Abolition of the Executive Retirement Benefit System
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
26 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「In connection with the abolition of the plan, the meeting resolved to make a lump-sum payment of directors’ retirement bonuses for their periods of service, and the balance of the provision for directors’ retirement bonuses, ¥387 million, was recorded under long-term accounts payable in non-current liabilities.」
The annual report also confirmed the abolition of the directors’ retirement bonus plan and the recognition of ¥387 million as long-term accounts payable. - FY2017-Q3RestatedAnnual report
「Previously, the company recognized the amount payable at the end of each fiscal year under its internal rules as a provision for directors’ retirement bonuses, to provide for the payment of such bonuses. However, the directors’ retirement bonus plan was abolished at the conclusion of the 55th Annual General Meeting of Shareholders held on 28 June 2016. In connection with the abolition of the plan, the meeting resolved to make a lump-sum payment of directors’ retirement bonuses for their periods of service, and the balance of the provision for directors’ retirement bonuses, ¥387 million, was recorded under long-term accounts payable in non-current liabilities.」
The company reconfirmed the abolition of the directors’ retirement bonus plan and the recognition of the ¥387 million provision balance as long-term accounts payable. - FY2017-Q2AchievedAnnual report
「Previously, the company recognized the amount payable at the end of each fiscal year under its internal rules as a provision for directors’ retirement bonuses, to provide for the payment of such bonuses. However, the directors’ retirement bonus plan was abolished at the conclusion of the 55th Annual General Meeting of Shareholders held on 28 June 2016. In connection with the abolition of the plan, the meeting resolved to make a lump-sum payment of directors’ retirement bonuses for their periods of service, and the balance of the provision for directors’ retirement bonuses, ¥387 million, was recorded under long-term accounts payable in non-current liabilities.」
The company described the accounting treatment following completion of the abolition of the directors’ retirement bonus plan, under which the ¥387 million provision balance was transferred to long-term accounts payable. - FY2017-Q1First statedAnnual report
「Previously, the company recognized the amount payable at the end of each fiscal year under its internal rules as a provision for directors’ retirement bonuses, to provide for the payment of such bonuses. However, the directors’ retirement bonus plan was abolished at the conclusion of the 55th Annual General Meeting of Shareholders held on 28 June 2016.」
The company disclosed for the first time that the directors’ retirement bonus plan was abolished at the conclusion of the 55th Annual General Meeting of Shareholders.