Abolition of the directors’ retirement bonus system
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
27 other companies' latest entry also says "Achieved".
- FY2021-Q3AchievedAnnual report
「At the Annual General Meeting of Shareholders held on 25 June 2020, the Company resolved to make lump-sum retirement bonus payments in connection with the abolition of the directors' retirement bonus plan. Accordingly, the entire provision for directors' retirement bonuses was reversed, and the total lump-sum payment of ¥704 million is presented under “Other” in “Non-current liabilities.”」
The directors' retirement bonus plan was abolished pursuant to the resolution of the Annual General Meeting of Shareholders held on 25 June 2020, the entire provision was reversed, and the total lump-sum payment of ¥704 million was recorded. - FY2020First statedAnnual report
「The Company will abolish the directors' retirement bonus plan upon the conclusion of this General Meeting of Shareholders. Accordingly, directors who remain in office after the conclusion of this General Meeting of Shareholders will receive a lump-sum retirement bonus covering their period of service up to the conclusion of the meeting.」
The plan was abolished upon the conclusion of the Annual General Meeting of Shareholders held on 25 June 2020, and the total lump-sum retirement bonus payment of ¥704 million was disclosed.