Sega Sammy : Notice of Results of Call for Voluntary Retirement of Employees
January 15, 2021 at 02:14 am
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January 15, 2021
(Translation)
Dear Sirs or Madams,
Name of Company:
SEGA SAMMY HOLDINGS INC.
Name of Representative:
Haruki Satomi,
President and Group COO
Representative Director
(Code No. 6460, Tokyo Stock Exchange 1st Section)
Further Inquiry:
Yoichi Owaki,
Senior Vice President,
Executive Officer
Managing Director of
Finance & Accounting Division
(TEL: 03-6864-2400)
Notice of Results of Call for Voluntary Retirement of Employees
We hereby notify the results of the call for voluntary retirement of employees announced in the "Notice of Forecast regarding Recording of Extraordinary Loss in Associated with Call for Voluntary Retirement of Employees and Reduction in the Amount of Compensation of Directors" on November 6, 2020 as follows.
Description
1. Summary of the Call for Voluntary Retirement of Employees
(1)
Eligible Applicants:
Full-time employees and contract employees of
our Group Companies
(2)
Number of Applicants:
650 employees
(Number of employees as of September 30, 2020: 9,051)
(3)
Application Period:
November 16, 2020 to December 25, 2020
(4)
Retirement Date:
February 28, 2021
Preferential Treatment: Payment of extraordinary retirement allowances and reemployment support for applicants
Results of implementation
Results of implementation of this measure: 729 employees
Recording of extraordinary losses and future forecast
Expenses for extraordinary retirement allowances and others to be incurred in connection with this voluntary retirement program are expected to be approximately 9.5 billion yen, and will be recorded as extraordinary losses in the fiscal year ending March 2021.
We have incorporated approximately 10 billion yen of expenses associated with this measure as extraordinary losses (structural reform expenses) in the "Notice of Revision of Operating Results Forecast and Determination of Dividends from Retained Earnings (interim dividends)" announced on November 6, 2020. However, the consolidated financial results forecast for the fiscal year ending March 2021, including other factors, is currently under close investigation and we will promptly announce if there is need for revisions to our operating results forecast in the future.
-END-
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Sega Sammy Holdings Inc. published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 07:13:06 UTC
Sega Sammy Holdings Inc is a Japan-based company engaged in the gaming machine business, entertainment content business and resort business. The Company operates through three business segments. The Gaming Machine segment is engaged in the development, manufacture and sale of pachislo machines and pachinko machines. The Entertainment Content segment is engaged in the development and sale of packaged games and amusement equipment centering on digital games, the development and operation of amusement facilities, the planning, production, sale of animation movies, as well as the development, manufacture and sale of toys. The Resort segment is engaged in the development and operation of hotels and golf courses in integrated resort business and other facilities business.