Company: TAK
Filing Date: 2025-06-25
Form Type: 20-F
Source: 0001395064-25-000095
Chunk: 256

Company: TAKEDA PHARMACEUTICAL CO LTD
Filing Date: 2025-06-25
Form: 20-F
Item: Item 19
Chunk 256
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──────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Derivative liabilities (Note 27)                                                           ¥                    25,108       16,528  
  Lease liabilities (Note 27)                                                                                    619,639      573,325  
  Financial liabilities associated with programs to sell certain receivables                                      79,062       67,223  
  Financial liabilities associated with contingent consideration arrangements (Note 27)                            7,772        4,362  
  Other                                                                                                           99,673      108,582  
  Total                                                                                      ¥                   831,254      770,020  
  Non-current                                                                                ¥                   687,833      550,900  
  Current                                                                                    ¥                   143,421      219,120  

“ Other” mainly includes deposits related to certain vaccines operations.

22. Employee Benefits

Defined Benefit Plans

The Company and some of its subsidiaries have various defined benefit plans such as lump-sum retirement payments plans and defined benefit pension plans, which define the amount of benefits that an employee will receive on or after retirement, usually based on one or more factors, such as age, years of employment, compensation, classes, and service.

The Company’s defined benefit plans are the most significant plans among Takeda’s defined benefit obligations and plan assets.

Defined benefit pension plans

Japan

The Company’s corporate defined benefit pension plan in Japan is a funded defined benefit pension plan, which is regulated by the Defined-Benefit Corporate Pension Act, one of the Japanese pension laws. Benefits are paid in exchange for services rendered by employees who worked for more than a specified period, typically three years

The Company’s pension fund (the “ Fund”) is an independent entity established in accordance with the Japanese pension laws, and Takeda has an obligation to make contributions. The Director(s) of the Fund has the fiduciary duty to comply with laws; the directives by the Minister of Health, Labour and Welfare, and the Director-Generals of Regional Bureaus of Health and Welfare made pursuant to those laws; and the by-laws of the Fund and the decisions made by the Board of Representatives of the Fund. Contributions are also regularly reviewed and adjusted as necessary to the extent permitted by laws and regulations.

Foreign

Other types of defined benefit pension plans operated by Takeda are generally established and operated in the same manner as described above and in accordance with local laws and regulations where applicable.

The present value of the defined benefit obligation is calculated annually