Abolition of the Directors’ Retirement Benefit System
First written in FY2018-Q1. 1 of 3 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2018-Q3.
27 other companies' latest entry also says "Achieved".
- FY2018-Q3AchievedAnnual report
「At the 50th annual general meeting of shareholders held on 22 June 2017, we decided to make a lump-sum payment of retirement benefits to officers in connection with the abolition of the officer retirement benefit system. Accordingly, we reversed the entire “Provision for officers’ retirement benefits” in the consolidated balance sheet and presented the unpaid lump-sum payment of ¥1,664 million under “Other” in non-current liabilities in the quarterly consolidated balance sheet.」
Following the decision to abolish the directors' retirement benefit plan, the ¥1,664 million provision was fully reversed and reclassified as accounts payable. - FY2018-Q2AdvancedAnnual report
「At the 50th annual general meeting of shareholders held on 22 June 2017, we decided to make a lump-sum payment of retirement benefits to officers in connection with the abolition of the officer retirement benefit system. Accordingly, we reversed the entire “Provision for officers’ retirement benefits” in the consolidated balance sheet and presented the unpaid lump-sum payment of ¥1,664 million under “Other” in non-current liabilities in the quarterly consolidated balance sheet.」
Following the decision to abolish the directors' retirement benefit plan, the ¥1,664 million provision was fully reversed and reclassified as accounts payable. - FY2018-Q1First statedAnnual report
「At the 50th annual general meeting of shareholders held on 22 June 2017, we decided to make a lump-sum payment of retirement benefits to officers in connection with the abolition of the officer retirement benefit system. Accordingly, we reversed the entire provision for officers’ retirement benefits and presented the unpaid lump-sum payment of ¥1,664 million under “Other” in non-current liabilities.」
At the annual general meeting of shareholders on 22 June 2017, the company decided to make a lump-sum payment in connection with the abolition of the officer retirement benefit system, reversed the ¥1,664 million provision and presented it as an unpaid amount.