Abolition of the Executive Retirement Benefit System
First written in FY2020-Q1. 1 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
36 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「At a meeting of the Board of Directors held on 17 May 2019, the company resolved to abolish the retirement benefit system for directors and other officers upon conclusion of the 85th Ordinary General Meeting of Shareholders held on 24 June 2019. At the same shareholders' meeting, the termination payment of directors' retirement benefits was approved.」
The annual report confirms that the abolition of the company's retirement benefit system for directors and other officers and the termination payment were completed following shareholder approval. Certain subsidiaries continue the system. - FY2020-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 17 May 2019, the company resolved to abolish the retirement benefit system for directors and other officers upon conclusion of the Ordinary General Meeting of Shareholders held on 24 June 2019.」
The company continues to disclose the abolition of the retirement benefit system for directors and other officers and the accounting treatment for termination payments. Certain consolidated subsidiaries continue the system and related provisions. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 17 May 2019, the company resolved to abolish the retirement benefit system for directors and other officers upon conclusion of the Ordinary General Meeting of Shareholders held on 24 June 2019. At the same shareholders' meeting, the termination payment of directors' retirement benefits was approved. Accordingly, the company reversed its provision for retirement benefits for directors and other officers. The unpaid amount of ¥46 million related to the termination payment is recorded under "Other" in "Non-current liabilities" because it will be paid when each officer leaves office. Certain consolidated subsidiaries continue to record the amount payable under their internal rules for directors' retirement benefits in the provision for retirement benefits for directors and other officers.」
Following resolutions by the Board of Directors and approval at the Ordinary General Meeting of Shareholders, the company abolished its retirement benefit system for directors and other officers and recorded the unpaid amount of ¥46 million under Other non-current liabilities. Certain consolidated subsidiaries continue the system and related provisions.