Sharp 2015 Annual Report Download - page 57

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(3) Schedule of Appropriation of Surpluses
May 14, 2015
(Thursday)
Resolution of Board of Directors meetings related to Appropriation of
Surplus
Resolution of Board of Directors meetings related to proposal for
Appropriation of Surpluses to be discussed by Ordinary General Meeting of
Shareholders
June 23, 2015
(Tuesday) Resolution of Ordinary General Meeting of Shareholders
June 30, 2015
(Tuesday) Effective date of Appropriation of Surpluses (planned)
(4) Others
Appropriation of Surpluses is subject to the reduction of common stock and capital reserve be-
coming effective. Appropriation of Surpluses is a transfer appropriation in which other capital
surplus in net assets as indicated on the balance sheet is transferred to the account of retained
earnings carried forward, which does not change the Company’s net asset amounts.
Ⅲ. Voluntary Retirement Program
1. Background to calling for voluntary retirement
The Company and its consolidated subsidiaries are currently engaged in business reinforcement mea-
sures and improving its balance sheet to recover the business performance. As examples of such
efforts, the Company aims to introduce company-systems to strengthen adaptation to clients and
business criteria to realize independent management, and also to establish a basis for stable profit-
ability by downsizing bases, streamlining headquarters, and adjusting employment to an appropriate
level. Under these circumstances, the Company has decided to offer a voluntary retirement program
with sufficient financial support and re-employment assistance to employees who would seek work-
ing opportunities outside the Company and its consolidated subsidiaries, and the agreement with the
labor union has been reached on June 17, 2015.
2. Outline of voluntary retirement program
(1) Applied companies: The Company and its major domestic consolidated subsidiaries
(2) Number accepting application: 3,500 personnel
(3) Application period: July 27, 2015 to August 4, 2015
(4) Date of retirement: September 30, 2015
3. Expense for the voluntary retirement program
The Company estimates total expense for the voluntary retirement program of approximately 35 bil-
lion yen among the Company and its domestic consolidated subsidiaries.
The number of applicants for voluntary retirement is yet to be fixed.
Notes to the Consolidated Financial Statements
55
Financial Section
Notes to the Consolidated
Financial Statements
Segment Outline
Medium-Term Management Plan
for Fiscal 2015 through 2017
Investor Information
Directors, Audit & Supervisory Board
Members and Executive Officers
Risk Factors
Corporate Governance
Contents
Corporate Social
Responsibility (CSR)
Message to our Shareholders
Fiscal 2014 Review by
Product Group
Financial Highlights
SHARP Annual Report 2015
Consolidated
Subsidiaries
Independent Auditor’s
Report
Consolidated Statements of
Cash Flows
Consolidated Statements of
Changes in Net Assets
Consolidated Statements of
Comprehensive Income
Consolidated Statements of
Operations
Consolidated Balance Sheets
Financial Review
Five-Year Financial Summary