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Employee benefit plans (Tables)
12 Months Ended
Mar. 31, 2020
Employee Benefit Plans [Abstract]  
Net periodic benefit cost for defined benefit plans
                         
 
Millions of yen
 
 
Year ended March 31
 
 
2018
 
 
2019
 
 
2020
 
Service cost
  ¥
9,565
    ¥
11,270
    ¥
12,079
 
Interest cost
   
2,258
     
2,180
     
1,766
 
Expected return on plan assets
   
(6,066
)    
(6,068
)    
(6,038
)
Amortization of net actuarial losses
   
2,979
     
3,831
     
5,654
 
Amortization of prior service cost
   
(1,061
)    
(1,059
)    
(1,137
)
                         
Net periodic benefit cost
  ¥
7,675
    ¥
10,154
    ¥
12,324
 
                         
 
 
 
 
Reconciliation of changes in projected benefit obligation and fair value of plan assets
                 
 
Millions of yen
 
 
As of or for the year
ended March 31
 
 
2019
 
 
2020
 
Change in projected benefit obligation:
 
 
 
 
 
 
Projected benefit obligation at beginning of year
  ¥
287,983
    ¥
315,423
 
Service cost
   
11,270
     
12,079
 
Interest cost
   
2,180
     
1,766
 
Actuarial gain
   
25,855
     
(5,642
)
Benefits paid
   
(11,953
)    
(13,301
)
Amendments of pension benefit plans
   
—  
     
(6,818
)
Acquisition, divestitures and other
   
88
     
16
 
                 
Projected benefit obligation at end of year
  ¥
315,423
    ¥
303,523
 
                 
Change in plan assets:
 
 
 
 
 
 
Fair value of plan assets at beginning of year
  ¥
234,050
    ¥
232,885
 
Actual return on plan assets
   
3,574
     
(2,934
)
Employer contributions
   
4,484
     
5,584
 
Benefits paid
   
(9,223
)    
(9,791
)
                 
Fair value of plan assets at end of year
  ¥
232,885
    ¥
225,744
 
                 
Funded status at end of year
   
(82,538
)    
(77,779
)
                 
Amounts recognized in the consolidated balance sheets
  ¥
(82,538
)   ¥
(77,779
)
                 
 
 
 
 
Projected benefit obligation, accumulated benefit obligation and fair value of plan assets for pension plans with ABO and PBO in excess of plan assets
 
Millions of yen
 
 
March 31
 
 
2019
 
 
2020
 
Plans with ABO in excess of plan assets:
 
 
 
 
 
 
PBO
  ¥
82,538
    ¥
77,779
 
ABO
   
82,538
     
77,779
 
Fair value of plan assets
   
—  
     
—  
 
Plans with PBO in excess of plan assets:
 
 
 
 
 
 
PBO
  ¥
82,538
    ¥
77,779
 
ABO
   
82,538
     
77,779
 
Fair value of plan assets
   
—  
     
—  
 
Amounts in accumulated other comprehensive income, pre-tax, that have not yet been recognized as components of net periodic benefit cost
 
Millions of yen
 
 
For the year ended
March 31, 2020
 
Net actuarial loss
  ¥
107,098
 
Net prior service cost
   
(11,281
)
         
Total
  ¥
95,817
 
         
Amounts in accumulated other comprehensive income, pre-tax, expected to be recognized as components of net periodic benefit cost over next fiscal year
 
Millions of yen
 
 
For the year ending
March 31, 2021
 
Net actuarial loss
  ¥
5,486
 
Net prior service cost
   
(1,601
)
         
Total
  ¥
3,885
 
         
Schedule of weighted-average assumptions used to determine PBO
 
March 31
 
 
2019
 
 
2020
 
Discount rate
   
0.6
%    
0.6
%
Rate of increase in compensation levels
   
1.6
%    
0.3
%
Weighted-average assumptions used to determine net periodic benefit costs
 
Year ended March 31
 
 
2018
 
 
2019
 
 
2020
 
Discount rate
   
0.9
%    
0.8
%    
0.6
%
Rate of increase in compensation levels
   
2.5
%    
1.7
%    
1.6
%
Expected long-term rate of return on plan assets
   
2.6
%    
2.6
%    
2.6
%
Information about plan assets at fair value
 
Millions of yen
 
 
March 31, 2019
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Balance as of
March 31,
2019
 
Pension plan assets:
   
     
     
     
 
Equities
  ¥
21,991
    ¥
—  
    ¥
—  
    ¥
21,991
 
Private equity and pooled investments
(1)
   
—  
     
9,145
     
3,823
     
12,968
 
Japanese government securities
   
25,980
     
—  
     
—  
     
25,980
 
Foreign government, agency and municipal securities
   
—  
     
22
     
—  
     
22
 
Bank and corporate debt securities
   
2,566
     
2,082
     
—  
     
4,648
 
Investment trust funds and other
(2)(3)
   
—  
     
6,070
     
50,560
     
56,630
 
Life insurance company general accounts
   
—  
     
64,437
     
—  
     
64,437
 
Other assets
   
—  
     
39,748
     
—  
     
39,748
 
                                 
Total
  ¥
50,537
    ¥
121,504
    ¥
54,383
    ¥
226,424
 
                                 
       
 
Millions of yen
 
 
March 31, 2020
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Balance as of
March 31,
2020
 
Pension plan assets:
   
     
     
     
 
Equities
  ¥
—  
    ¥
—  
    ¥
—  
    ¥
—  
 
Private equity and pooled investments
(1)
   
—  
     
1,901
     
23,465
     
25,366
 
Japanese government securities
   
23,464
     
—  
     
—  
     
23,464
 
Foreign government, agency and municipal securities
   
—  
     
—  
     
—  
     
—  
 
Bank and corporate debt securities
   
—  
     
—  
     
—  
     
—  
 
Investment trust funds and other
(2)(3)
   
—  
     
22,027
     
41,616
     
63,643
 
Life insurance company general accounts
   
—  
     
66,363
     
—  
     
66,363
 
Other assets
   
—  
     
40,508
     
—  
     
40,508
 
                                 
Total
  ¥
23,464
    ¥
130,799
    ¥
65,081
    ¥
219,344
 
                                 
 
(1)
Includes corporate type equity investments.
(2)
Includes mainly debt investment funds. Hedge funds and real estate funds are also included.
(
3
)
Certain assets that are measured at fair value using net asset value per share as a practical expedient have not been classified in the fair value hierarchy. As of March 31,
2019
and March 31,
2020
, the fair values of these assets were ¥6,462 million and ¥6,401 million, respectively.
Information about plan assets for which Level 3 inputs are utilized to determine fair value
 
Millions of yen
 
 
Year ended March 31, 2019
   
 
 
Balance
as of
April 1,
2018
 
 
Unrealized
and realized
gains / loss
 
 
Purchases /
sales and
other
settlement
 
 
Balance
as of
March 31,
2019
 
Private equity and pooled investments
  ¥
3,639
    ¥
(349
)   ¥
533
    ¥
3,823
 
Investment trust funds and other
   
48,088
     
937
     
1,535
     
50,560
 
                                 
Total
  ¥
51,727
    ¥
588
    ¥
2,068
    ¥
54,383
 
                                 
       
 
Millions of yen
 
 
Year ended March 31, 2020
   
 
 
Balance
as of
April 1,
2019
 
 
Unrealized
and realized
gains / loss
 
 
Purchases /
sales and
other
settlement
 
 
Balance
as of
March 31,
2020
 
Private equity and pooled investments
  ¥
3,823
    ¥
(4,403
)   ¥
24,045
    ¥
23,465
 
Investment trust funds and other
   
50,560
     
(3,262
)    
(5,682
)    
41,616
 
                                 
Total
  ¥
54,383
    ¥
(7,665
)   ¥
18,363
    ¥
65,081
 
                                 
Expected benefit payments
Year ending March 31
 
Millions of yen
 
2021
  ¥
13,167
 
2022
   
12,231
 
2023
   
12,733
 
2024
   
13,276
 
2025
   
14,049
 
2026-2030
   
63,956