Pioneer 2016 Annual Report Download - page 41

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(3) The reconciliation between the liability recorded in the consolidated balance sheet and the balances of projected
benefit obligation and plan assets at March 31, 2016 and 2015, was as follows:
Millions of Yen
Thousands of
U.S. Dollars
2016 2015 2016
Funded projected benefit obligation ¥ 86,578 ¥ 85,935 $ 766,177
Plan assets (49,167) (56,186) (435,106)
37,411 29,749 331,071
Unfunded projected benefit obligation 782 1,335 6,920
Net liability for projected benefit obligation ¥ 38,193 ¥ 31,084 $ 337,991
Millions of Yen
Thousands of
U.S. Dollars
2016 2015 2016
Accrued pension and severance costs ¥39,108 ¥32,202 $346,088
Asset for retirement benefits (915) (1,118) (8,097)
Net liability for projected benefit obligation ¥38,193 ¥31,084 $337,991
Note: This table includes plans to which the simplified method is applied.
(4) The components of net periodic retirement benefit costs for the years ended March 31, 2016 and 2015, were
as follows:
Millions of Yen
Thousands of
U.S. Dollars
2016 2015 2016
Service cost ¥ 1,354 ¥ 2,318 $ 11,982
Interest cost 1,575 1,617 13,938
Expected return on plan assets (2,140) (2,118) (18,938)
Recognized actuarial losses 3,227 3,223 28,558
Amortization of prior service gain (867) (886) (7,673)
Amortization of transitional obligations for retirement benefits –181 –
Others –(72) –
Net periodic retirement benefit costs ¥ 3,149 ¥ 4,263 $ 27,867
(5) Amounts recognized in other comprehensive income (before income tax effect) in respect of defined retirement
benefit plans for the years ended March 31, 2016 and 2015, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2016 2015 2016
Prior service cost ¥ 883 ¥ 1,018 $ 7,814
Actuarial losses (gains) 6,535 (3,004) 57,832
Transitional obligation for retirement benefits –(182) –
Total ¥7,418 ¥(2,168) $65,646
Notes: 1. Net periodic retirement benefit costs for consolidated subsidiaries which apply the simplified method are included in
the service cost.
2. In addition to above, additional retirement benefit costs as an early retirement incentive plan was ¥1,067 million ($9,442
thousand) and ¥7,647 million, and these were recorded for the years ended March 31, 2016 and 2015, respectively.
39
Pioneer Corporation Annual Report 2016