Recognition of Provision for Directors' Retirement Benefits
First written in FY2019-Q2. 1 of 2 entries say "Dropped", first in FY2019-Q3. Latest entry: FY2019-Q3.
0 other companies' latest entry also says "Dropped".
- FY2019-Q3DroppedAnnual report
「At a meeting of its board of directors held on 26 July 2019, the subsidiary 株式会社東日本不動産 resolved to abolish its retirement allowance system for directors and corporate officers at the close of the extraordinary general meeting of shareholders held on 9 August 2019. At that extraordinary general meeting of shareholders, it was resolved that retirement allowances corresponding to the period of service up to the abolition of the system would be paid in a lump sum to the 4 eligible directors, in accordance with the company’s prescribed standards and within a reasonable amount.」
東日本不動産’s retirement allowance system for directors and corporate officers was explicitly abolished, and the provision for such allowances was reversed. The unpaid amount of ¥20.988 million arising from the abolition of the system was presented as accounts payable. - FY2019-Q2First statedAnnual report
「To provide for payments of retirement allowances to directors and corporate officers, the Company records the estimated amount of the provision for retirement allowances for directors and corporate officers that is deemed to have arisen by the end of the second-quarter consolidated accounting period.」
The method for recording the provision for directors’ and corporate officers’ retirement allowances was described as a new accounting treatment accompanying the consolidation of 東日本不動産 as a subsidiary.