Integrated Report 2020

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(5) Remeasurements of defined benefit plans recorded in other comprehensive incomeBreakdown of items (before tax effect) recorded in other comprehensive income of remeasurements of defined benefit plans are as follows:Millions of yen Thousands ofU.S. dollars202020192020Prior service cost¥ 52¥1,049$  486Actuarial losses (gains)823(127)7,563Total¥876¥  921$8,049(6) Remeasurements of defined benefit plans recorded in accumulated other comprehensive incomeBreakdown of items (before tax effect) recorded in accumulated other comprehensive income of remeasurements of defined benefit plans are as follows:Millions of yen Thousands ofU.S. dollars202020192020Unrecognized prior service cost¥  834¥  782$ 7,672Unrecognized actuarial losses (gains)5,5134,69050,661Total¥6,348¥5,472$58,333(7) Items related to plan assets1.Breakdown of major items The fair value of plan assets, by major category, as a percentage of total plan assets as of March 31, 2020 and 2019 was as follows:20202019Bonds65.4%67.4%Stocks 15.1%16.7%Alternatives8.6%6.7%Cash and deposits7.7%4.3%Other3.2%4.9%Total100.0%100.0%Note: Alternatives are mainly investments on hedge funds.2.Method for determining the expected long-term rate of return on plan assets In determining the expected long-term rate of return on plan assets, estimates are considered based on the current and expected allocation of plan assets and the current and expected long-term rate of return from the various assets comprising the plan assets.(8) Major actuarial assumptions as of March 31, 2020 and 2019 were as follows:20202019Discount rateMainly 0.5%Mainly 0.5%Expected long-term rate of return on plan assetsMainly 3.5%Mainly 3.5%Expected salary increase rateMainly 2.2%Mainly 2.2%2. Defined contribution plansSome of the consolidated subsidiaries contributed ¥323 million (U.S.$2,975 thousand) and ¥266 million, for the years ended March 31, 2020 and 2019 to the defined contribution plans, respectively.LINTEC Integrated Report 2020Financial Information88