Transition from a Defined-Benefit Corporate Pension Plan to a Defined-Contribution Pension Plan
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022-Q3. Latest entry: FY2022-Q3.
46 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「On 1 October 2021, we transferred all defined benefit corporate pension plans for active employees to defined contribution pension plans. As a result, we applied the Accounting Treatment for Transfers Between Retirement Benefit Plans and Related Matters (ASBJ Guidance No. 1, 16 December 2016) and the Practical Solution on the Accounting Treatment for Transfers Between Retirement Benefit Plans and Related Matters (ASBJ Practical Issues Task Force No. 2, 7 February 2007), and accounted for the portion transferred to the defined contribution pension plan as a partial termination of the retirement benefit plan. Accordingly, we recognised a gain on revision of the retirement benefit plan of ¥548 million as extraordinary income during the nine months ended 31 December 2021.」
On 1 October 2021, all defined benefit corporate pension plans for active employees were transferred to defined contribution pension plans, and a gain on revision of the retirement benefit plan of ¥548 million was recognised during the nine months ended 31 December. - FY2022-Q2First statedAnnual report
「On 1 October 2021, we transferred all defined benefit corporate pension plans for active employees to defined contribution pension plans. As a result, we applied the Accounting Treatment for Transfers Between Retirement Benefit Plans and Related Matters (ASBJ Guidance No. 1, 16 December 2016) and the Practical Solution on the Accounting Treatment for Transfers Between Retirement Benefit Plans and Related Matters (ASBJ Practical Issues Task Force No. 2, 7 February 2007), and accounted for the portion transferred to the defined contribution pension plan as a partial termination of the retirement benefit plan. Accordingly, extraordinary income of ¥485 million is expected to be recognised in the third quarter of the fiscal year ending March 2022.」
The planned or completed transfer on 1 October 2021 of all defined benefit corporate pension plans for active employees to defined contribution pension plans was disclosed as a significant subsequent event, with extraordinary income of ¥485 million expected in the third quarter of the fiscal year ending March 2022.