Partial Revision of the Retirement Benefit Plan
First written in FY2016-Q3. 2 of 5 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries transferred part of their defined-benefit plans to defined-contribution plans effective 1 January 2024.」
The partial transfer from the defined-benefit plan effective 1 January 2024 was disclosed as completed for the full fiscal year, and a loss of ¥266 million on the revision of retirement benefit plans was recorded. - FY2024-Q1AdvancedAnnual report
「This arose in connection with the transfer of part of the defined-benefit retirement plan to a defined-contribution pension plan, effective 1 January 2024, by the Company and certain domestic consolidated subsidiaries.」
Following the 2016 plan revision, part of the defined-benefit plan was transferred to a defined-contribution pension plan effective 1 January 2024. In connection with this transfer, a loss of ¥237 million on the revision of retirement benefit plans was recorded. - FY2018Continuing the Transfer of Assets to Defined-Contribution Pension PlansAnnual report
「The amount of assets to be transferred to the defined-contribution pension plan in connection with the partial transfer from the retirement lump-sum plan to the defined-contribution pension plan is ¥1,535 million, and the transfer is scheduled to take place over four years. As of the end of the consolidated fiscal year, the untransferred amount of ¥368 million was recorded under accounts payable (Other under current liabilities).」
Following the plan revision implemented in 2016, the Company has continued transferring ¥1,535 million of assets over four years, with ¥368 million remaining untransferred at the end of the period. - FY2016-Q4AchievedAnnual report
「The Company and certain consolidated subsidiaries partially revised their retirement benefit plans effective 1 October 2016, based on an agreement between labor and management dated 31 March 2016. As a result, the Company and certain consolidated subsidiaries introduced point-based systems for their retirement lump-sum plans and defined-benefit corporate pension plans based on salary and years of service, and transferred part of their retirement lump-sum plans to defined-contribution pension plans. In the nine-month period ended 31 December 2016, this plan change resulted in past service costs of negative ¥1,126 million (a reduction in liabilities), while a gain of ¥30 million on the revision of retirement benefit plans arising from the transfer was recorded as extraordinary income.」
The point-based system introduced on 1 October 2016 and the partial transfer to defined-contribution pension plans have been completed, and the accounting treatment arising from the plan change has also been recorded. - FY2016-Q3First statedAnnual report
「The Company and certain consolidated subsidiaries partially revised their retirement benefit plans effective 1 October 2016, based on an agreement between labor and management dated 31 March 2016. As a result, the Company and certain consolidated subsidiaries introduced point-based systems for their retirement lump-sum plans and defined-benefit corporate pension plans based on salary and years of service, and transferred part of their retirement lump-sum plans to defined-contribution pension plans.」
Effective 1 October 2016, the Company introduced point-based systems into its retirement benefit plans and transferred part of its retirement lump-sum plans to defined-contribution pension plans.