Abolition of the Executive Retirement Benefit System
First written in FY2018-Q1. 2 of 4 entries say "Restated". Latest entry: FY2018.
24 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「As a result, during the consolidated fiscal year, the Company reversed the provision for retirement benefits for directors and audit & supervisory board members and presented the unpaid amount of ¥25.040 million arising from the lump-sum payments as long-term accounts payable included in “Other” under “Non-current liabilities.”」
The annual results reconfirm the reversal of the provision following the abolition of the retirement bonus system for directors and audit & supervisory board members and the recognition of ¥25.040 million in lump-sum payments as long-term accounts payable. - FY2018-Q3RestatedAnnual report
「As a result, during the first quarter of the consolidated fiscal year, the Company reversed the provision for retirement benefits for directors and audit & supervisory board members and presented the unpaid amount of ¥28.080 million arising from the lump-sum payments as long-term accounts payable included in “Other” under non-current liabilities.」
Restates the reversal of the provision following the abolition of the retirement bonus system for directors and audit & supervisory board members and the transfer of ¥28.080 million to long-term accounts payable. No further accounting developments are indicated. - FY2018-Q2AdvancedAnnual report
「As a result, during the first quarter of the consolidated fiscal year, the Company reversed the provision for retirement benefits for directors and audit & supervisory board members and presented the unpaid amount of ¥28.080 million arising from the lump-sum payments as long-term accounts payable included in “Other” under non-current liabilities.」
Following the resolution to abolish the retirement bonus system for directors and audit & supervisory board members, the Company reversed the related provision and transferred ¥28.080 million in lump-sum payments to long-term accounts payable. - FY2018-Q1First statedAnnual report
「At a Board of Directors meeting held on 12 April 2017, the Company resolved to abolish its retirement bonus system for directors and audit & supervisory board members (the “System”). At the 48th Annual General Meeting held on 26 May 2017, it was resolved to make lump-sum payments, within a reasonable amount and in accordance with the Company's prescribed standards, to 6 incumbent directors and 1 audit & supervisory board member for the period they served up to the abolition of the System.」
The abolition of the retirement bonus system for directors and audit & supervisory board members and the related lump-sum payments based on the April 2017 Board of Directors resolution and May 2017 Annual General Meeting resolution were disclosed for the first time. Payment is scheduled for each officer's retirement.