FY2027-H1First statedAnnual report
「Effective 1 April 2027, the company plans to fully transition its current retirement benefit arrangements, which combine a defined-benefit corporate pension plan and a lump-sum retirement benefit plan, to a defined-contribution pension plan. For the accounting treatment associated with this transition, the company plans to apply Accounting Standard Implementation Guidance No. 1, Accounting Treatment for Transfers Between Retirement Benefit Plans, dated 16 December 2016, and Practical Response Report No. 2, Practical Treatment of Accounting for Transfers Between Retirement Benefit Plans, dated 7 February 2007. The amount of the impact is currently being calculated. The transition is subject to the required labor-management agreement and approval from the relevant authorities.」
The company newly disclosed plans to fully transition from the combination of a defined-benefit corporate pension plan and a lump-sum retirement benefit plan to a defined-contribution pension plan effective 1 April 2027. The accounting impact is currently being calculated, and the transition is subject to labor-management agreement and approval from the relevant authorities.