Originally Posted by NYC2SGN

If I buy a round trip, fully flexible (fully refundable) ticket, what happens after I've flown the outbound but need to cancel/refund the return? I've tried to look at the fare rules (ULA0TDYU). This is the part on cancellations:
On ANA's refunds section (for my applicable fare class and route), it says

Does all this mean, if I cancel and request a refund for the return portion, my original ticket will be repriced to a one way, and any difference in fare between the original round trip and new one way is the amount that will be refunded to me?