Increase in Retirement Benefit Expense Due to Corporate Pension Fund Investment Performance and Interest Rate Fluctuations
First written in FY2017. 4 of 8 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Discount rate 1.5 % 2.8 % Long-term expected rate of return on plan assets 2.0 2.5」
The discount rate increased from 1.5% to 2.8%, and the long-term expected rate of return on plan assets increased from 2.0% to 2.5%. The corporate pension fund continued to account for approximately 97% of retirement benefit expenses. - FY2025MitigatedAnnual report
「In the current fiscal year, it accounted for approximately 98% of retirement benefit obligations and approximately 97% of retirement benefit expenses.」
The corporate pension fund's share of retirement benefit expenses decreased from approximately 98% in the previous fiscal year to approximately 97%. Its share of retirement benefit obligations remained approximately 98%. - FY2024WorsenedAnnual report
「In the current fiscal year, it accounted for approximately 98% of retirement benefit obligations and approximately 98% of retirement benefit expenses.」
The corporate pension fund's share of retirement benefit expenses increased from approximately 97% in the previous fiscal year to approximately 98%. The discount rate was 1.5% and the long-term expected rate of return on plan assets was 2.0%. - FY2023Decrease in retirement benefit obligations due to a higher discount rateAnnual report
「The discount rate applied in the calculation as of the beginning of the current fiscal year was 0.6%. Following a review of the discount rate at the end of the fiscal year, the company determined that changing the discount rate would have a material effect on the amount of retirement benefit obligations and changed the discount rate to 1.5%.」
The corporate pension fund continued to account for approximately 97% of retirement benefit expenses, while the discount rate increased from 0.6% to 1.5% and retirement benefit obligations decreased from ¥64.84371 billion to ¥60.83508 billion. - FY2021WorsenedAnnual report
「In the current fiscal year, it accounted for approximately 98% of retirement benefit obligations and approximately 97% of retirement benefit expenses.」
The corporate pension fund's share of retirement benefit expenses increased from approximately 82% in the previous report to approximately 97%. The long-term expected rate of return on plan assets was 2.0%. - FY2020MitigatedAnnual report
「With respect to the Group's retirement benefit plans, those relating to the corporate pension fund in which the company and its consolidated subsidiaries participate accounted for approximately 98% of retirement benefit obligations and approximately 82% of retirement benefit expenses in the current fiscal year.」
The corporate pension fund's share of retirement benefit expenses was approximately 82%, down from approximately 99% in the previous fiscal year. - FY2018WorsenedAnnual report
「The status of the corporate pension fund may affect the Group's financial results. A decline in the discount rate accompanying lower long-term interest rates increases retirement benefit obligations, while weak market conditions in the equity markets where the pension assets are primarily invested cause a divergence from expected investment returns. Both factors may lead to higher retirement benefit expenses in the future.」
The corporate pension fund's share of retirement benefit expenses increased from approximately 97% in the previous fiscal year to approximately 99%, while the long-term expected rate of return on plan assets decreased from 2.5% to 2.0%. - FY2017First statedAnnual report
「The status of the corporate pension fund may affect the Group's financial results. A decline in the discount rate accompanying lower long-term interest rates increases retirement benefit obligations, while weak market conditions in the equity markets where the pension assets are primarily invested cause a divergence from expected investment returns. Both factors may lead to higher retirement benefit expenses in the future.」
The corporate pension fund accounts for approximately 98% of retirement benefit obligations and approximately 97% of retirement benefit expenses, and the company anticipates higher expenses due to lower interest rates and weak equity markets.