Risk of fluctuations in pension assets and pension liabilities
First written in FY2023. 3 of 4 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2025: 6 of 42 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We are reducing the risk of future actuarial differences by returning the substitutional portion of the Employees' Pension Fund to the government and transitioning our retirement benefit plans to a defined contribution pension plan and a cash balance plan. Under the cash balance plan, amounts accumulated annually based on annual income during employment accrue interest at the three-year average of the yield on 10-year Japanese government bonds at auction.」
The policy of reducing the risk of fluctuations in pension assets and pension liabilities through the transition of the retirement benefit plans remains in place. - FY2025MitigatedAnnual report
「We are reducing the risk of future actuarial differences by returning the substitutional portion of the Employees' Pension Fund to the government and transitioning our retirement benefit plans to a defined contribution pension plan and a cash balance plan. Under the cash balance plan, amounts accumulated annually based on annual income during employment accrue interest at the three-year average of the yield on 10-year Japanese government bonds at auction.」
The policy of reducing the risk of future actuarial differences through the transition of the retirement benefit plans remains in place. - FY2024MitigatedAnnual report
「We are reducing the risk of future actuarial differences by returning the substitutional portion of the Employees' Pension Fund to the government and transitioning our retirement benefit plans to a defined contribution pension plan and a cash balance plan. Under the cash balance plan, amounts accumulated annually based on annual income during employment accrue interest at the three-year average of the yield on 10-year Japanese government bonds at auction.」
The company explicitly identified risk reduction through the transition of its pension plans as a response to the risk of fluctuations in pension assets and pension liabilities. - FY2023First statedAnnual report
「Actuarial differences may arise if the fair value of the Group’s pension assets declines, the investment return on those assets falls below the expected long-term rate of return, or the actuarial assumptions underlying the calculation of projected benefit obligations change.」
The company disclosed the risk of actuarial differences arising from changes in the fair value and investment returns of pension assets and in actuarial assumptions.