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53 ANNUAL REPORT 2007
The accumulated benefit obligations are as follows:
Thousands of
Millions of Yen U.S. Dollars
2006
2007 2007
Accumulated benefit obligations ¥354,060
¥376,203 $3,188,161
Weighted-average assumptions used to determine benefit obligations at March 31, 2006 and 2007 are as follows:
2006
2007
Discount rate 2.8%
3.1%
Rate of compensation increase 5.4%
5.3%
Weighted-average assumptions used to determine the net periodic benefit cost for the years ended March 31, 2005, 2006 and 2007 are as follows:
2005 2006
2007
Discount rate 2.9% 3.0%
2.8%
Rate of compensation increase 5.3% 5.0%
5.4%
Expected long-term return on plan assets 2.9% 3.2%
3.1%
The net periodic benefit costs of the pension plans for the years ended March 31, 2005, 2006 and 2007 consisted of the following components:
Thousands of
Millions of Yen U.S. Dollars
2005 2006
2007 2007
Service cost ¥14,762 ¥14,691
¥15,687 $132,941
Interest cost 9,218 10,192
11,121 94,246
Expected return on plan assets (6,571) (7,645)
(9,186) (77,847)
Net amortization 1,648 1,833
(1,420) (12,034)
Settlement benefit (980) (140)
(18) (153)
Total net periodic pension cost ¥18,077 ¥18,931
¥16,184 $137,153
The projected benefit obligations and the fair value of plan assets for the
pension plans with projected benefit obligations in excess of plan assets,
and the accumulated benefit obligations and the fair value of plan
assets for the pension plans with accumulated benefit obligations in
excess of plan assets are as follows:
Thousands of
Millions of Yen U.S. Dollars
2006
2007 2007
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligations ¥222,095
¥240,593 $2,038,924
Fair value of plan assets 129,327
150,746 1,277,508
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligations ¥190,144
¥221,023 $1,873,076
Fair value of plan assets 118,214
145,278 1,231,169
Ricoh’s benefit plan asset allocation at March 31, 2006 and 2007 were as follows:
2006
2007
Equity securities 51.7%
51.5%
Debt securities 21.1%
17.0%
Life insurance company general accounts 20.5%
24.2%
Other 6.7%
7.3%%
Total 100.0%
100.0%