Abolition of the Directors' Retirement Benefit System
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
27 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「At the 45th Annual General Meeting of Shareholders held on 26 September 2024, the company resolved, as part of a review of its executive compensation structure, to make a final payment upon abolishing the executive retirement benefit system, with payment to be made when each executive retires. Accordingly, the company reversed its provision for executive retirement benefits and presented the unpaid amount of ¥195,861 thousand arising from the final payment under other non-current liabilities.」
The company resolved at the shareholders’ meeting on 26 September 2024 to abolish the executive retirement benefit system, reversed the provision and reclassified it to an unpaid amount of ¥195,861 thousand. The procedures for abolishing the system have been completed. - FY2024First statedAnnual report
「At a board meeting held on 21 August 2024, the company resolved to abolish the executive retirement benefit system upon the conclusion of the 45th Annual General Meeting of Shareholders scheduled for 26 September 2024. At that shareholders’ meeting, it also resolved that retirement benefits corresponding to the period of service through the abolition of the system would be paid upon retirement to each eligible director who remained in office.」
The company disclosed for the first time its policy of abolishing the executive retirement benefit system upon the conclusion of the Annual General Meeting of Shareholders on 26 September 2024 and paying, upon retirement, the amounts corresponding to each executive’s period of service through the abolition of the system.