Company: TAK
Filing Date: 2025-06-25
Form Type: 20-F
Source: 0001395064-25-000095
Chunk: 259

Company: TAKEDA PHARMACEUTICAL CO LTD
Filing Date: 2025-06-25
Form: 20-F
Item: Item 19
Chunk 259
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 equivalent                                                                10,951                                                              11,070               
  Others                                                                                   1,541       24,736                                                  1,640       27,386  
  Total plan assets                            ¥                                         111,236      280,507      ¥                                         114,332      232,791  

Equities and bonds with no quoted prices in active markets include pooled funds that are primarily invested in listed securities on active markets. Life insurance company general accounts are accounts with guaranteed capital and minimum interest rate, in which life insurance companies manage funds on a pooled basis.

Changes in effect of asset ceiling for the periods presented are as follows:

                                          JPY (millions)                                       
                                          For the Year Ended March 31                          
                                          2024                                                 
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of the year        ¥                                41,311      63,422  
  Interest income                         549                                           1,059  
  Remeasurement                                                            21,561      14,237  
  Balance at end of the year              ¥                                63,422      78,717  

Defined Contribution Plans

The Company and some of the Company’s subsidiaries offer defined contribution benefit plans.

Benefits of defined contribution plans are linked to contributions paid, the performance of each participant’s chosen investments, and the form in which participants choose to redeem their benefits. Contributions made into these plans are generally paid into an independently administered fund.

Contributions payable by Takeda for these plans are charged to operating expenses. Takeda has no exposure to investment risks and other experience risks with regard to defined contribution plans.

The amount of defined contribution costs was JPY 46,446 60,521 52,692

Other Employee Benefit Expenses

Major employee benefit expenses other than retirement benefits for each fiscal year are as follows:

               JPY (millions)                                                                          
               For the Year Ended March 31                                                             
               2023                                          2024                   2025               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Salary       ¥                                573,080      ¥         688,316      ¥         701,775  
  Bonuses                                       133,792                161,821                174,576  
  Other                                         237,857                274,094                266,491  

The above table excludes severance and other personnel expenses related to restructuring, as detailed in Note 23