Abolition of the Retirement Benefit System for Directors and Corporate Officers
First written in FY2019-Q1. 8 of 10 entries say "Restated". Latest entry: FY2024-Q2.
26 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The background to and purpose of abolishing the directors' retirement bonus system and introducing BBT to link compensation to share value were restated. - FY2023-Q1RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The background to and purpose of abolishing the directors' retirement bonus system and introducing BBT to link compensation to share value continue to be disclosed. - FY2021RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of abolishing the directors' retirement bonus system and introducing BBT continue to be disclosed. - FY2021-Q2RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The background to and purpose of abolishing the directors' retirement bonus system and introducing BBT to link compensation to share value were restated. - FY2020RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The purpose and structure of abolishing the directors' retirement bonus system and introducing BBT were also confirmed in the annual report. - FY2020-Q2RestatedAnnual report
「Based on a resolution adopted at the 46th Annual General Meeting of Shareholders held on 26 June 2018, the Company abolished its directors' retirement bonus system and introduced the Stock Benefit Trust (BBT) (Board Benefit Trust; the “Plan”) to clarify the link between directors' compensation and the Company's share value, and to encourage directors to share with shareholders both the benefits of a rising share price and the risks of a falling share price, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
Additional information restated the background to and purpose of abolishing the directors' retirement bonus system and introducing BBT. - FY2019RestatedAnnual report
「Accordingly, the Company reversed the full amount of the directors' retirement bonus provision recorded under non-current liabilities, and the unpaid portion of the cutoff payment of ¥356.395 million is presented under Other non-current liabilities as long-term accounts payable.」
The reversal of the full provision following the abolition of the directors' retirement bonus system and the transfer of the unpaid portion of the cutoff payment to long-term accounts payable were also confirmed in the annual financial statements. - FY2019-Q3RestatedAnnual report
「Accordingly, the Company reversed the full amount of the directors' retirement bonus provision recorded under non-current liabilities, and the unpaid portion of the cutoff payment of ¥356.395 million is presented under Other non-current liabilities as long-term accounts payable.」
The reversal of the full provision following the abolition of the directors' retirement bonus system and the transfer of the unpaid portion of the cutoff payment to long-term accounts payable continue to be disclosed. - FY2019-Q2AchievedAnnual report
「Accordingly, the Company reversed the full amount of the directors' retirement bonus provision recorded under non-current liabilities, and the unpaid portion of the cutoff payment of ¥356.395 million is presented under Other non-current liabilities as long-term accounts payable.」
Following the abolition of the directors' retirement bonus system, the Company reversed the full amount of its provision and transferred the unpaid portion of the cutoff payment to long-term accounts payable. The accounting treatment for abolishing the system has been implemented. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 11 May 2018, the Company resolved to abolish its former directors' retirement bonus system effective upon the conclusion of the 46th Annual General Meeting of Shareholders held on 26 June 2018, and the payment of retirement bonuses to directors on a cutoff basis was approved at that meeting.」
Following approval by the Board of Directors and the General Meeting of Shareholders, the Company announced its policy of abolishing the former directors' retirement bonus system and making cutoff payments.