Risk of Increased Pension Obligations and Pension Expense
First written in FY2018. 3 of 5 entries say "Mitigated", first in FY2019-Q3. Latest entry: FY2022.
24 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「On 1 April 2021, the Group transferred its defined-benefit corporate pension plan to a risk-sharing corporate pension plan classified as a defined contribution plan under Paragraph 4 of the Accounting Standard for Retirement Benefits. As a result, a gain of ¥44 million on termination of the retirement benefit plan was recognized as extraordinary income for the current consolidated fiscal year. The retirement benefit trust established by the Bank was also terminated.」
The transfer from the defined-benefit plan to the risk-sharing corporate pension plan and the termination of the retirement benefit trust were completed, eliminating retirement benefit liabilities and assets from the consolidated balance sheet. - FY2022-Q1MitigatedAnnual report
「On 1 April 2021, the Group transferred its defined-benefit corporate pension plan to a risk-sharing corporate pension plan classified as a defined contribution plan under Paragraph 4 of the Accounting Standard for Retirement Benefits (Accounting Standard No. 26, 16 December 2016). As a result, a gain of ¥44 million on termination of the retirement benefit plan was recognized as extraordinary income in the first quarter of the current consolidated fiscal year. The retirement benefit trust established by the Bank was also terminated.」
The defined-benefit corporate pension plan was transferred to a risk-sharing corporate pension plan, and a gain of ¥44 million on termination of the retirement benefit plan was recognized. The established retirement benefit trust was also terminated, and the pension plan was reviewed. - FY2019RestatedAnnual report
「The Group operates its pension plans stably through measures including the introduction of defined contribution pension plans.」
Stable operation of the defined contribution pension plan and other plans continues to be disclosed. In fiscal 2018, ¥5 billion was contributed to a retirement benefit trust, reducing liabilities related to retirement benefits by the same amount. - FY2019-Q3MitigatedAnnual report
「During the consolidated accounting period of the third quarter under review, we established a retirement benefit trust and contributed ¥5,000 million in cash to further improve the soundness of the retirement benefit plan. As a result, liabilities related to retirement benefits decreased by the same amount.」
A retirement benefit trust was established to improve the soundness of the retirement benefit plan, and the contribution of ¥5 billion in cash resulted in an equivalent decrease in liabilities related to retirement benefits. - FY2018First statedAnnual report
「The Group operates its pension plans stably through measures including the introduction of defined contribution pension plans. However, if the cost burden increases due to changes in actuarial assumptions or declines in the fair value of pension assets, this may adversely affect the Group's operating results and financial condition.」
The increase in pension expense burdens due to changes in actuarial assumptions or declines in the fair value of pension assets was explicitly identified as a new risk.