Retirement Benefit Obligation Risk from Pension Asset Investment and Low Interest Rates
First written in FY2016. 20 of 26 entries say "Restated". Latest entry: FY2026.
Tokyo Kaikan moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 7 of 51 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「A decline in investment returns on pension assets or a decline in the discount rate resulting from the prolonged ultra-low interest rate policy may adversely affect the company's results and financial position in the following fiscal year.」
The company continues to disclose the risk that changes in pension asset investment returns and discount rates will affect performance and financial position in the following fiscal year. - FY2026-H1MaterialisedAnnual report
「Retirement benefit expense increased because actuarial differences arising in the retirement benefit plan in the previous fiscal year, mainly due to falling bond prices, were expensed in the current fiscal year.」
Actuarial differences mainly attributable to falling bond prices actually arose and appeared as an increase in retirement benefit expense through their expensing in the current fiscal year. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the financial position, operating results or cash flows of the filing company, among the matters relating to the business and accounting situation described in this interim report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2024RestatedAnnual report
「Accordingly, we monitor the operating status of the fund by selecting and appointing appropriate representatives to the corporate pension fund and receiving regular reports on its operations.」
The company continues to monitor the corporate pension fund through the appointment of representatives and regular operational reports. - FY2024-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2023MitigatedAnnual report
「Accordingly, we monitor the operating status of the fund by selecting and appointing appropriate representatives to the corporate pension fund and receiving regular reports on its operations.」
The company explicitly states that it monitors the risks related to pension asset investment and discount rates through the appointment of representatives to the corporate pension fund and regular operational reports. - FY2023-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2022-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2022-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2021-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing major risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2020RestatedAnnual report
「A decline in investment returns on pension assets or a decline in the discount rate resulting from the prolonged ultra-low interest rate policy may adversely affect the company's results and financial position in the following fiscal year.」
The company continues to disclose the risk related to retirement benefit obligations arising from changes in pension asset investment and discount rates, and monitors the operating status of its corporate pension fund. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2019RestatedAnnual report
「A decline in investment returns on pension assets or a decline in the discount rate resulting from the prolonged ultra-low interest rate policy may adversely affect the company's results and financial position in the following fiscal year.」
The risk that changes in pension asset investment returns and discount rates will affect performance and financial position in the following fiscal year remains. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2018RestatedAnnual report
「A decline in investment returns on pension assets or a decline in the discount rate resulting from the prolonged ultra-low interest rate policy may adversely affect the company's results and financial position in the following fiscal year.」
The risk that changes in pension asset investment returns and discount rates will affect performance and financial position in the following fiscal year remains. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in its existing business and other risks, including the risk related to retirement benefit obligations arising from pension asset investment and low interest rates. - FY2017RestatedAnnual report
「If the results of managing retirement pension assets differ from the assumptions, we expense the impact (actuarial differences) over one year in the fiscal year following the year in which they arise. A deterioration in the investment returns on pension assets and a decline in the discount rate resulting from prolonged ultra-low interest rate policies could adversely affect our performance and financial position in the following fiscal year.」
The risk that changes in pension asset investment returns and discount rates will affect performance and financial position in the following fiscal year remains. - FY2017-Q3MaterialisedAnnual report
「The Company continued to reduce expenses by strictly controlling food-material costs, seconding employees to other companies in the same industry and reducing the number of temporary employees, but total expenses exceeded those in the same quarter of the previous year owing to higher retirement benefit expenses and costs related to rebuilding the main building.」
The burden of retirement benefit expenses continues to be reflected as an actual factor driving the increase in expenses. - FY2017-Q2MaterialisedAnnual report
「Retirement benefit expenses and costs related to rebuilding the head office increased total expenses to ¥3,542 million, up ¥119 million, or 3.5%, from the same quarter of the previous year.」
The increase in retirement benefit expenses is reflected as an actual expense burden in the current quarter. - FY2017-Q1MaterialisedAnnual report
「The increase in the operating loss from the same quarter of the previous year was due in part to an investment loss on pension assets in the previous fiscal year resulting from the prolonged weakness in share prices, which increased retirement benefit expenses for the first quarter by ¥48 million from the same quarter of the previous year.」
Investment losses on pension assets resulting from the prolonged weakness in share prices were actually incurred, and retirement benefit expenses increased by ¥48 million from the same quarter of the previous year. - FY2016First statedAnnual report
「A decline in investment returns on pension assets or a decline in the discount rate resulting from the prolonged ultra-low interest rate policy may adversely affect the company's results and financial position in the following fiscal year.」
Changes in pension investment returns and the discount rate may affect results and financial position in the following fiscal year.