Dissolution of Employees’ Pension Funds and Additional Burdens
First written in FY2016. 1 of 3 entries say "Worsened", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2021: 1 of 9 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2018MitigatedAnnual report
「The Tokyo Freight Transport Employees' Pension Fund, in which the company participated, was dissolved with the approval of the Minister of Health, Labour and Welfare dated 29 September 2017, and the Tokyo Port Employees' Pension Fund was dissolved with such approval dated 20 November 2017. No additional burden is expected to arise from the dissolution of these funds.」
The dissolution of the 2 pension funds in which the company participated was completed, and no additional burden is expected to arise from the dissolutions. - FY2017WorsenedAnnual report
「(Tokyo Port Employees' Pension Fund) Net amount △4,071,031 thousand yen △10,552,042 thousand yen (Tokyo Freight Transport Employees' Pension Fund) Net amount △19,841,800 thousand yen △18,528,953 thousand yen」
The financial deficits of both funds continued, and the deficit of the Tokyo Port Employees' Pension Fund increased. The company continued to state that the costs associated with special dissolution could not be reasonably estimated. - FY2016First statedAnnual report
「The Tokyo Port Employees' Pension Fund and the Tokyo Freight Transport Employees' Pension Fund, in which the company participates, each approved a policy of special dissolution at their respective representatives' meetings held on 28 February 2014 and 11 July 2014. Expenses are expected to arise in connection with the dissolution of these funds, but many uncertainties remain at present and a reasonable estimate cannot be calculated.」
A policy of special dissolution was approved, and the pension funds' net deficit amounts were also disclosed, but the company stated that the additional costs could not be reasonably estimated.