Reduction in benefit costs through amendment of the defined benefit corporate pension plan
First written in FY2017. 3 of 7 entries say "Cited as achieved", first in FY2018-Q1. Latest entry: FY2022.
0 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「A portion of the defined benefit corporate pension plan was transferred to a defined contribution plan and a retirement lump-sum plan. As a result, the defined benefit obligation and plan assets decreased by ¥1,732 million and ¥519 million, respectively, while ¥204 million in accounts payable to employees and ¥1,149 million in long-term accounts payable were recorded.」
A portion of the defined benefit pension plan was transferred to a defined contribution plan and a retirement lump-sum plan, resulting in reductions in the plan obligation and plan assets and the recognition of long-term accounts payable and other liabilities. - FY2021AdvancedAnnual report
「From April 2021 onward, a fixed amount will be transferred to the defined contribution plan each fiscal year, with the entire plan to be transferred to the defined contribution plan over 8 years.」
A portion of the defined benefit corporate pension plan was transferred to a defined contribution plan, with a plan to transfer a fixed amount each fiscal year from April 2021 onward and complete the full transfer over 8 years. - FY2019-Q1Cited as achievedAnnual report
「Operating cash flow remained negative in the cumulative first-quarter period, mainly due to the payment of approximately ¥500 million to settle cartel litigation involving optical disc drives, primarily in the United States, and approximately ¥400 million in contributions associated with the partial transfer of the corporate pension plan to a defined contribution plan.」
The partial transfer of the defined benefit plan implemented in the previous fiscal year was cited as a factor behind the cash outflow in the quarter, involving approximately ¥400 million in contributions. - FY2018AdvancedAnnual report
「A portion of the defined benefit plan was transferred to a defined contribution plan. The resulting ¥129 million gain was recorded as an individually disclosed item.」
An amount equivalent to 16.5% of the defined benefit plan relating to current employees was transferred to a defined contribution plan, and a ¥129 million gain was recorded. - FY2018-Q3Cited as achievedAnnual report
「In addition to the pension plan changes implemented in the previous fiscal year, we worked to lower the break-even point this fiscal year by reducing fixed costs through voluntary early retirements.」
The pension plan changes implemented in the previous fiscal year were cited again as part of measures to lower the break-even point, together with this fiscal year's fixed-cost reductions through voluntary early retirements. - FY2018-Q1Cited as achievedAnnual report
「In addition to the pension plan changes implemented in the previous fiscal year, we are working to lower the break-even point this fiscal year by reducing fixed costs through voluntary early retirements.」
The pension plan changes implemented in the previous fiscal year were cited as part of measures to lower the break-even point, together with fixed-cost reductions through voluntary early retirements. - FY2017First statedAnnual report
「The defined benefit corporate pension plan was amended for beneficiaries, deferred beneficiaries and current employees. The amendments included reductions in benefits payable during the lifetime period after the end of the guarantee period. The ¥853 million in past service costs and settlement gains and losses arising from the amendments was recorded as an individually disclosed item.」
Implemented amendments involving reductions in pension benefits and other changes, and recorded a ¥853 million gain as an individually disclosed item.