Losses Associated with the Dissolution of Employees' Pension Funds
First written in FY2018-Q2. 4 of 14 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2021AchievedAnnual report
「As the National Electronics and Information Technology Industries Employees’ Pension Fund proceeded with its liquidation, the fund’s liquidation office notified the company during the consolidated fiscal year that the amount of residual assets had been determined. Accordingly, the ¥503 million provision for loss on dissolution of the employees’ pension fund included in non-current liabilities was reversed, and the difference of ¥164 million from the determined amount was recorded as extraordinary income under reversal of provision for loss on dissolution of employees’ pension fund.」
The amount of the fund’s residual assets was determined, and the ¥503 million provision for loss on dissolution was fully reversed. The provision balance associated with the dissolution was reduced to zero. - FY2021-Q3RestatedAnnual report
「As the National Electronics and Information Technology Industries Employees’ Pension Fund proceeded with its liquidation, the fund’s liquidation office notified the company during the first three quarters of the consolidated fiscal year that the amount of residual assets had been determined. Accordingly, the ¥503 million provision for loss on dissolution of the employees’ pension fund included in non-current liabilities was reversed, and the difference of ¥164 million from the determined amount was recorded as extraordinary income under reversal of provision for loss on dissolution of employees’ pension fund.」
The determination of the fund’s residual assets, reversal of the ¥503 million provision for loss on dissolution, and recognition of the ¥164 million difference as reversal income continue to be confirmed. - FY2021-Q2RestatedAnnual report
「Non-current liabilities decreased by ¥500 million from the end of the previous consolidated fiscal year, mainly because the ¥503 million provision for loss on dissolution of the employees’ pension fund decreased. The ¥503 million provision for loss on dissolution of the employees’ pension fund was reversed, and the difference of ¥164 million from the determined amount was recorded as extraordinary income under reversal of provision for loss on dissolution of employees’ pension fund.」
The reversal of the ¥503 million provision for loss on dissolution of the employees’ pension fund and recognition of the ¥164 million difference as reversal income continue to be confirmed. - FY2021-Q1MitigatedAnnual report
「As the National Electronics and Information Technology Industries Employees’ Pension Fund proceeded with its liquidation, the fund’s liquidation office notified the company during the first quarter of the consolidated fiscal year that the amount of residual assets had been determined. Accordingly, the ¥503 million provision for loss on dissolution of the employees’ pension fund included in non-current liabilities was reversed, and the difference of ¥164 million from the determined amount was recorded as extraordinary income under reversal of provision for loss on dissolution of employees’ pension fund.」
The amount of the fund’s residual assets was determined, and the ¥503 million provision for loss on dissolution was fully reversed. The difference of ¥164 million was recorded as extraordinary income, eliminating the provision burden associated with the dissolution. - FY2020Further decrease in the provision for loss on dissolution of the employees’ pension fundAnnual report
「Provision for loss on dissolution of employees’ pension fund 519 503」
The period-end balance of the provision for loss on dissolution of the employees’ pension fund decreased from ¥519 million to ¥503 million. - FY2020-Q3Further decrease in the provision for loss on dissolution of the employees’ pension fundAnnual report
「Provision for loss on dissolution of employees’ pension fund 519 508」
The balance of the provision for loss on dissolution of the employees’ pension fund decreased from ¥519 million at the end of the previous consolidated fiscal year to ¥508 million at the end of the third quarter. - FY2020-Q2Further decrease in the provision for loss on dissolution of the employees’ pension fundAnnual report
「Provision for loss on dissolution of employees’ pension fund 519 511」
The balance of the provision for loss on dissolution of the employees’ pension fund decreased from ¥519 million at the end of the previous consolidated fiscal year to ¥511 million at the end of the second quarter. - FY2020-Q1Further decrease in the provision for loss on dissolution of the employees’ pension fundAnnual report
「Provision for loss on dissolution of employees’ pension fund 519 515」
The balance of the provision for loss on dissolution of the employees’ pension fund decreased from ¥519 million at the end of the previous consolidated fiscal year to ¥515 million at the end of the first quarter. - FY2019-Q3Provision balance declined slightly furtherAnnual report
「Provision for loss on dissolution of employees' pension fund ¥529 million ¥522 million」
The balance of the provision for loss on dissolution of the employees' pension fund declined from ¥529 million at the end of the previous consolidated fiscal year to ¥522 million. - FY2019-Q2Provision balance for loss on dissolution of employees' pension fund declined slightlyAnnual report
「Provision for loss on dissolution of employees' pension fund ¥529 million ¥525 million」
The balance of the provision for loss on dissolution of the employees' pension fund declined slightly from ¥529 million at the end of the previous consolidated fiscal year to ¥525 million. - FY2019-Q1Provision balance for loss on dissolution of employees' pension fund declined slightlyAnnual report
「Provision for loss on dissolution of employees' pension fund ¥529 million ¥526 million」
The balance of the provision for loss on dissolution of the employees' pension fund declined from ¥529 million at the end of the previous consolidated fiscal year to ¥526 million. - FY2018RestatedAnnual report
「The provision for loss on dissolution of the employees' pension fund increased by ¥529 million」
Of the estimated loss associated with the dissolution of the employees' pension fund, ¥534 million was charged during the current fiscal year, resulting in an ending provision balance of ¥529 million. - FY2018-Q3RestatedAnnual report
「Provision for loss on dissolution of employees' pension fund - ¥532 million」
A provision for loss on dissolution of the employees' pension fund of ¥532 million was recorded for the estimated loss associated with the fund's planned dissolution. - FY2018-Q2First statedAnnual report
「A policy resolution was adopted during the first-quarter consolidated accounting period to apply for authorization to dissolve 全国電子情報技術産業厚生年金基金, in which the Company participates, and the estimated loss arising from the dissolution was recorded.」
Following the policy to apply for authorization to dissolve the employees' pension fund, a provision of ¥534 million was recognized for the estimated loss associated with the dissolution. This was the recognition of the estimated future loss associated with the dissolution, not a statement that the entire loss had actually been incurred.