Transition to a Defined-Contribution Pension Plan
First written in FY2016. 1 of 2 entries say "Achieved", first in FY2017-Q1. Latest entry: FY2017-Q1.
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- FY2017-Q1AchievedAnnual report
「Effective 1 April 2016, the Group transferred its retirement lump-sum benefit plan and defined benefit corporate pension plan to a defined contribution pension plan. For the accounting treatment associated with the transfer, the portion transferred to the defined contribution pension plan was treated as a partial settlement of the retirement benefit plan. As a result, extraordinary income of ¥272 million was recorded for the current consolidated fiscal year.」
The planned transfer from the retirement lump-sum benefit plan and defined benefit pension plan to the defined contribution pension plan for FY2016 was implemented effective 1 April 2016, and extraordinary income of ¥272 million was recorded. - FY2016First statedAnnual report
「Effective 1 April 2016, the Group discontinued its existing retirement lump-sum benefit plan and defined benefit pension plan and transferred to a new defined contribution pension plan.」
The plans were transferred effective 1 April 2016, and the transfer-related gain was expected to be recorded as extraordinary income in the first quarter of the fiscal year ending March 2017.