Increased Cost Burden under Retirement Benefit Accounting
First written in FY2017-Q1. 3 of 10 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
Shobunsha Holdings moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Retirement benefit expenses related to defined benefit plans: ¥49.063 million」
Retirement benefit expenses related to defined benefit plans increased from ¥27.685 million in the previous year to ¥49.063 million. Financial risks related to actuarial estimates, discount rates and other factors continue to be reported. - FY2021ReframedAnnual report
「The Group bears retirement benefit expenses and retirement benefit obligations calculated using factors such as the discount rate, salary levels, employee turnover rate and the long-term expected rate of return on pension assets. Although these actuarial calculations are based on various estimates, actual results may differ materially from those estimates and could have a material impact on the Group's performance.」
The issue has been reframed from higher retirement benefit expenses as a conventional performance factor to differences between actuarial estimates as a financial risk that could affect performance. - FY2020-Q2MitigatedAnnual report
「Retirement benefit expenses: ¥14.003 million」
Retirement benefit expenses included in selling, general and administrative expenses decreased from ¥18.515 million in the same period of the previous year to ¥14.003 million. - FY2019ReframedAnnual report
「Retirement benefit expenses related to defined benefit plans: ¥55.852 million; loss on termination of retirement benefit plans: ¥47.083 million」
Retirement benefit expenses related to defined benefit plans decreased from ¥116.156 million in the previous fiscal year to ¥55.852 million, while the Company recorded a ¥47.083 million loss on termination of retirement benefit plans. - FY2018MitigatedAnnual report
「Retirement benefit expenses related to defined benefit plans: ¥116.156 million」
Retirement benefit expenses related to defined benefit plans decreased from ¥229.202 million in the previous year to ¥116.156 million, indicating that the higher expenses recorded in the previous fiscal year had eased. - FY2018-Q2MitigatedAnnual report
「Retirement benefit expenses: ¥33.017 million」
Retirement benefit expenses decreased from ¥71.329 million in the same period of the previous year to ¥33.017 million, indicating that the higher expenses cited through the previous fiscal year had eased during the cumulative quarter under review. - FY2017WorsenedAnnual report
「In terms of profit and loss, in addition to a substantial decline in revenue and an increase in returns, manufacturing costs and selling, general and administrative expenses both rose sharply due to higher retirement benefit expenses, an increase in provisions for bonuses following changes to the personnel system, and higher allowance for doubtful accounts associated with the bankruptcy of a specialist map wholesaler that was a business partner, among other factors.」
The increase in retirement benefit expenses was cited as a factor behind the increase in full-year expenses, and retirement benefit expenses totaled ¥229 million. - FY2017-Q3RestatedAnnual report
「In terms of profit and loss, although ¥347 million of the provision for returns was reversed, performance deteriorated substantially compared with the cumulative third quarter of the previous fiscal year due to a sharp increase in returns of trade books, a decline in high-margin electronic sales, higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, among other factors. The Company recorded an operating loss of ¥1,249 million, compared with an operating loss of ¥464 million in the same period of the previous year.」
Higher expenses under retirement benefit accounting continue to be cited as a factor behind the operating loss. - FY2017-Q2WorsenedAnnual report
「Due in part to higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, performance deteriorated substantially compared with the cumulative second quarter of the previous fiscal year, and the Company recorded an operating loss of ¥1.0 billion, compared with an operating loss of ¥449 million in the same period of the previous year.」
Higher expenses under retirement benefit accounting continued to be cited as a factor behind the deterioration in performance, and retirement benefit expenses increased from ¥36.152 million in the same period of the previous year to ¥71.329 million. - FY2017-Q1First statedAnnual report
「Due in part to higher expenses under retirement benefit accounting and front-loaded expenses in the new inbound tourism business, performance deteriorated compared with the cumulative first quarter of the previous fiscal year, and the Company recorded an operating loss of ¥521 million.」
Higher expenses under retirement benefit accounting were cited as one factor behind the deterioration in performance.