Corrective recommendations on overtime work and other matters, and risk of additional costs
First written in FY2018-Q2. 2 of 3 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2018.
Saylor Advertising moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Materialised".
- FY2018MaterialisedAnnual report
「We have taken this recommendation seriously and decided to pay a settlement amount to our employees in order to improve our operations and make them more appropriate and reliable. As a result, we recorded ¥37.376 million in special losses as settlement payments and related expenses during the current consolidated fiscal year.」
The company paid settlement money to employees in response to a corrective recommendation concerning overtime work and recorded ¥37.376 million as an extraordinary loss. - FY2018-Q3MaterialisedAnnual report
「We have taken this recommendation seriously and decided to pay a settlement amount to our employees in order to improve our operations and make them more appropriate and reliable. As a result, we recorded ¥37.245 million in special losses as settlement payments and related expenses during the cumulative third quarter of the current consolidated fiscal year.」
The company paid settlement money to employees in response to a corrective recommendation concerning overtime work and recorded ¥37.245 million as an extraordinary loss. The possibility of additional costs materialized as an actual expense. - FY2018-Q2First statedAnnual report
「On 6 September 2017, the Company received a corrective recommendation from the Takamatsu Labor Standards Inspection Office concerning overtime work and related matters. It is currently reviewing the recommendation and investigating the actual situation. As of the end of the second quarter of the consolidated fiscal year, it was difficult to reasonably estimate any additional burden for overtime pay because negotiations between labor and management remained ahead, and the impact of the related obligation on the Group’s operating results and financial position was unclear.」
The company disclosed for the first time that it had received a corrective recommendation from the Takamatsu Labor Standards Inspection Office. Although the possibility of additional overtime pay and other costs was indicated, a reasonable estimate was difficult as of the end of the quarter, and the amount of the impact was unclear.