Burden Associated with the Dissolution of the Employees' Pension Fund
First written in FY2016. 3 of 6 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2018.
The whole theme swung hardest in 2021: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe current year's description of business and other risks and operating results no longer mentions the burden risk associated with dissolution of the Employees' Pension Fund, as the provision had already been reduced and finalized by the previous year.
- FY2017MitigatedAnnual report
「As a result, during the consolidated fiscal year, we reversed the above provision and recognized the difference of ¥317 million from the finalized amount as an extraordinary gain.」
Following the reduction in the fund-wide funding shortfall and our group's burden, we reversed the provision for loss on dissolution of the Employees' Pension Fund and recognized the difference of ¥317 million from the finalized amount as an extraordinary gain. - FY2017-Q3MitigatedAnnual report
「As a result, during the cumulative third quarter consolidated period, we reversed the above provision and recognized the difference of ¥317 million from the finalized amount as an extraordinary gain.」
Following notification that the funding shortfall of the Employees' Pension Fund and our group's burden would be reduced, we reversed the provision and recognized the difference of ¥317 million as an extraordinary gain. The response to the burden risk has progressed further from the previous quarter. - FY2017-Q2MitigatedAnnual report
「The representative liquidator of the fund notified us that the fund-wide funding shortfall had fallen to approximately two-thirds of the amount at the time of the application for approval of the special dissolution, and that the burden borne by our group would be reduced by the same proportion. As a result, during the cumulative second quarter consolidated period, we reversed the above provision and recognized the difference of ¥311 million from the finalized amount as an extraordinary gain.」
The funding shortfall of the Employees' Pension Fund and our group's burden were reduced, bringing the ¥915 million provision down to ¥21 million, and the difference of ¥311 million was recognized as an extraordinary gain. - FY2017-Q1RestatedAnnual report
「Provision for loss on dissolution of Employees' Pension Fund 915」
The ¥915 million provision for loss on dissolution of the Employees' Pension Fund continues to be recognized. - FY2016MaterialisedAnnual report
「The Tokyo Furniture Employees' Pension Fund received approval for dissolution and approval of its payment plan from the Minister of Health, Labour and Welfare on 28 November 2014. The Tohoku Six Prefectures Trucking Employees' Pension Fund received approval for dissolution and approval of its payment plan from the Minister of Health, Labour and Welfare on 13 January 2015. At the end of the current consolidated fiscal year, the consolidated balance sheet included a provision of ¥915 million for losses associated with the dissolution of employees' pension funds under current liabilities.」
Following approval of the fund dissolutions and payment plans, the company recognized a ¥915 million provision for dissolution losses.