Abolition of the Directors' Retirement Benefit Scheme
First written in FY2020-Q2. 3 of 4 entries say "Restated". Latest entry: FY2021.
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- FY2021RestatedAnnual report
「Based on a resolution at the 58th Annual General Meeting of Shareholders held on 29 June 2020, the company paid total retirement benefits of ¥20 million to 1 director who changed from an incumbent director to a retired director upon the conclusion of the meeting.」
The company disclosed that ¥20 million in retirement benefits had been paid to an existing eligible recipient even after the directors' retirement benefit plan was abolished. There was no change to the policy of abolishing the plan. - FY2020RestatedAnnual report
「Accordingly, the provision for directors' retirement benefits was fully reversed, and the ¥62.900 million previously recorded in the provision was presented as ¥15.700 million in "Accounts payable" within "Other" under current liabilities and ¥47.200 million as "Long-term accounts payable" within "Other" under non-current liabilities.」
The abolition of the directors' retirement benefit plan and the reversal of the ¥62.900 million provision and its transfer to accounts payable continued to be disclosed in the annual report. - FY2020-Q3RestatedAnnual report
「At the 57th Annual General Meeting of Shareholders held on 21 June 2019, the company resolved to make lump-sum payments of retirement benefits following the abolition of the directors' retirement benefit plan. Accordingly, the provision for directors' retirement benefits was fully reversed, and the ¥62.900 million previously recorded in the provision was presented as "Long-term accounts payable" within "Other" under non-current liabilities.」
The abolition of the directors' retirement benefit plan and the transfer of ¥62.900 million to long-term accounts payable continued to be disclosed as additional information. - FY2020-Q2AchievedAnnual report
「At the 57th Annual General Meeting of Shareholders held on 21 June 2019, the company resolved to make lump-sum payments of retirement benefits following the abolition of the directors' retirement benefit plan.」
Following the resolution at the Annual General Meeting of Shareholders held on 21 June 2019, the directors' retirement benefit plan was abolished, the provision was fully reversed, and ¥62.900 million was transferred to long-term accounts payable.