Fujitsu 2012 Annual Report Download - page 129

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The majority of the consolidated subsidiaries outside Japan have defined benefit plans and/or defined contribution plans covering
substantially all their employees. The major defined benefit pension plans provided outside Japan are the plans that Fujitsu Services
Holdings PLC (including its consolidated subsidiaries, “FS”) and Fujitsu Technology Solutions B.V. (including its consolidated subsidiaries)
provide. The plan provided by FS entitles employees payments based on their length of service and salary. The defined benefit section of
the plan was closed to new entrants for the year ended March 31, 2001. New employees are, however, eligible for membership of the
defined contribution section of the plan. For the year ended March 31, 2011, FS started to switch future accrual of benefits relevant to
the employees participating in the defined benefit section of the plan to the defined contribution section of the plan, and completed in
the year ended March 31, 2012.
The balances of the “Projected benefit obligation and plan assets” and the “Components of net periodic benefit cost” in the plans in
both Japan and outside Japan are summarized as follows:
<In Japan>
Projected benefit obligation and plan assets
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2011 2012 2012
Projected benefit obligation ¥(1,280,145) ¥(1,299,513) $(15,847,720)
Plan assets 905,592 943,936 11,511,415
Projected benefit obligation in excess of plan assets (374,553) (355,577) (4,336,305)
Unrecognized actuarial loss 398,681 357,527 4,360,085
Unrecognized prior service cost (reduced obligation) (83,413) (65,518) (799,000)
Prepaid pension cost (55,194) (52,308) (637,902)
Accrued retirement benefits ¥ (114,479) ¥ (115,876) $ (1,413,122)
As a result of pension revisions, unrecognized prior service cost (reduced obligation) occurred for the year ended March 31, 2006 in
Fujitsu Corporate Pension Fund in which the Company and certain consolidated subsidiaries in Japan participate.
Components of net periodic benefit cost
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2011 2012 2012
Service cost ¥ 38,931 ¥ 40,110 $ 489,146
Interest cost 31,550 31,795 387,744
Expected return on plan assets (26,651) (26,557) (323,866)
Amortization of unrecognized obligation for retirement benefits:
Amortization of actuarial loss 37,355 41,999 512,183
Amortization of prior service cost (18,633) (18,630) (227,195)
Others*1353 501 6,110
Net periodic benefit cost 62,905 69,218 844,122
Loss (gain) on termination of retirement benefit plan 1,266 895 10,915
Total ¥ 64,171 ¥ 70,113 $ 855,037
*1 Contribution for defined contribution plans.
In addition to the net periodic benefit cost stated above, extra retirement benefits of ¥1,279 million and ¥6,961 million ($84,890
thousand) were paid for the years ended March 31, 2011 and 2012, respectively.
127
FUJITSU LIMITED ANNUAL REPORT 2012
Facts & Figures