News Release
To The Shareholders
April 27, 2012
Company Name Shoei Co., Ltd.
Representative President and Chief Executive Officer Eiji
Tokita
Stock Code 3003, First Section, Tokyo Stock Exchange
Contact Senior Executive Officer
Human Resources Group
Minoru Kagita
(Tel: +813-3292-4627)
Shoei Co., Ltd. ("the Company") hereby announces that a
resolution was passed at the Board of Directors meeting held
on April 27, 2012 to solicit volunteers for early retirement
as follows.
1. Reason for soliciting volunteers for early retirement
In light of the recent severe business environment
surrounding the real estate market, the Company envisages to
merge with Hulic Co., Ltd. ("Hulic") on July 1, 2012, to
consolidate its real estate business with the stable
operations and finances of Hulic.
The Company decided to solicit volunteers for early
retirement considering that further downsizing its operations
and reducing costs are essential for promptly realizing
efficient management.
2. Outline of voluntary early retirement solicitation
(1) Eligible employees: Employees who are division managers
and below
(2) Number of volunteers: Around 20 employees
(3) Solicitation period: May 14, 2012 to May 24, 2012 (4)
Retirement date: June 30, 2012
(5) Others: In addition to the prescribed retirement
benefits, the Company will
provide a premium severance pay as well as a support for
re-employment
by using an employment recruitment agency if requested.
3. Future outlook
Costs arising from this voluntary early retirement process
are scheduled to be recorded as an extraordinary loss for the
current period, and the Company will make an announcement
regarding the financial impact for the current period when
the figure is fixed.
distributed by |