Casio Computer : to Implement Early Retirement Incentive Program
May 17, 2023 at 10:30 am IST
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Company:
Casio Computer Co., Ltd.
Representative:
KASHIO Kazuhiro
Chairman, and Chairman of the Board
Stock code:
6952 (TSE Prime)
Casio to Implement Early Retirement Incentive Program
TOKYO, May 11, 2023 - Casio Computer Co., Ltd. has announced that its board of directors approved today the implementation of an early retirement incentive program as outlined below.
1. Rationale for Implementing Early Retirement Incentive Program
In order to address today's rapidly changing the environment, Casio is focused on business, work, and workstyle reforms centered on the digitalization of its business processes. Furthermore, to ensure sustainable growth into the future, Casio is working to optimize the performance of its human resources. As part of these optimization measures, and to support the diverse life plans of employees, Casio has decided to implement an early retirement incentive program.
2. Overview of the Early Retirement Incentive Program
(1)
Eligible employees
Employees who work in development, production control, service, or
logistics units of Casio Computer Co., Ltd., who have worked at least 10
years in the company.
Among them, non-management employees who are at least 50 years of age
(2)
Number to be recruited
Not specified
(3)
Recruitment period
From May 26, 2023 to June 8, 2023 (planned)
(4)
Retirement date
August 20, 2023 (planned)
(5)
Incentives
A special retirement allowance will be paid in addition to the regular
retirement allowance. In addition, support for reemployment will be provided
for those who want it.
3. Future Outlook
Casio plans to record the expenses, including the special retirement allowances, that arise associated with the implementation of this program as an extraordinary loss in its financial results for the fiscal year ending March 31, 2021. The impact of the program, if any, on business performance will be announced once it is finalized, following careful examination of the status of program applications.
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Casio Computer Co. Ltd. published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 04:59:10 UTC.
Casio Computer Co., Ltd. specializes in the production and marketing of electronic equipment and components. Net sales break down by family of products as follows:
- electronic equipment (98%): consumer electronic products (calculators, electronic dictionaries, label printers, digital cameras, music instruments, etc.), mobile devices (primarily mobile phones), clocks, digital and analogue watches and other (data projectors, computers, printers, cash registers, etc.);
- other (2%): primarily electronic components.
CASIO COMPUTER CO., LTD. 
