Employees’ Pension Fund dissolution charge
First written in FY2016. 1 of 5 entries say "Materialised", first in FY2016. Latest entry: FY2019.
The whole theme swung hardest in 2020: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- FY2019AchievedAnnual report
「As the amount of the contribution was finalized on 4 January 2019, payment of the contribution was completed during the fiscal year, and the entire provision for loss on dissolution of the employees' pension fund recognized in the previous fiscal year was reversed.」
The amount of the contribution to the employees' pension fund was finalized and payment was completed. The ¥795,721 thousand provision for loss on dissolution recognized in the previous fiscal year was fully reversed. - FY2019-Q3MitigatedAnnual report
「The main factors were a ¥197 million increase in deferred tax liabilities, offset by a ¥795 million decrease in the provision for loss on dissolution of the employees' pension fund, among other factors.」
The provision for loss on dissolution of the employees' pension fund decreased by ¥795 million, and the provision recognized at the end of the previous consolidated fiscal year no longer existed at the end of the quarter. - FY2018No additional burden expected for the fund joined by the subsidiary was disclosedAnnual report
「The Osaka Prefecture Freight Transport Employees' Pension Fund, in which the company participates, resolved to dissolve under special provisions at a meeting of representatives held on 22 March 2016 and received approval for its dissolution from the Minister of Health, Labour and Welfare on 30 May 2016. The company recognized ¥795,721 thousand for the estimated loss on dissolution of the employees' pension fund under non-current liabilities at the end of the fiscal year. The National Security Services Employees' Pension Fund, in which some consolidated subsidiaries participate, received approval for dissolution from the Minister of Health, Labour and Welfare on 23 September 2016. No additional burden is expected to arise from the dissolution of this employees' pension fund.」
While the ¥795,721 thousand provision for loss on dissolution of the principal fund continued to be recognized, the company stated that no additional burden was expected for the National Security Services Employees' Pension Fund joined by its subsidiaries. - FY2017Dissolution approval for the fund was disclosedAnnual report
「The Osaka Prefecture Freight Transport Employees' Pension Fund, in which the company participates, resolved to dissolve under special provisions at a meeting of representatives held on 22 March 2016 and received approval for its dissolution from the Minister of Health, Labour and Welfare on 30 May 2016. The company recognized a provision for the estimated loss on dissolution of the employees' pension fund of ¥795,721 thousand under non-current liabilities at the end of the fiscal year.」
The company disclosed that the Osaka Prefecture Freight Transport Employees' Pension Fund had received approval for dissolution and that the ¥795,721 thousand provision for loss on dissolution continued to be recognized. - FY2016MaterialisedAnnual report
「The Osaka Prefecture Freight Transport Employees' Pension Fund, in which the company participates, resolved to dissolve under special provisions at a meeting of representatives held on 22 March 2016. Accordingly, during the fiscal year, the company recognized an estimated loss on dissolution of ¥795,721 thousand as an addition to the provision for loss on dissolution of the employees' pension fund under extraordinary losses and recognized a provision for loss on dissolution of the employees' pension fund of ¥795,721 thousand under non-current liabilities.」
The fund resolved to dissolve under special provisions, and a provision was recognized for the estimated loss of ¥795,721 thousand.