Risk related to the dissolution of Employees' Pension Funds and the operating environment for retirement benefit plans
First written in FY2016. 25 of 33 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company and certain consolidated subsidiaries changed from defined benefit corporate pension plans to defined contribution pension plans effective 2024-04-01.」
The company continues to disclose the retirement benefit plans following the change from defined benefit corporate pension plans to defined contribution pension plans, and states that there were no major changes during the fiscal year. - FY2026-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.」
The company states that there were no material changes to the major risks concerning retirement benefit plans and other matters. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2024ReframedAnnual report
「The Company and certain consolidated subsidiaries changed from defined benefit corporate pension plans to defined contribution pension plans effective 2024-04-01. In connection with this change, the Company recognized a loss of ¥241 million on the termination of the retirement benefit plans.」
The focus of the explanation shifted from risks based on assumptions such as the discount rate and expected rate of return on plan assets under the former defined benefit plans to the change from defined benefit corporate pension plans to defined contribution pension plans. In connection with the change, the company recognized a ¥241 million loss on the termination of the retirement benefit plans. - FY2024-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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2024-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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2023RestatedAnnual report
「The Group's retirement benefit plans include defined benefit corporate pension plans and lump-sum retirement benefit plans. Retirement benefit expenses and retirement benefit obligations are calculated based on assumptions such as the discount rate for retirement benefit obligations and the expected rate of return on pension assets established actuarially.」
The company is reaffirming the risk to retirement benefit obligations arising from assumptions such as the discount rate and expected rate of return on plan assets under defined benefit plans, and differences between those assumptions and actual results. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2022RestatedAnnual report
「The Group's retirement benefit plans include defined benefit corporate pension plans and lump-sum retirement benefit plans. Retirement benefit expenses and retirement benefit obligations are calculated based on assumptions such as the discount rate for retirement benefit obligations and the expected rate of return on pension assets established actuarially.」
The company continues to explain the management of retirement benefit obligation risk arising from assumptions such as the discount rate and expected rate of return on plan assets under defined benefit plans, rather than from the dissolution of Employees' Pension Funds. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2022-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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2021ReframedAnnual report
「The Group's retirement benefit plans include defined benefit corporate pension plans and lump-sum retirement benefit plans. Retirement benefit expenses and retirement benefit obligations are calculated based on assumptions such as the discount rate for retirement benefit obligations and the expected rate of return on pension assets established actuarially. However, if actual results differ from these assumptions, they may affect the Group's operating performance and financial position.」
The focus of the explanation has expanded from the dissolution of Employees' Pension Funds to the risk related to retirement benefit obligations arising from changes in assumptions such as the discount rate and expected rate of return on plan assets under defined benefit plans. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - 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.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2020RestatedAnnual report
「Some subsidiaries of the Group have adopted jointly established Employees' Pension Fund plans and corporate pension fund plans. Changes in the investment environment, fund plans or benefit plans may affect the Group's operating performance and financial position.」
Even after the dissolution procedures for the fund, the company is reaffirming the possibility of an impact from the operating environment for retirement benefit plans and changes to the plans. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks identified in the previous fiscal year concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2019RestatedAnnual report
「Some subsidiaries of the Group have adopted jointly established Employees' Pension Fund plans and corporate pension fund plans. Changes in the investment environment, fund plans or benefit plans may affect the Group's operating performance and financial position.」
Even after completion of payment of the contribution to the Hokkaido Truck Employees' Pension Fund, the company is reaffirming the possibility of an impact from the operating environment for retirement benefit plans and changes to the plans as a risk. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The company states that there were no material changes to the business and other risks identified in the previous fiscal year concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2019-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks identified in the previous fiscal year concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2018MitigatedAnnual report
