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Toho Chemical Industry (4409) · InitiativeFirst stated

Abolition of the Executive Retirement Bonus System

First written in FY2018-Q1. . Latest entry: FY2018-Q1.

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Abolition of the Executive Retirement Bonus SystemA theme 84 companies write about · 1 as a headwind · 18 as a tailwind

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  1. FY2018-Q1First statedAnnual report

    「At the 80th annual general meeting of shareholders held on 22 June 2017, the company resolved to discontinue its directors' retirement benefit plan and make lump-sum payments of retirement benefits in connection with the discontinuation. Accordingly, the company reversed the entire provision for directors' retirement benefits and presented the unpaid portion of the lump-sum payments, ¥103 million, as long-term accounts payable included under “Other” in non-current liabilities.」

    At the 80th annual general meeting of shareholders, the company resolved to discontinue the directors' retirement benefit plan and make lump-sum payments, and reversed the entire provision for directors' retirement benefits. The unpaid portion of ¥103 million is presented as long-term accounts payable.
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