Abolition of retirement benefit systems for directors and executive officers
First written in FY2017-Q1. 2 of 4 entries say "Restated". Latest entry: FY2017.
23 other companies' latest entry also says "Achieved".
- FY2017AchievedAnnual report
「As lump-sum payments associated with the abolition of the director retirement benefit system, a total of ¥119 million will be paid to 10 directors and a total of ¥1 million to 2 audit & supervisory board members upon each individual's departure from office.」
The disclosure presents the accounting treatment for the retirement benefit systems for directors and executive officers, including the lump-sum payments after abolition, confirming that the abolition of the systems has been completed. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 11 April 2016, the Company resolved to abolish the retirement benefit systems for directors and executive officers upon the conclusion of the 58th Annual General Meeting of Shareholders held on 29 June 2016, and also resolved to make lump-sum payments in connection with the abolition of the executive officer retirement benefit system. At the same meeting, it resolved to make lump-sum payments in connection with the abolition of the director retirement benefit system.」
The same information as in the previous quarter regarding the abolition of the retirement benefit systems for directors and executive officers and the related lump-sum payments is presented again. - FY2017-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 11 April 2016, the Company resolved to abolish the retirement benefit systems for directors and executive officers upon the conclusion of the 58th Annual General Meeting of Shareholders held on 29 June 2016, and also resolved to make lump-sum payments in connection with the abolition of the executive officer retirement benefit system.」
The disclosure continues to present the same information as in the previous quarter regarding the abolition of the retirement benefit systems for directors and executive officers and the related lump-sum payments. The unpaid portion of ¥137 million is also disclosed. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 11 April 2016, the Company resolved to abolish the retirement benefit systems for directors and executive officers upon the conclusion of the 58th Annual General Meeting of Shareholders held on 29 June 2016, and also resolved to make lump-sum payments in connection with the abolition of the executive officer retirement benefit system. At the same meeting, it resolved to make lump-sum payments in connection with the abolition of the director retirement benefit system. As a result, the unpaid portion of these lump-sum payments, amounting to ¥137 million, was reversed from "other provisions" under "non-current liabilities" and presented under "other" within "non-current liabilities."」
The abolition of the retirement benefit systems for directors and executive officers was approved, with the time of conclusion of the shareholders' meeting on 29 June 2016 set as the effective date. The unpaid portion of the lump-sum payments, amounting to ¥137 million, was also disclosed.