Abolition of the Executive Retirement Benefit Plan and Lump-Sum Payment
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
36 other companies' latest entry also says "Achieved".
- FY2023-Q2AchievedAnnual report
「At the annual general meeting of shareholders held on 29 June 2022, the company resolved to make lump-sum payments of retirement bonuses to directors and other officers in connection with the abolition of the directors’ retirement bonus system. Accordingly, it reversed the entire directors’ retirement bonus provision and presented the unpaid portion of the lump-sum payment, ¥140.895 million, as long-term accounts payable under non-current liabilities.」
In connection with the abolition of the directors’ retirement bonus system, the company fully reversed the provision and presented the unpaid portion of ¥140.895 million as long-term accounts payable. The accounting treatment for abolishing the system and making lump-sum payments has been implemented. - FY2023-Q1First statedAnnual report
「At the annual general meeting of shareholders held on 29 June 2022, the company resolved to make lump-sum payments of retirement bonuses to directors and other officers in connection with the abolition of the directors’ retirement bonus system. Accordingly, it reversed the entire directors’ retirement bonus provision and presented the unpaid portion of the lump-sum payment, ¥140.895 million, as long-term accounts payable under non-current liabilities.」
The directors’ retirement bonus system was abolished pursuant to a resolution at the annual general meeting of shareholders on 29 June 2022, and the existing provision was fully reversed. The unpaid portion of the lump-sum payment, ¥140.895 million, is presented as long-term accounts payable.