Abolition of the Executive Retirement Benefit Scheme
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
27 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「Due to the ¥106 million decrease in the provision for directors’ retirement bonuses, among other factors,」
Following the resolution to abolish the directors’ retirement bonus system, ¥106 million in the provision for directors’ retirement bonuses was transferred to long-term accounts payable, leaving a zero provision balance on the balance sheet. - FY2023-Q2AdvancedAnnual report
「Under fixed liabilities, long-term accounts payable included in Other increased by ¥106 million, while the provision for directors’ retirement bonuses decreased by ¥106 million and long-term borrowings decreased by ¥28 million, among other changes. As a result, fixed liabilities decreased by ¥5 million from the end of the previous fiscal year to ¥1,898 million.」
Following the resolution to abolish the directors’ retirement bonus system, the provision for directors’ retirement bonuses decreased from ¥106.8 million at the end of the previous fiscal year to zero at the end of the second quarter, which can be confirmed as a decrease in the provision. - FY2022First statedAnnual report
「At a meeting of the Board of Directors held on 27 September 2022, the Company resolved to abolish the directors' retirement allowance system. At the 68th Annual General Meeting of Shareholders held on 23 December 2022, shareholders approved lump-sum payments of retirement allowances in connection with the abolition.」
The Company resolved to abolish the directors' retirement allowance system and obtained shareholder approval for lump-sum payments associated with the abolition.