Increase in expenses related to retirement benefit obligations at the Korean subsidiary
First written in FY2019. 6 of 7 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「The Company was also affected by a ¥529 million decrease in retirement benefit expenses in Korea resulting from the actuarial impact on retirement benefit obligations, compared with additional expenses of ¥811 million in the previous fiscal year.」
Retirement benefit expenses in Korea changed from an additional expense of ¥811 million in the previous fiscal year to a ¥529 million factor reducing expenses in the current fiscal year. - 2026-05-18MitigatedRevision to earnings forecast
「主に韓国子会社における退職給付債務の数理計算上の影響による退職給付費用の減少 529 百万円の影響等により、営業利益は前回予想を上回る結果となりました。」
韓国子会社の退職給付費用は数理計算上の影響により529百万円減少し、営業利益の押し上げ要因として記載された。 - FY2025MitigatedAnnual report
「The Company was also affected by the additional retirement benefit expenses of ¥811 million arising in Korea from the actuarial impact on retirement benefit obligations, down 26.5% year on year.」
Additional retirement benefit expenses in Korea continued, but amounted to ¥811 million, down 26.5% from the previous fiscal year. This was described as one of the factors contributing to higher operating profit. - FY2023MitigatedAnnual report
「Retirement benefit expenses related to defined benefit plans」
Retirement benefit expenses decreased due to actuarial differences and other factors reflecting interest-rate conditions in South Korea, and this was described as a factor contributing to higher operating profit. - FY2022MitigatedAnnual report
「Operating profit was ¥1,148 million, compared with an operating loss of ¥83 million in the previous fiscal year. This was mainly due to increased sales, efforts to improve efficiency by reducing fixed costs and reviewing the production structure, and a decrease in retirement benefit expenses resulting from actuarial differences in retirement benefit obligations in Korea.」
The increase in expenses related to retirement benefit obligations at the Korean subsidiary continued to be described as a factor improving profit, as retirement benefit expenses decreased due to actuarial differences. - FY2020MitigatedAnnual report
「As a result of increased sales of parts for new vehicles, such as electric water pumps and constant-velocity joints, efforts to reduce costs, and a decline in the actuarial impact on retirement benefit obligations, among other factors」
The actuarial impact on retirement benefit obligations at the Korean subsidiary was described as a factor reducing profit in the current fiscal year, compared with a factor depressing profit in the previous fiscal year. - FY2019MaterialisedAnnual report
「The Company was also affected by an increase in retirement benefit expenses resulting from the actuarial impact on retirement benefit obligations at its Korean subsidiary.」
It was stated that the actuarial impact on retirement benefit obligations at the Korean subsidiary actually arose as a factor reducing full-year profit.