Abolition of the Executive Retirement Bonus System and Lump-Sum Payments
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
28 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「Accordingly, the company reversed the entire provision for directors’ and corporate officers’ retirement allowances and recorded the unpaid amount of ¥96.6 million relating to the lump-sum payments under “Long-term accounts payable” in non-current liabilities.」
The company continues to disclose the abolition of its retirement allowance system for directors and corporate officers, the reversal of the entire provision and the recording of the unpaid amount relating to the lump-sum payments. - FY2017-Q3RestatedAnnual report
「The company had recorded the amount payable at the end of the fiscal year under its internal rules in preparation for the payment of retirement allowances to directors and corporate officers. At the 83rd Annual General Meeting of Shareholders held on 29 June 2016, a resolution was passed to make lump-sum payments following the abolition of the retirement allowance system for directors and corporate officers. Accordingly, the company reversed the entire provision for directors’ and corporate officers’ retirement allowances and recorded the unpaid amount of ¥96.6 million relating to the lump-sum payments under “Other” in non-current liabilities.」
The company continues to disclose the abolition of the retirement allowance system for directors and corporate officers and the reversal of the entire provision. - FY2017-Q2RestatedAnnual report
「The company had recorded the amount payable at the end of the fiscal year under its internal rules in preparation for the payment of retirement allowances to directors and corporate officers. At the 83rd Annual General Meeting of Shareholders held on 29 June 2016, a resolution was passed to make lump-sum payments following the abolition of the retirement allowance system for directors and corporate officers. Accordingly, the company reversed the entire provision for directors’ and corporate officers’ retirement allowances and recorded the unpaid amount of ¥96.6 million relating to the lump-sum payments under “Other” in non-current liabilities.」
The company continues to disclose the abolition of its retirement allowance system for directors and corporate officers and the reversal of the entire provision. Some consolidated subsidiaries continue to record provisions. - FY2017-Q1AchievedAnnual report
「At the 83rd Annual General Meeting of Shareholders held on 29 June 2016, a resolution was passed to make lump-sum payments following the abolition of the retirement allowance system for directors and corporate officers. Accordingly, the company reversed the entire provision for directors’ and corporate officers’ retirement allowances and recorded the unpaid amount of ¥216.747 million relating to the lump-sum payments as ¥120.147 million under “Other” in current liabilities and ¥96.6 million under “Other” in non-current liabilities.」
The shareholders’ meeting resolved to make lump-sum payments following the abolition of the system, and the entire provision was reversed and the unpaid amount was recorded.