Abolition of the Executive Retirement Bonus Scheme
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
26 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「Previously, the Company recognized the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement benefits, in preparation for the payment of such benefits. However, the directors’ retirement benefit system was abolished upon the conclusion of the 54th Annual General Meeting of Shareholders held on 27 May 2016. In connection with the abolition of the system, the meeting resolved to make lump-sum payments of directors’ retirement benefits for their periods of service, and the ¥49.5 million balance of the provision for directors’ retirement benefits was recognized under “Other” in non-current liabilities.」
The Company has reconfirmed the abolition of the directors’ retirement benefit system, the resolution to make lump-sum payments, and the transfer of ¥49.5 million to the equivalent of long-term unpaid liabilities. - FY2017-Q3RestatedAnnual report
「Previously, the Company recognized the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement benefits, in preparation for the payment of such benefits. However, the directors’ retirement benefit system was abolished upon the conclusion of the 54th Annual General Meeting of Shareholders held on 27 May 2016. In connection with the abolition of the system, the meeting resolved to make lump-sum payments of directors’ retirement benefits for their periods of service, and the ¥49.5 million balance of the provision for directors’ retirement benefits was recognized under “Other” in non-current liabilities.」
The Company has reconfirmed the abolition of the directors’ retirement benefit system, the resolution to make lump-sum payments, and the recognition of the ¥49.5 million provision balance. - FY2017-Q2RestatedAnnual report
「In connection with the abolition of the system, the meeting resolved to make lump-sum payments of directors’ retirement benefits for their periods of service, and the ¥49.5 million balance of the provision for directors’ retirement benefits was recognized under “Other” in non-current liabilities.」
The Company has reconfirmed the abolition of the directors’ retirement benefit system, the lump-sum payments for periods of service, and the recognition of the ¥49.5 million provision. - FY2017-Q1First statedAnnual report
「Previously, the Company recognized the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement benefits, in preparation for the payment of such benefits. However, the directors’ retirement benefit system was abolished upon the conclusion of the 54th Annual General Meeting of Shareholders held on 27 May 2016.」
The Company states that the directors’ retirement benefit system was abolished upon the conclusion of the Annual General Meeting of Shareholders held on 27 May 2016.