Abolition of the Directors’ Retirement Benefit System
First written in FY2017-Q1. 3 of 6 entries say "Restated". Latest entry: FY2018-Q3.
26 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「Accordingly, Nikko Co., Ltd. reversed the full amount of the provision for directors' retirement benefits and recorded ¥6.54 million payable in connection with the lump-sum payment under "Other" in non-current liabilities. Takano Kikai Co., Ltd. also resolved at its Annual General Meeting of Shareholders held on 10 May 2017 to make a lump-sum payment in connection with the abolition of the directors' retirement benefit plan, and the resolution was approved.」
The abolition of the plan at 2 consolidated subsidiaries, the full reversal of the provisions and the recording of unpaid amounts were reiterated. - FY2018-Q2RestatedAnnual report
「Nik<PRIVATE_PERSON>ko Co., Ltd., a consolidated subsidiary of the Company, resolved at its Annual General Meeting of Shareholders held on 10 May 2017 to make a lump-sum payment in connection with the abolition of the directors' retirement benefit plan, and the resolution was approved. Accordingly, Nikko Co., Ltd. reversed the full amount of the provision for directors' retirement benefits and recorded ¥6.54 million payable in connection with the lump-sum payment under "Other" in non-current liabilities. Takano Kikai Co., Ltd., another consolidated subsidiary of the Company, also resolved at its Annual General Meeting of Shareholders held on 10 May 2017 to make a lump-sum payment in connection with the abolition of the directors' retirement benefit plan, and the resolution was approved. Accordingly, Takano Kikai Co., Ltd. reversed the full amount of the provision for directors' retirement benefits and recorded ¥3.6 million payable in connection with the lump-sum payment under "Other" in non-current liabilities.」
The abolition of the plan at 2 consolidated subsidiaries, the full reversal of the provisions and the recording of unpaid amounts were reiterated. - FY2018-Q1AdvancedAnnual report
「Nik<PRIVATE_PERSON>ko Co., Ltd., a consolidated subsidiary of the Company, resolved at its Annual General Meeting of Shareholders held on 10 May 2017 to make a lump-sum payment in connection with the abolition of the directors' retirement benefit plan, and the resolution was approved. Accordingly, Nikko Co., Ltd. reversed the full amount of the provision for directors' retirement benefits and recorded ¥6.54 million payable in connection with the lump-sum payment under "Other" in non-current liabilities. Takano Kikai Co., Ltd., another consolidated subsidiary of the Company, also resolved at its Annual General Meeting of Shareholders held on 10 May 2017 to make a lump-sum payment in connection with the abolition of the directors' retirement benefit plan, and the resolution was approved. Accordingly, Takano Kikai Co., Ltd. reversed the full amount of the provision for directors' retirement benefits and recorded ¥3.6 million payable in connection with the lump-sum payment under "Other" in non-current liabilities.」
At 2 consolidated subsidiaries, lump-sum payments following the abolition of the plan were approved, and the full provisions were reversed and the unpaid amounts recorded. - FY2017-Q3RestatedAnnual report
「Accordingly, the Company reversed the full amount of the provision for directors' retirement benefits and recorded ¥181.2 million payable in connection with the lump-sum payment under "Other" in non-current liabilities.」
The full reversal of the provision following the abolition of the plan and the recording of ¥181.2 million as payable were reiterated. - FY2017-Q2AchievedAnnual report
「Accordingly, the Company reversed the full amount of the provision for directors' retirement benefits and recorded ¥181.2 million payable in connection with the lump-sum payment under "Other" in non-current liabilities.」
Following the resolution and approval to abolish the directors' retirement benefit plan, the full amount of the provision was reversed and the lump-sum payment was recorded as payable. The plan remains in place at some consolidated subsidiaries. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2016, the Company resolved to abolish the directors' retirement benefit plan. At the 63rd Annual General Meeting of Shareholders held on 29 June 2016, the resolution to make a lump-sum payment in connection with the abolition of the plan was approved.」
The Board of Directors resolved to abolish the plan, and the Annual General Meeting of Shareholders approved the lump-sum payment.