Abolition of the directors’ retirement bonus system
First written in FY2017-Q1. 1 of 2 entries say "Achieved", first in FY2017-Q3. Latest entry: FY2017-Q3.
20 other companies' latest entry also says "Achieved".
- FY2017-Q3AchievedAnnual report
「At the annual general meeting of shareholders held on 24 June 2016, the company resolved to make a lump-sum payment in connection with the discontinuation of its directors’ retirement benefit scheme. Accordingly, the company reversed its entire provision for directors’ retirement benefits and presented the unpaid amount arising from the lump-sum payment under “Other” within non-current liabilities.」
The company fully reversed the provision following the discontinuation of the scheme and presented the unpaid amount. Certain consolidated subsidiaries continued to recognise provisions. - FY2017-Q1First statedAnnual report
「At the annual general meeting of shareholders held on 24 June 2016, the company resolved to make a lump-sum payment in connection with the discontinuation of its directors’ retirement benefit scheme.」
At the annual general meeting of shareholders, the company resolved to discontinue the scheme and make a lump-sum payment, and reversed its entire provision for directors’ retirement benefits.