Casio 2015 Annual Report Download - page 36

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4235
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
Notes to Consolidated Financial Statements
5) Retirement benefit expenses
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Service cost ............................................................................... ¥ 1,582 ¥ 1,640 $ 13,183
Interest cost ............................................................................... 949 938 7,908
Expected return on pension plan assets ...................................... (1,896) (1,711) (15,800)
Amortization of actuarial differences ............................................ 1,500 1,915 12,500
Amortization of prior service costs ............................................... (1,867) (1,884) (15,558)
Others........................................................................................ (394) 231 (3,283)
Retirement benefit expenses ....................................................... ¥ (126) ¥ 1,129 $ (1,050)
6) Remeasurements of defined benefit plans (before income tax effects)
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Actuarial differences ................................................................... ¥ 4,247 ¥— $ 35,391
Prior service costs ...................................................................... (1,867) —(15,558)
Total........................................................................................... ¥ 2,380 ¥— $ 19,833
7) Accumulated remeasurements for retirement benefit (before income tax effects)
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Unrecognized actuarial differences .............................................. ¥ 2,858 ¥ 7,105 $ 23,817
Unrecognized prior service costs................................................. (13,445) (15,312) (112,042)
Total........................................................................................... ¥(10,587) ¥ (8,207) $ (88,225)
8) Pension plan assets
(i) Pension plan assets comprise:
2015 2014
Equity securities ................................................................................................. 58% 55%
Debt securities ................................................................................................... 15% 13%
General account ................................................................................................. 19% 22%
Others................................................................................................................ 8% 10%
Total................................................................................................................... 100% 100%
(Note): The employee retirement benefit trust set up for corporate pension plans represents 15% of total pension assets as of March 31, 2015 and 2014.
(ii) Long-term expected rate of return
Current and target asset allocations, current and expected returns on various categories of pension plan
assets have been considered in determining the long-term expected rate of return.
9) Actuarial assumptions
The principal actuarial assumptions at the end of the period follow:
2015 2014
Discount rate ...................................................................................................... mainly 0.8% mainly 1.7%
Long-term expected rate of return ....................................................................... mainly 3.0% mainly 3.0%
(2) Defined contribution plan
At March 31, 2015 and 2014, the required contributions to the defined contribution plans of the Company and
its consolidated subsidiaries were ¥1,054 million ($8,783 thousand) and ¥1,004 million, respectively.