Abolition of the directors’ retirement bonus system
First written in FY2018-Q2. 1 of 3 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2021.
Charm Care moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「At the Annual General Meeting of Shareholders held on 28 September 2021, the Company resolved to introduce a restricted stock compensation plan. At the same meeting, it abolished the stock-based compensation stock option plan.」
The Company stated its policy of changing the method of director compensation from the existing stock option plan to a restricted stock compensation plan. - FY2019RestatedAnnual report
「Separately from the above, at the 33rd Annual General Meeting of Shareholders held on 26 September 2017, approval was obtained to issue subscription rights to shares to directors other than outside directors as stock-based compensation stock options in connection with the abolition of the directors' retirement benefit system, up to an annual amount of ¥20 million.」
The Company continues to disclose its compensation policy using stock-based compensation stock options following the abolition of the directors' retirement benefit system. - FY2018-Q2AchievedAnnual report
「At the 33rd Annual General Meeting of Shareholders held on 26 September 2017, the Company resolved to make lump-sum payments in connection with the abolition of the directors' retirement benefit system. Accordingly, the full amount of the provision for directors' retirement benefits was reversed, and the unpaid portion of the lump-sum payments, ¥114.009 million, was presented as long-term accounts payable under "Other" in non-current liabilities.」
At the Annual General Meeting of Shareholders on 26 September 2017, a resolution was passed to make lump-sum payments in connection with the abolition of the system, and the full amount of the provision for directors' retirement benefits was reversed. The unpaid amount of ¥114.009 million is presented as long-term accounts payable.