Abolition of the Executive Retirement Benefit System
First written in FY2019. 1 of 4 entries say "Achieved", first in FY2020. Latest entry: FY2023-Q3.
30 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company recorded a ¥24 million reversal of the provision for directors' retirement benefits as extraordinary income. This accounting treatment was based on the decision not to pay retirement benefits to directors involved in the improper transactions and other matters described in the "Notice Regarding the Investigation into Improper Transactions at a Consolidated Subsidiary of the Company," published on 19 August 2022.」
A ¥24 million reversal of the provision associated with the non-payment of retirement benefits to directors involved in improper transactions and other matters was also recorded as extraordinary income in the current quarter. - FY2023-Q2Non-payment of retirement benefits to directors involved in improper transactionsAnnual report
「The reversal of ¥24 million in the provision for directors' retirement benefits recorded as extraordinary income resulted from the non-payment of directors' retirement benefits to directors involved in the improper transactions and other matters.」
As the accounting treatment following the abolition of the directors' retirement benefit system, a ¥24 million reversal of the provision was recorded in connection with the non-payment of retirement benefits to directors involved in improper transactions and other matters. - FY2020AchievedAnnual report
「As a result, the provision for directors' retirement benefits was reversed during the current consolidated fiscal year. The unpaid amount of ¥61 million associated with the discontinued payments at the end of the current consolidated fiscal year is presented under "Other" in non-current liabilities as long-term accounts payable.」
For the abolished directors' retirement benefit system, the provision was reversed, and the unpaid amount of ¥61 million associated with the discontinued payments was recorded as long-term accounts payable. - FY2019First statedAnnual report
「As part of its review of the officer compensation system, the Company abolished the directors' retirement benefit system at the conclusion of the ordinary general meeting of shareholders held on 27 June 2019.」
As part of its review of the officer compensation system, the Company abolished the retirement benefit system for officers at the conclusion of the ordinary general meeting of shareholders held on 27 June 2019.