Underfunding of Multi-Employer Plans and Application to Dissolve the Fund
First written in FY2016. 24 of 26 entries say "Restated". Latest entry: FY2025-H1.
1 other company's latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No material changes were identified in the existing principal risks relating to the dissolution and liquidation of the fund. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the existing principal risks relating to the dissolution and liquidation of the fund. - FY2023RestatedAnnual report
「The Chubu Printing Industry Employees’ Pension Fund, in which the Company and certain consolidated subsidiaries participated, resolved at a meeting of delegates held on 17 May 2016 to apply for approval to dissolve the fund. The fund was dissolved after obtaining approval from the Minister of Health, Labour and Welfare dated 27 July 2016. As of the end of the consolidated fiscal year, liquidation procedures were under way, but no additional burden resulting from the dissolution of the fund is expected.」
The liquidation procedures following the dissolution of the fund, and the explanation that no additional burden is expected, continue. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the existing principal risks relating to the dissolution and liquidation of the fund. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the existing principal risks relating to the dissolution and liquidation of the fund. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the principal risks relating to the dissolution and liquidation of the fund described in the previous fiscal year. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the existing principal risks relating to the dissolution and liquidation of the fund. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the principal risks relating to the dissolution and liquidation of the fund described in the previous fiscal year. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks relating to the dissolution and liquidation of the fund described in the previous fiscal year. - FY2020RestatedAnnual report
「The Chubu Printing Industry Employees’ Pension Fund, in which the Company and certain consolidated subsidiaries participated, resolved at a meeting of delegates held on 17 May 2016 to apply for approval to dissolve the fund. The fund was dissolved after obtaining approval from the Minister of Health, Labour and Welfare dated 27 July 2016. As of the end of the consolidated fiscal year, liquidation procedures were under way, but no additional burden resulting from the dissolution of the fund is expected.」
The fund remains in liquidation after approval for dissolution, and the explanation that no additional burden is expected continues to be provided. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2020-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified, including in the existing risks relating to the dissolution and liquidation of the fund. - FY2019RestatedAnnual report
「The Chubu Printing Industry Employees’ Pension Fund, in which the Company and certain consolidated subsidiaries participated, resolved at a meeting of delegates held on 17 May 2016 to apply for approval to dissolve the fund. The fund was dissolved after obtaining approval from the Minister of Health, Labour and Welfare dated 27 July 2016. As of the end of the consolidated fiscal year, liquidation procedures were under way, but no additional burden resulting from the dissolution of the fund is expected.」
The fund remains in liquidation after approval for dissolution, and no additional burden continues to be expected. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2019-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2019-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2018RestatedAnnual report
「The Chubu Printing Industry Employees’ Pension Fund, in which the Company and certain consolidated subsidiaries participated, resolved at a meeting of delegates held on 17 May 2016 to apply for approval to dissolve the fund. The fund was dissolved after obtaining approval from the Minister of Health, Labour and Welfare dated 27 July 2016. As of the end of the consolidated fiscal year, liquidation procedures were under way, but no additional burden resulting from the dissolution of the fund is expected.」
The fund remains in liquidation after approval for dissolution, and no additional burden continues to be expected. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2018-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the business and other risks, including the existing risks relating to the dissolution and liquidation of the fund. - FY2017AdvancedAnnual report
「The Chubu Printing Industry Employees’ Pension Fund, in which the Company and certain consolidated subsidiaries participated, resolved at a meeting of delegates held on 17 May 2016 to apply for approval to dissolve the fund. The fund was dissolved after obtaining approval from the Minister of Health, Labour and Welfare dated 27 July 2016. As of the end of the consolidated fiscal year, liquidation procedures were under way, but no additional burden resulting from the dissolution of the fund is expected.」
The fund obtained approval for dissolution and was dissolved, after which liquidation procedures began. No additional burden continues to be expected. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the existing business and other risks, including risks relating to the multi-employer plan. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter of the current consolidated fiscal year. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the existing business and other risks, including risks relating to the multi-employer plan. - FY2017-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the existing business and other risks, including risks relating to the multi-employer plan. - FY2016First statedAnnual report
「At a meeting of delegates held on 17 May 2016, the Chubu Printing Industry Employees’ Pension Fund resolved to apply for approval to dissolve the fund, and submitted the application to the Minister of Health, Labour and Welfare on 31 May 2016. No additional burden resulting from the dissolution of the fund is expected.」
The underfunding of the multi-employer plan was quantified, and following the fiscal year the resolution and application procedures for approval to dissolve the fund were undertaken. The Company states that no additional burden is expected.