Komori
Chimney (3178) · InitiativeAdvanced

Workforce right-sizing in line with business scale through voluntary retirement

First written in FY2021-Q1. 3 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.

4entries
2years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021-Q1AdvancedFY2021-Q2 – FY20212020: 220202021: 22021
Same theme, other companies
Workforce right-sizing through early retirementA theme 46 companies write about · 6 as a headwind · 40 as a tailwind

22 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 46 companies compared. The sentences above are computed from all 46.
Full recordFilings, disclosures and news, newest first
  1. FY2021AdvancedAnnual report

    「Although the number of employees decreased by 350 from the end of the previous consolidated fiscal year, this was mainly due to the voluntary retirement program at the Company and a substantial reduction in hiring, despite a slight increase in employees leaving for personal reasons. The number of temporary employees also decreased by 2,131.」

    Following the voluntary retirement program and restrictions on hiring, group employees totaled 752, down 350 from the end of the previous fiscal year, while temporary employees totaled 804, down 2,131.
  2. FY2021-Q3AdvancedAnnual report

    「During the cumulative third-quarter consolidated period, primarily as a result of the voluntary retirement program implemented at the Company, the Group's number of employees decreased by 320 from the end of the previous consolidated fiscal year to 782. During the cumulative third-quarter period, primarily as a result of the same program, the Company's number of employees decreased by 315 from the end of the previous fiscal year to 698.」

    Following the voluntary retirement program, group employees totaled 782, down 320 from the end of the previous fiscal year, while company employees totaled 698, down 315, quantifying the results of workforce optimisation.
  3. FY2021-Q2AdvancedAnnual report

    「Early retirement premiums are special retirement payments and other amounts associated with voluntary early retirement.」

    Regarding the voluntary retirement program resolved on in the previous quarter, the Group recorded ¥144.94 million as an extraordinary loss for special retirement payments and other amounts associated with voluntary early retirement, and accounting for the program is progressing.
  4. FY2021-Q1First statedAnnual report

    「Amid a major transformation of the Company, we are pursuing the strengthening of future earnings power and cash flow generation and accelerating the conversion to new formats that cater to demand for meals. Having determined that it was necessary to strengthen the Company's structure and optimize staffing to match the scale of the business, measured by the number of stores, we resolved to solicit applications for voluntary retirement. Eligible employees: permanent employees currently employed, excluding employees in the contract business (971 permanent employees as of 31 July 2020); number of positions: approximately 100; application period: 13 August 2020 to 26 August 2020; retirement date: 30 September 2020.」

    Against a backdrop of efforts to strengthen earnings power and cash flow generation and accelerate conversion to new store formats, the Company resolved to solicit applications for voluntary retirement from approximately 100 of its 971 permanent employees, with retirement on 30 September 2020.
Moved together

"Planned Store Openings and Renovations and Format Conversions at Approximately 50 Stores Annually" moved the same way as this thread, in the same document, in 3 of its 4 moves.

32★12
  1. ★This thread
  2. 1Planned Store Openings and Renovations and Format Conversions at Approximately 50 Stores Annually3×
  3. 2Securing Working Capital Funding Capacity through Overdraft Agreements2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Chimney yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.