Nagoya Bank announced plans to cancel part of its retirement benefit trust and receive a return of the assets, with approximately ¥2 billion expected to be recorded as extraordinary income from the gain on return of retirement benefit trust assets in its results for the fiscal year ending March 2027. The scheduled return date is 11 November, and the return amount will be approximately ¥8.7 billion.
Nagoya Bank announced that it expects to record approximately ¥2 billion from the gain on return of retirement benefit trust assets as extraordinary income in its results for the fiscal year ending March 2027. As pension assets have remained in excess of its retirement benefit obligations, the bank indicated that it plans to cancel part of the trust and receive a return of the assets.
The scheduled return date is 11 November, and the return amount is expected to be approximately ¥8.7 billion.