Transition from Defined Benefit Plans to Defined Contribution Pension Plans
First written in FY2018-Q2. 3 of 6 entries say "Restated". Latest entry: FY2021.
12 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「The amount of assets to be transferred to the defined contribution plan was ¥593.579 million, and the transfer is scheduled to take place over 4 years. The ¥129.192 million not yet transferred as of the end of the current fiscal year is recorded under accounts payable.」
The company continues to implement the plan to transfer assets to the defined contribution plan, with the amount not yet transferred declining from ¥268.460 million in the previous fiscal year to ¥129.192 million. - FY2020AdvancedAnnual report
「The amount of assets to be transferred to the defined contribution plan was ¥593.579 million, and the transfer is scheduled to take place over 4 years. The ¥268.460 million not yet transferred as of the end of the current fiscal year is recorded under accounts payable, comprising accounts payable under current liabilities and long-term accounts payable under non-current liabilities.」
Regarding the transfer of assets to the defined contribution plan, the company discloses the ¥268.460 million not yet transferred at the end of the current fiscal year under a plan to transfer a total of ¥593.579 million over 4 years. - FY2019RestatedAnnual report
「We have adopted a defined contribution plan to fund employee retirement benefits. In September 2017, we transitioned from a defined benefit plan to a defined contribution plan.」
The company continues to operate the plan following the transition from a defined benefit plan to a defined contribution plan, and continues to disclose the plan to transfer ¥593.579 million in assets over 4 years. - FY2018RestatedAnnual report
「Effective 1 September 2017, we discontinued our defined benefit plan and transitioned to a defined contribution pension plan. In connection with the transition, we recorded a loss on termination of the retirement benefit plan of ¥58.170 million as an extraordinary loss for the current fiscal year. The amount of assets to be transferred to the defined contribution pension plan was ¥593.579 million, and the transfer is scheduled to take place over 4 years.」
The company confirms the transition from a defined benefit plan to a defined contribution pension plan, and discloses a ¥58.170 million loss on termination of the plan and a plan to transfer ¥593.579 million in assets over 4 years. - FY2018-Q3RestatedAnnual report
「Effective 1 September 2017, we discontinued our defined benefit plan and transitioned to a defined contribution pension plan. In connection with this transition, we applied the Accounting Treatment for Transfers, etc. between Retirement Benefit Plans and the Practical Solution on Accounting Treatment for Transfers, etc. between Retirement Benefit Plans. In connection with the transition, we recorded a loss on termination of the retirement benefit plan of ¥58.170 million as an extraordinary loss for the nine-month period ended in the third quarter of the current fiscal year.」
The company continues to disclose the transition from a defined benefit plan to a defined contribution pension plan effective 1 September 2017, and reports a ¥58.170 million loss on termination of the retirement benefit plan for the nine-month period ended in the third quarter of the current fiscal year. - FY2018-Q2First statedAnnual report
「Effective 1 September 2017, we discontinued our defined benefit plan and transitioned to a defined contribution pension plan. In connection with this transition, we applied the Accounting Treatment for Transfers, etc. between Retirement Benefit Plans and the Practical Solution on Accounting Treatment for Transfers, etc. between Retirement Benefit Plans. In connection with the transition, we recorded a loss on termination of the retirement benefit plan of ¥56.683 million as an extraordinary loss for the six-month period ended in the second quarter of the current fiscal year.」
The company disclosed the transition from a defined benefit plan to a defined contribution pension plan effective 1 September 2017, and recorded a ¥56.683 million loss on termination of the retirement benefit plan in connection with the transition.