Abolition of the Former Executive Retirement Benefit System and Lump-Sum Payments
First written in FY2024-Q1. 1 of 2 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024-Q2.
2 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「At the 18th Annual General Meeting of Shareholders held on 22 December 2023, the Company resolved to make lump-sum retirement bonus payments in connection with the abolition of the former directors’ retirement bonus plan and to introduce a directors’ long-term incentive compensation plan as a new directors’ retirement bonus plan. Accordingly, the entire provision for directors’ retirement bonuses related to the former plan was reversed, and the ¥107.287 million previously recorded in the provision for directors’ retirement bonuses is presented as long-term accounts payable.」
In addition to abolishing the former plan and making lump-sum payments, the Company explicitly disclosed the introduction of a new directors’ long-term incentive compensation plan and reclassified the ¥107.287 million related to the former plan as long-term accounts payable. - FY2024-Q1First statedAnnual report
「At the 18th Annual General Meeting of Shareholders held on 22 December 2023, the Company resolved to make lump-sum retirement bonus payments in connection with the abolition of the former directors’ retirement bonus plan. Accordingly, the entire provision for directors’ retirement bonuses was reversed, and the ¥107.287 million previously recorded in the provision for directors’ retirement bonuses is presented as long-term accounts payable.」
The Company has disclosed for the first time that it abolished the former directors’ retirement bonus plan and resolved to make lump-sum retirement bonus payments, and that the ¥107.287 million provision for directors’ retirement bonuses was reversed and reclassified as long-term accounts payable.