Costs Associated with the Exceptional Dissolution of the Employees’ Pension Fund
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2019-Q3.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2019-Q3MitigatedAnnual report
「The company recorded ¥21 million as a reversal of the provision for losses associated with employees' pension fund dissolution under non-operating income, following determination of the amount of the burden associated with the special dissolution of the employees' pension fund.」
The amount of the burden associated with the special dissolution of the employees' pension fund was determined, and ¥21 million was recorded as a reversal of the provision. Uncertainty regarding the final amount of the burden has decreased. - FY2018RestatedAnnual report
「Accordingly, the Group recorded the estimated loss of ¥690 million associated with the dissolution of the employees' pension fund as an addition to the provision for losses associated with employees' pension fund dissolution under extraordinary losses, and recorded the provision under non-current liabilities. Although the Minister of Health, Labour and Welfare approved the special dissolution on 30 May 2016, the final amount of the Group's burden may change because the amount will be determined when the liquidation process is completed.」
The company continues to report the ¥690 million provision and the possibility that the final amount of the burden may change until the liquidation is completed. - FY2016First statedAnnual report
「The employees' pension fund was approved for special dissolution at a meeting of its representative assembly held on 22 March 2016. Accordingly, during the consolidated fiscal year, the Group recorded an estimated loss of ¥690 million associated with the dissolution of the fund as an addition to the provision for losses associated with employees' pension fund dissolution under extraordinary losses, and recorded the provision for losses associated with employees' pension fund dissolution under non-current liabilities.」
First disclosure and materialization. It reports the dissolution resolution in March 2016, the ¥690 million provision and approval of the special dissolution in May 2016. The final amount of the burden may change when the liquidation process is completed.