Strengthening Retirement Benefit Funding through the Establishment of a Retirement Benefit Trust
First written in FY2019-Q3. 1 of 2 entries say "Reframed", first in FY2023-Q2. Latest entry: FY2023-Q2.
Sanyo Shokai moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2022: 1 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2023-Q2ReframedAnnual report
「The Company had established a retirement benefit trust to further strengthen its retirement benefit funding. However, following changes to the retirement benefit plan and other factors, pension assets, including the trust assets, became overfunded, and the trust assets were no longer expected to be used for retirement benefits in the future. Accordingly, the amount of the surplus funding was returned.」
The retirement benefit trust established to strengthen retirement benefit funding became overfunded due to plan changes and other factors, and trust assets that were not expected to be used in the future were returned, according to the disclosure. - FY2019-Q3First statedAnnual report
「During the third quarter of the current consolidated fiscal year, the Company established a retirement benefit trust and contributed ¥2.1 billion in cash and deposits to further strengthen its retirement benefit funding. As a result, liabilities related to retirement benefits decreased by the same amount.」
The Company established a retirement benefit trust to strengthen its retirement benefit funding. As a result of contributing ¥2.1 billion in cash and deposits, liabilities related to retirement benefits decreased by the same amount.