Special Service Payment upon Founder’s Departure
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
5 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「Founder's long-service honorarium - 500,000」
The ¥500 million founder's long-service honorarium was also confirmed in the full-year financial statements as having been recorded as an extraordinary loss for the current consolidated fiscal year. - FY2017-Q3RestatedAnnual report
「Founder's long-service honorarium - 500,000」
The ¥500 million founder's long-service honorarium continued to be recorded as an extraordinary loss in the cumulative third-quarter consolidated period. - FY2017-Q2AchievedAnnual report
「On the cost side, profit margins declined and profit decreased year on year due to higher raw material costs, increased staffing in preparation for the future expansion of the hotel and restaurant businesses, the burden of opening costs for new locations, and the recognition of extraordinary losses, including a payment for the founder's services.」
The previously planned founder's long-service honorarium of ¥500 million was recorded as an extraordinary loss in the cumulative second-quarter results. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 22 July 2016, the Company resolved to pay a ¥500 million founder's long-service honorarium to Hiramatsu Hirotoshi (平松 博利), who retired at the conclusion of the 34th Annual General Meeting of Shareholders held on 24 June 2016, in recognition of his service during his tenure. The Company plans to record the equivalent amount as an extraordinary loss in its financial results for the second quarter of the fiscal year ending March 2017. This matter is subject to approval at the Company's extraordinary general meeting of shareholders, scheduled for 5 September 2016.」
The Company resolved to pay a ¥500 million long-service honorarium to the founder upon his retirement and plans to record it as an extraordinary loss in the second quarter, subject to approval at an extraordinary general meeting of shareholders.