Transition from a retirement lump-sum benefit system to a defined contribution pension plan
First written in FY2021-Q1. 6 of 8 entries say "Advanced", first in FY2021. Latest entry: FY2024.
5 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The amount of assets to be transferred to the defined contribution pension plan was ¥6,390 million, and the transfer is scheduled to take place over 4 years. The ¥17 million balance not yet transferred as of the end of the fiscal year was recorded under accounts payable and other current liabilities.」
Asset transfers progressed following the transition to the new plan, reducing the amount not yet transferred from ¥1,175 million in the previous fiscal year to ¥17 million. - FY2024-Q1AdvancedAnnual report
「This was mainly due to a ¥1,363 million decrease in cash and deposits as transfer payments were made in connection with the full transition to the defined contribution pension plan, while notes and accounts receivable and contract assets increased by ¥226 million, among other factors.」
The company explained that transfer payments related to the full transition to the defined contribution pension plan continued in the first quarter, resulting in a ¥1,363 million decrease in cash and deposits. - FY2023AdvancedAnnual report
「The amount of assets to be transferred to the defined contribution pension plan is ¥6,390 million, and the transfer is scheduled to be made over 4 years. The untransferred amount of ¥1,175 million at the end of the current fiscal year is recorded under accounts payable and other current liabilities and long-term accounts payable and other non-current liabilities.」
Regarding the transfer of assets to the defined contribution pension plan, the company described cumulative transfers of ¥6,390 million, a 4-year transfer plan and an untransferred amount of ¥1,175 million. - FY2023-Q2AdvancedAnnual report
「This was mainly due to payments of transfer amounts associated with the full transition to the defined contribution pension plan, which resulted in a ¥1,339 million decrease in long-term accounts payable and other non-current liabilities included in other non-current liabilities.」
Payments of transfer amounts associated with the full transition to the defined contribution pension plan continued, resulting in a ¥1,339 million decrease in long-term accounts payable and other non-current liabilities. - FY2023-Q1AdvancedAnnual report
「This was mainly due to payments of transfer amounts associated with the full transition to the defined contribution pension plan, which resulted in decreases of ¥1,622 million in cash and deposits, ¥253 million in merchandise and finished goods, and ¥162 million in investment securities due to the sale of cross-shareholdings and other factors.」
Payments of transfer amounts associated with the full transition to the defined contribution pension plan progressed, resulting in decreases of ¥1,622 million in cash and deposits and ¥1,333 million in long-term accounts payable and other non-current liabilities. - FY2021AdvancedAnnual report
「The amount to be transferred to the defined contribution pension plan is ¥6,125 million, and the transfer is scheduled to be made over 4 years. The untransferred amount of ¥4,299 million at the end of the current fiscal year is recorded under accounts payable and other current liabilities and long-term accounts payable and other non-current liabilities.」
Following the transition from lump-sum retirement benefit plans to defined contribution plans, the company described its plan to transfer ¥6,125 million of assets over 4 years and the untransferred amount of ¥4,299 million. - FY2021-Q3Cited as achievedAnnual report
「The company and 5 consolidated subsidiaries transitioned from lump-sum retirement benefit plans to defined contribution plans on 1 April 2020 and applied the Accounting Treatment for Transfers between Retirement Benefit Plans (ASBJ Guidance No. 1, revised 16 December 2016) and the Practical Solution on Accounting Treatment for Transfers between Retirement Benefit Plans (ASBJ Practical Issues Task Force No. 2, revised 7 February 2007).」
The company reiterated information on the retirement benefit plan transition completed on 1 April 2020 and the reason for recognising extraordinary income. - FY2021-Q1AchievedAnnual report
「The company and 5 consolidated subsidiaries transitioned from lump-sum retirement benefit plans to defined contribution plans on 1 April 2020 and applied the Accounting Treatment for Transfers between Retirement Benefit Plans (ASBJ Guidance No. 1, revised 16 December 2016) and the Practical Solution on Accounting Treatment for Transfers between Retirement Benefit Plans (ASBJ Practical Issues Task Force No. 2, revised 7 February 2007).」
The company and 5 consolidated subsidiaries completed the transition from lump-sum retirement benefit plans to defined contribution plans on 1 April 2020 and recognised a ¥186 million gain on the settlement of retirement benefit plans.