Epson 2016 Annual Report Download - page 97

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96
(6) Breakdown of Plan Assets
The breakdown of plan assets by major category was as follows:
(Note 1) A certain interest rate and principal for the general accounts of life insurance companies are guaranteed by
life insurance companies.
(Note 2) Alternative investments are the investments through hedge funds, multi-asset funds, securitization funds
and other funds.
(Note 3) In plan assets, there are no transferable financial instruments, real estate held by Epson or other assets
used by Epson.
The investment strategy for Epson’s plan assets was as follows:
Epson’s plan assets under defined benefit plans are managed in accordance with the rules of the Fund for securing
stable returns in the middle- and long-term in order to ensure the redemption of the defined benefit obligations.
Epson sets a best qualified asset mix policy through performing pension ALM, which is combined management of
assets and liabilities by an external agency to secure stable returns. Epson invests plan assets consistently with the
asset mix policy which includes setting of the risk, target rate of return and composition ratio of plan assets by asset
category.
Millions of yen
Thousands of
U.S. dollars
March 31, March 31,
2015 2016 2016
Investments quoted in active markets
Equity securities 24,580 19,923 176,810
Bonds receivable 117 48 425
Alternative investments (Note 2) 20,934 6,926 61,466
Cash and deposits 4,433 4,630 41,089
Other 3,666 3,196 28,384
Total 53,732 34,725 308,174
Investments unquoted in active markets
Pooled funds (Equity securities) 40,690 29,647 263,107
Pooled funds (Bonds receivable) 69,875 62,220 552,183
General accounts of life insurance companies
(Note 1) 84,780 93,829 832,722
Alternative investments (Note 2) 12,729 36,183 321,112
Total 208,075 221,881 1,969,124