「The Hokkaido Petroleum Industry Employees' Pension Fund, in which 1 consolidated subsidiary participates, resolved to dissolve at a meeting of its representatives held on 23 January 2017. In connection with this, the Group recognized a provision of ¥224 million for losses on the dissolution of the Employees' Pension Fund during the consolidated fiscal year, representing the shortfall in the minimum liability reserve to be paid as provisionally estimated by the fund. Of the Employees' Pension Funds in which the Group's consolidated subsidiaries participate, the Hokkaido Truck Employees' Pension Fund, in which 3 subsidiaries participate, had received approval for dissolution from the Ministry of Health, Labour and Welfare on 30 July 2014. The corrected amount payable was finalized on 28 April 2017, and payment of the full amount of the contribution was completed during the consolidated fiscal year.」
Payment of the full contribution to the Hokkaido Truck Employees' Pension Fund was completed, reducing this risk. Meanwhile, the company recognized a ¥224 million provision for losses on dissolution of the Hokkaido Petroleum Industry Employees' Pension Fund. - FY2018-Q3MaterialisedAnnual report
「Provision for losses on dissolution of Employees' Pension Fund 219 223」
The provision for losses on dissolution of the Employees' Pension Fund increased from ¥219 million to ¥223 million, and an additional provision of ¥4 million was recognized during the cumulative third-quarter period. - FY2018-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there were no material changes to the risks identified in the previous fiscal year concerning the dissolution of Employees' Pension Funds and retirement benefit plans. - FY2018-Q1MaterialisedAnnual report
「Provision for losses on dissolution of Employees' Pension Fund 219 223」
The provision for losses on dissolution of the Employees' Pension Fund increased from ¥219 million to ¥223 million, and an additional provision of ¥4 million was recognized in the first quarter. - FY2017MaterialisedAnnual report
「The Hokkaido Petroleum Industry Employees' Pension Fund, in which 1 consolidated subsidiary participates, resolved to dissolve at a meeting of its representatives held on 23 January 2017. In connection with this, the Group recognized a provision of ¥219 million for losses on the dissolution of the Employees' Pension Fund during the consolidated fiscal year, representing the shortfall in the minimum liability reserve to be paid as provisionally estimated by the fund.」
The Hokkaido Petroleum Industry Employees' Pension Fund, which had been discussing dissolution through the previous quarter, resolved to dissolve, and the company recognized a ¥219 million provision for losses on fund dissolution. - FY2017-Q3RestatedAnnual report
「The Hokkaido Petroleum Industry Employees' Pension Fund, a jointly established Employees' Pension Fund in which 1 consolidated subsidiary participates, is holding discussions toward dissolution under the special dissolution system. If the fund is dissolved, a loss is expected to arise, but because it is a multi-employer plan, the amount of the impact on the Group cannot be reasonably estimated.」
The company continues to describe the discussions concerning the dissolution of the Hokkaido Petroleum Industry Employees' Pension Fund and the inability to reasonably estimate the amount of the impact. - FY2017-Q2RestatedAnnual report
「The Hokkaido Petroleum Industry Employees' Pension Fund, a jointly established Employees' Pension Fund in which 1 consolidated subsidiary participates, is holding discussions toward dissolution under the special dissolution system. If the fund is dissolved, a loss is expected to arise, but because it is a multi-employer plan, the amount of the impact on the Group cannot be reasonably estimated.」
The company continues to describe the discussions concerning the dissolution of the Hokkaido Petroleum Industry Employees' Pension Fund and the inability to reasonably estimate the amount of the impact. - FY2017-Q1WorsenedAnnual report
「The Hokkaido Petroleum Industry Employees' Pension Fund, a jointly established Employees' Pension Fund in which 1 consolidated subsidiary participates, is holding discussions toward dissolution under the special dissolution system. If the fund is dissolved, a loss is expected to arise, but because it is a multi-employer plan, the amount of the impact on the Group cannot be reasonably estimated.」
In addition to the existing Employees' Pension Fund dissolution, discussions on the dissolution of another fund are under way, broadening the Group's exposure to the risk of losses upon dissolution. - FY2016First statedAnnual report
「The Hokkaido Truck Employees' Pension Fund, in which 3 consolidated subsidiaries participate, obtained approval for dissolution from the Ministry of Health, Labour and Welfare on 30 July 2014. Accordingly, the Group recognized a provision of ¥165 million for losses on the dissolution of the Employees' Pension Fund during the consolidated fiscal year.」
The dissolution of the fund proceeded, and the company recognized a ¥165 million provision for losses on fund dissolution during the fiscal year. The impact of the operating environment for retirement benefit plans and changes to the plans is also described as a risk.