Voluntary Early Retirement Program in Connection with Structural Reform
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2022.
9 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「In the previous consolidated fiscal year, the company recorded estimated losses for employee termination benefits and other costs expected to arise in connection with business structural reforms, but the initiatives related to the business structural reforms were completed in the current consolidated fiscal year.」
The initiatives associated with voluntary retirement and other measures under the new structural reforms were completed, and special additional payments for voluntary retirement were zero in the current fiscal year. - FY2021AdvancedAnnual report
「In the current consolidated fiscal year, the amount recognized by the company as employee termination benefits (special additional payments) associated with the voluntary retirement program was as follows.」
In connection with the 2 structural reforms announced on 5 August 2020 and 3 February 2021, the company recognized ¥2.017 billion in special additional payments for voluntary retirement. - FY2021-Q3AdvancedAnnual report
「To improve operational efficiency and reduce fixed costs across the Group, while reflecting the discontinuation, integration and consolidation of brands, the company will invite approximately 100 employees of the 2 Group companies involved in these structural reforms to apply for voluntary retirement.」
Following the recruitment of approximately 200 employees announced in FY2021-Q1, the company decided to recruit approximately 100 employees for voluntary retirement at 2 companies as an additional structural reform. The application period was set from 9 March 2021 to 19 March 2021, and the retirement date was set as 20 April 2021, among other dates. - FY2021-Q2AdvancedAnnual report
「In addition, due to the discontinuation, integration and consolidation of brands and the withdrawal from low-profit stores as part of the structural reforms, the company recorded impairment losses associated with store closures, impairment losses on goodwill related to brand discontinuations, losses on the disposal of merchandise, and special additional payments and other costs arising from the voluntary retirement program under other expenses, resulting in losses from core operating profit downward.」
Special additional payments and other costs associated with the voluntary retirement program were recorded as structural reform costs. These costs included ¥1.686 billion in estimated payments for employee termination benefits and other items. - FY2021-Q1AdvancedAnnual report
「To improve operational efficiency and reduce fixed costs across the Group, while reflecting the discontinuation, integration and consolidation of brands, the company will invite approximately 200 employees aged 40 or older, excluding store employees, to apply for voluntary retirement, including employees of several other brands and other business segments.」
In addition to the voluntary retirement program implemented as part of past structural reforms, the company decided to recruit approximately 200 employees for voluntary retirement in response to the impact of COVID-19. The application period was set from 14 September 2020 to 30 September 2020, and the retirement date was set as 20 November 2020, among other dates. - FY2017AchievedAnnual report
「As part of its medium-term management plan for the fiscal years ending March 2016 through March 2018, the Group implemented a voluntary retirement program associated with structural reforms during the previous consolidated fiscal year.」
The company expressly stated that the voluntary retirement program was implemented in the previous consolidated fiscal year, and no special additional payments for voluntary retirement were recorded in the current consolidated fiscal year. - FY2016First statedAnnual report
「As part of the medium-term management plan covering the fiscal years ended March 2016 through March 2018, our Group implemented a voluntary retirement program as part of structural reform during the current consolidated fiscal period.」
The special additional payments associated with voluntary retirement amounted to ¥3,089 million, and the consolidated employee count was 12,496.