Notice Regarding Return of Substitutional Portion (for Past Service) of Employees’ Pension Fund and Recording of Extraordinary Income
USHIO INC. announced today that the USHIO employees’ pension fund, in which the Company participates, received approval from the Minister of Health, Labour and Welfare on May 1, 2017 for the return of the benefit obligations related to past employee service under the substitutional portion of the employees’ pension fund, in accordance with the enforcement of the
Defined-Benefit Corporate Pension Act.
In conjunction with this, the Company recognized the extinguishment of its retirement benefit obligations under the substitutional portion and the accompanying gain and loss on the date of approval based on Paragraph 46 of the “Guidance on Accounting Standard for Retirement Benefits”(ASBJ Guidance No. 25, March 26, 2015).
Defined-Benefit Corporate Pension Act.
In conjunction with this, the Company recognized the extinguishment of its retirement benefit obligations under the substitutional portion and the accompanying gain and loss on the date of approval based on Paragraph 46 of the “Guidance on Accounting Standard for Retirement Benefits”(ASBJ Guidance No. 25, March 26, 2015).
For detailed information, please refer to this document （
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