decrease in liabilities related to retirement benefits」
Liabilities related to retirement benefits decreased by ¥684 million from the end of the previous consolidated fiscal year, and the reduction in the burden following the pension plan amendment and transition continued. - FY2021-Q2MitigatedAnnual report
「¥163 million decrease in liabilities related to retirement benefits」
Liabilities related to retirement benefits decreased by ¥163 million from the end of the previous consolidated fiscal year, and the reduction in the burden following the pension plan amendment and transition continued. - FY2021-Q1MitigatedAnnual report
「¥95 million decrease in liabilities related to retirement benefits」
Liabilities related to retirement benefits decreased by ¥95 million from the end of the previous consolidated fiscal year, and the reduction in the burden following the pension plan amendment and transition continued. - FY2020MitigatedAnnual report
「¥596 million decrease in liabilities related to retirement benefits」
Liabilities related to retirement benefits decreased by ¥596 million from the end of the previous consolidated fiscal year, and the reduction in the burden following the plan amendment and transition continued to be reflected in the annual results. - FY2020-Q2MitigatedAnnual report
「¥190 million decrease in liabilities related to retirement benefits」
Liabilities related to retirement benefits decreased by ¥190 million from the end of the previous consolidated fiscal year. - FY2019-Q2MitigatedAnnual report
「The main changes were an ¥288 million increase in borrowings and other debt, a ¥28 million decrease in trade and other payables, and a ¥619 million decrease in liabilities related to retirement benefits.」
Liabilities related to retirement benefits decreased by ¥619 million, reflecting the reduction in the burden following the pension plan amendment and transition. - FY2018MitigatedAnnual report
「¥756 million decrease in liabilities related to retirement benefits due to the corporate pension plan amendment」
Liabilities related to retirement benefits decreased by ¥756 million as a result of the corporate pension plan amendment, and the effect of the burden-reduction measures implemented in the previous fiscal year was reflected in the financial position. - FY2017MitigatedAnnual report
「The defined-benefit corporate pension plan was amended for beneficiaries, deferred beneficiaries and current employees. The plan amendment involved, among other changes, reducing benefits payable during the lifetime period after the guarantee period had ended.」
Following the pension plan amendment and reduction in benefits, liabilities related to retirement benefits decreased by ¥1,291 million. - FY2016WorsenedAnnual report
「In particular, a decline in discount rates resulting from lower interest rates and deterioration in investment returns could adversely affect the Group's operating results and financial position.」
During the period, liabilities related to retirement benefits increased by ¥285 million owing to a decline in the discount rate and deterioration in pension asset investment performance, and a remeasurement of the defined benefit plan of negative ¥694 million was recorded.