Funding shortfall risk in retirement benefit plans and employees’ pension funds
First written in FY2016. 1 of 3 entries say "Reframed", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「Although the Group primarily uses defined contribution pension plans for retirement benefit expenses and related items, losses may arise from changes in the discount rate for defined benefit plans or the emergence of past service obligations resulting from changes to the retirement allowance system, potentially adversely affecting the Group’s financial position and operating results.」
The remaining retirement benefit risks associated with changes in the discount rate for defined benefit plans and changes to the plans are reiterated. - FY2017ReframedAnnual report
「Although the Group primarily uses defined contribution pension plans for retirement benefit expenses and related items, losses may arise from changes in the discount rate for defined benefit plans or the emergence of past service obligations resulting from changes to the retirement allowance system, potentially adversely affecting the Group’s financial position and operating results.」
The employees’ pension fund has been dissolved and no additional burden is expected, while the disclosure has shifted to the remaining retirement benefit risks arising from changes in the discount rate for defined benefit plans and changes to the plans. - FY2016First statedAnnual report
「The emergence of a funding shortfall due to deteriorating investment performance at the comprehensive employees’ pension fund in which the Group participates could have a significant impact on the Group’s performance, depending on how the shortfall is treated.」
While disclosing the fund’s funding shortfall in numerical terms, the Osaka Soshoku Employees’ Pension Fund has already been approved for dissolution, and no additional burden is expected to arise.