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<Outside Japan>
FS adopted International Financial Reporting Standards (“IFRS”) for the year ended March 31, 2006, and accounts for retirement benefits
in accordance with IAS 19 “Employee Benefits.” For this change in accounting principles and practices, FS adopted IFRS 1 “First-time
Adoption of International Financial Reporting Standards,” and recognized the projected benefit obligation in excess of plan assets as of
the beginning of the year ended March 31, 2005. For the year ended March 31, 2009, other subsidiaries outside Japan applied IAS19 in
accordance with adoption of IFRS. They recognized actuarial gain or loss over future periods after the adoption of IFRS 1 and applied the
“corridor approach” to amortization of actuarial gain and loss.
Projected benefit obligation and plan assets
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2010 2011 2011
Projected benefit obligation ¥(592,144) ¥(534,999) $(6,445,771)
Plan assets 390,251 395,927 4,770,205
Projected benefit obligation in excess of plan assets (201,893) (139,072) (1,675,566)
Unrecognized actuarial loss 110,060 74,321 895,434
Prepaid pension cost (57) (2,342) (28,217)
Accrued retirement benefits ¥ (91,890) ¥ (67,093) $ (808,349)
Components of net periodic benefit cost
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2010 2011 2011
Service cost ¥ 8,396 ¥ 8,044 $ 96,916
Interest cost 28,786 29,781 358,807
Expected return on plan assets (24,803) (26,003) (313,289)
Amortization of the unrecognized obligation for retirement benefit:
Amortization of actuarial gain and loss (151) 5,838 70,337
Amortization of prior service cost*1—(13,322) (160,506)
Others*27,557 9,774 117,759
Net periodic benefit cost 19,785 14,112 170,024
Loss (gain) on termination of retirement benefit plan (2) 112 1,349
Total ¥ 19,783 ¥ 14,224 $ 171,373
*1 As a result of pension revisions, mainly in FS, the negative prior service cost has been recognized immediately. The majority of this credit arises from offering an
option whereby future variable increases in line with the fluctuation in prices may be exchanged for a one-off uplift in payments.
*2 Contribution for defined contribution plans.
Assumptions used in accounting for the plans
At March 31 2010 2011
Discount rate Mainly 5.6% Mainly 5.6%
Expected rate of return on plan assets Mainly 7.8% Mainly 7.2%
Method of allocating actuarial loss Straight-line method over the employees’
average remaining service period
Straight-line method over the employees’
average remaining service period
115FUJITSU LIMITED ANNUAL REPORT 2011
FACTS & FIGURES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS