Pension Plans (Tables)

9 Months Ended

Dec. 31, 2019

Net Pension Cost of Defined Benefit Plans

Net periodic pension cost for the nine months ended December 31, 2018 and 2019 consists of the following:

	Millions of yen
	Nine months ended December 31, 2018			Nine months ended December 31, 2019
Japanese plans:
Service cost	¥	4,144		¥	4,384
Interest cost		542			438
Expected return on plan assets		(2,042	)		(2,083	)
Amortization of prior service credit		(673	)		(615	)
Amortization of net actuarial loss		633			865
Amortization of transition obligation		0			0
Net periodic pension cost	¥	2,604		¥	2,989
	Millions of yen
	Nine months ended December 31, 2018			Nine months ended December 31, 2019
Overseas plans:
Service cost	¥	2,433		¥	2,649
Interest cost		1,484			1,275
Expected return on plan assets		(3,292	)		(3,242	)
Amortization of prior service credit		(134	)		(115	)
Amortization of net actuarial loss		59			368
Amortization of transition obligation		3			2
Net periodic pension cost	¥	553		¥	937

Net pension cost of the plans for the three months ended December 31, 2018 and 2019 consists of the following:

	Millions of yen
	Three months ended December 31, 2018			Three months ended December 31, 2019
Japanese plans:
Service cost	¥	1,382		¥	1,507
Interest cost		181			151
Expected return on plan assets		(680	)		(713	)
Amortization of prior service credit		(225	)		(210	)
Amortization of net actuarial loss		211			288
Amortization of transition obligation		0			0
Net periodic pension cost	¥	869		¥	1,023
	Millions of yen
	Three months ended December 31, 2018			Three months ended December 31, 2019
Overseas plans:
Service cost	¥	802		¥	883
Interest cost		491			426
Expected return on plan assets		(1,090	)		(1,101	)
Amortization of prior service credit		(44	)		(39	)
Amortization of net actuarial loss		20			113
Amortization of transition obligation		1			0
Net periodic pension cost	¥	180		¥	282

Note: The components of net periodic pension cost other than the service cost component are included in personnel expenses, which is included in selling, general and administrative expenses in the consolidated statements of income.