Abolition of the Directors’ Retirement Bonus System
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
26 other companies' latest entry also says "Achieved".
- FY2017AchievedAnnual report
「The directors' retirement benefit plan was abolished upon the conclusion of the ordinary general meeting of shareholders held on 28 June 2016.」
This describes the completed abolition of the directors' retirement benefit plan. - FY2017-Q3RestatedAnnual report
「Previously, the Company recorded the amount payable under its internal rules on directors' retirement benefits as a provision for directors' retirement benefits to prepare for payments upon directors' retirement. However, at the ordinary general meeting of shareholders held on 28 June 2016, a resolution was passed to make lump-sum payments in connection with the abolition of the directors' retirement benefit plan. Accordingly, the provision for directors' retirement benefits was reversed, and the unpaid lump-sum payment of ¥90.2 million is included in "Other" under non-current liabilities.」
The treatment concerning the abolition of the directors' retirement benefit plan, reversal of the provision and recognition of ¥90.2 million as an unpaid amount is reproduced from the periods through the previous quarter. - FY2017-Q2RestatedAnnual report
「Previously, the Company recorded the amount payable under its internal rules on directors' retirement benefits as a provision for directors' retirement benefits to prepare for payments upon directors' retirement. However, at the ordinary general meeting of shareholders held on 28 June 2016, a resolution was passed to make lump-sum payments in connection with the abolition of the directors' retirement benefit plan. Accordingly, the provision for directors' retirement benefits was reversed, and the unpaid lump-sum payment of ¥90.2 million is included in "Other" under non-current liabilities.」
The treatment concerning the abolition of the directors' retirement benefit plan, reversal of the provision and recognition of ¥90.2 million as an unpaid amount is reproduced from the previous quarter. - FY2017-Q1First statedAnnual report
「Previously, the Company recorded the amount payable under its internal rules on directors' retirement benefits as a provision for directors' retirement benefits to prepare for payments upon directors' retirement. However, at the ordinary general meeting of shareholders held on 28 June 2016, a resolution was passed to make lump-sum payments in connection with the abolition of the directors' retirement benefit plan. Accordingly, the provision for directors' retirement benefits was reversed, and the unpaid lump-sum payment of ¥90.2 million is included in "Other" under non-current liabilities.」
At the ordinary general meeting of shareholders held on 28 June 2016, the Company resolved to abolish the directors' retirement benefit plan and make lump-sum payments, and recorded ¥90.2 million as an unpaid amount.