Workforce optimization through an early-retirement program
First written in FY2022. 5 of 6 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2025.
31 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Against this backdrop, the group implemented its three-year “Revitalize Plan,” streamlining its workforce and locations, exiting unprofitable businesses and implementing structural reforms, while pursuing a thoroughly earnings-focused sales approach in its core wholesale business.」
Workforce optimization has been summarized as part of the Revitalize Plan, together with streamlining personnel and sites and withdrawing from unprofitable businesses. - FY2023AdvancedAnnual report
「The number of employees has decreased by 109 from the end of the previous consolidated fiscal year, mainly as a result of the voluntary retirement program.」
Following the implementation of the early-retirement program, consolidated employee headcount decreased by 109 from the end of the previous consolidated fiscal year to 732. - FY2023-Q3AdvancedAnnual report
「Compared with the end of the previous consolidated fiscal year, the number of employees decreased by 86 in the apparel and textiles-related business, 3 in the materials business and 4 in Other, while increasing by 1 in the cosmetics business, bringing the total to 749. The main reason for the decrease was the early-retirement program implemented by the company during the cumulative third quarter of the current consolidated fiscal year.」
Following the implementation of the early-retirement program, the number of employees fell to 749, mainly due to a decrease from the end of the previous fiscal year in the apparel and textiles-related business. - FY2023-Q2AdvancedAnnual report
「In addition, during the current fiscal year, we have already solicited voluntary retirements, reduced the size of the head office, and relocated the Tokyo branch.」
The company stated that it had completed the solicitation under the early-retirement plan formulated in the previous fiscal year. Related costs of ¥491 million were also recorded as an extraordinary loss. - FY2023-Q1AdvancedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 25 May 2022, the company is soliciting applications for voluntary early retirement as follows.」
Regarding the early-retirement plan announced in the previous fiscal year, the company began soliciting approximately 150 employees aged 40 or older from 30 May to 30 June, based on the Board of Directors’ resolution of 25 May, with retirement effective 30 September. - FY2022First statedAnnual report
「From the standpoint that workforce optimization is necessary to continue the business, we decided to solicit applications for voluntary early retirement.」
The company disclosed an early-retirement plan to solicit approximately 150 employees aged 40 or older from 30 May to 30 June 2022, with retirement effective 30 September 2022.