OKI announced the results of applications for the special retirement support program it unveiled in July. The number of applicants was 668 on a consolidated basis, and total special retirement payments are expected to be approximately ¥10 billion, which will be recognized as a special loss in the financial results for the second quarter of the fiscal year ending March 2027. The full-year earnings forecast will remain unchanged. The program covered permanent employees aged 55 or older with at least 10 years of service and employees rehired after retirement, with applications accepted from 17 August to 25 September and retirement scheduled for 31 October. Outplacement support services will be provided to applicants who request them.
OKI, which operates in the information and telecommunications equipment sector, announced the results of applications for its special retirement support program. The number of applicants was 668 on a consolidated basis, including 369 at OKI alone. The program is intended to provide additional special retirement payments to eligible permanent employees and employees rehired after retirement who meet certain conditions.
Total special retirement payments are expected to be approximately ¥10 billion and are scheduled to be recognized as a special loss in the financial results for the second quarter of the fiscal year ending March 2027. The program is expected to affect net income for the current fiscal year, but the full-year earnings forecast itself will remain unchanged.
Eligible applicants were permanent employees aged 55 or older with at least 10 years of service as of 31 October 2026, and people rehired after mandatory retirement. Applications were accepted from 17 August to 25 September, with retirement scheduled for 31 October. In addition to the regular retirement allowance, a special premium will be paid, and outplacement support services will be provided to applicants who request them.
Of the applicants, 369 were from OKI alone. Further disclosure is awaited regarding the details of the program and the outlook.