Recognition of a Special Contribution Payment as an Extraordinary Loss Following the Founder's Death
First written in FY2024-Q3. . Latest entry: FY2024.
3 other companies' latest entry also says "Other".
- FY2024Finalization of the amount recognized as an extraordinary loss for the special service awardAnnual report
「The Company's board of directors resolved to grant a special service award to Tanaka Yoshitake (田中 吉武), who died on 2 August 2023, in recognition of his contributions since the Company's founding and his service during his tenure, subject to approval at the annual general meeting of shareholders. Accordingly, the amount corresponding to the award has been recognized as an extraordinary loss.」
For the special service award to the founder, ¥56,621 thousand in provision for directors' retirement benefits was recognized as an extraordinary loss for the full year. - FY2024-Q3First statedAnnual report
「Quarterly net income was ¥335,845 thousand, up 12.3% year on year. Although a special service award for Tanaka Yoshitake (田中 吉武), the Company's founder and former Representative Director, Chairman and President, was recognized as an extraordinary loss following his death on 2 August 2023, income tax expenses decreased as a result of a reassessment of the recoverability of deferred tax assets related to the provision for directors' retirement benefits.」
Following the founder's death, a special service award for him was recognized as an extraordinary loss. The quarterly income statement disclosed ¥56,000 thousand in provision for directors' retirement benefits as an extraordinary loss.