Return of the substitutional portion and dissolution of the Japan DIY Home Center Industry Employees' Pension Fund
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Following the dissolution on 30 May 2017 of the Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company had participated, the Company transitioned to a new defined benefit corporate pension plan as its replacement effective 1 September 2017.」
The transition to a new defined benefit corporate pension plan effective 1 September 2017 following the dissolution of the welfare pension fund was reconfirmed. - FY2022RestatedAnnual report
「Following the dissolution on 30 May 2017 of the Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company had participated, the Company transitioned to a new defined benefit corporate pension plan as its replacement effective 1 September 2017.」
The transition to a defined benefit corporate pension plan effective 1 September 2017 following the dissolution of the welfare pension fund was reconfirmed. - FY2021RestatedAnnual report
「Following the dissolution on 30 May 2017 of the Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company had participated, the Company transitioned to a new defined benefit corporate pension plan as its replacement effective 1 September 2017.」
The transition to a new defined benefit corporate pension plan following the dissolution of the welfare pension fund continues to be disclosed. - FY2019RestatedAnnual report
「Following the dissolution on 30 May 2017 of the Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company had participated, the Company transitioned to a new defined benefit corporate pension plan as its replacement effective 1 September 2017.」
The transition to a new defined benefit corporate pension plan effective 1 September 2017 following the dissolution of the welfare pension fund continues to be disclosed. - FY2018-Q3AdvancedAnnual report
「In connection with this, the Company applied the Accounting Treatment for Transitions between Retirement Benefit Plans and Other Matters (Accounting Standards Implementation Guidance No. 1, 16 December 2016), recognizing a gain on amortization of past service costs of ¥471.702 million under extraordinary income and a loss on transition between retirement benefit plans of ¥462.816 million under extraordinary losses.」
Accounting treatment was applied to the transition to the defined benefit corporate pension plan established in the previous quarter, and a gain on amortization of past service costs of ¥471.702 million and a loss on transition between retirement benefit plans of ¥462.816 million were recognized. - FY2018-Q2AdvancedAnnual report
「Following approval on 30 May 2017 for the dissolution of the Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company had participated, the Company applied to the Ministry of Health, Labour and Welfare for approval to establish a new defined benefit corporate pension plan as its replacement. Approval was granted effective 1 September 2017, and the new plan commenced.」
Following the dissolution of the welfare pension fund, a new defined benefit corporate pension plan to replace it was approved and commenced on 1 September 2017. The accounting treatment associated with the transition was stated to be scheduled for application in the future. - FY2018-Q1AdvancedAnnual report
「The Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company participates, applied for approval to dissolve based on a resolution at the delegates' meeting held on 27 March 2017. The Ministry of Health, Labour and Welfare approved the dissolution of the Fund effective 30 May 2017. No costs are expected to arise from the dissolution of the Fund.」
The dissolution procedures for the Fund disclosed in the previous period progressed to approval by the Ministry of Health, Labour and Welfare. It was again stated that no costs are expected to arise from the dissolution. - FY2017First statedAnnual report
「The Japanese DIY Home Center Industry Welfare Pension Fund, in which the Company participates, received approval from the Minister of Health, Labour and Welfare on 1 March 2016 to return the substitution portion for future periods, and prepaid ¥22 billion of the minimum actuarial reserve. The Fund's delegates' meeting resolved to dissolve the Fund on 27 March 2017, and dissolution procedures began in May 2017. No additional costs are expected to arise from the dissolution of the Fund.」
The disclosure states that the Fund returned the substitution portion for future periods, prepaid ¥22 billion of the minimum actuarial reserve, and resolved to dissolve in March 2017, with dissolution procedures initiated. No additional costs are expected.