- Investor Relations (IR)
- 2022.10.11
Notification of Results of “Next Career Plan” Voluntary Early Retirement Program
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October 11, 2022
Company:Nippon Paint Holdings Co., Ltd.
Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime)
Contact:Ryosuke Tanaka
General Manager, Investor Relations and Sustainability
(TEL +81-50-3131-7419)
Notification of Results of “Next Career Plan”
Voluntary Early Retirement Program
Nippon Paint Holdings Co., Ltd. is announcing the results of its “Next Career Plan” voluntary early retirement program announced on June 17, 2022, targeting its eight Group companies*1 and their subsidiaries and indirectly-owned subsidiaries*2 in Japan.
1. Outline of the “Next Career Plan” voluntary early retirement program
| Target companies | Eight Group companies in Japan and their subsidiaries and indirectly-owned subsidiaries in Japan |
|---|---|
| Eligible applicants | Permanent employees, employees rehired after reaching retirement age, and contract employees (excluding part-time employees) who are aged 50 and over and have worked at the target companies for one year or more as of December 31, 2022 |
| Target number of applicants | Not specified |
| Application period | September 2022 |
| Date of retirement | December 31, 2022 (scheduled) |
| Support program | Provision of special retirement benefits and job-placement assistance |
2. Results of program implementation
Number of applicants: 271
3. Financial impact
Expenses associated with the “Next Career Plan” voluntary retirement program (e.g., special retirement payments) are expected to be around 2.2 billion yen, and will be recorded as Other expenses in the consolidated financial results for the fiscal year ending December 31, 2022.
*1: Nippon Paint Holdings Co., Ltd., Nippon Paint Corporate Solutions Co., Ltd., Nippon Paint Co., Ltd., Nippon Paint Automotive Coatings Co., Ltd., Nippon Paint Industrial Coatings Co., Ltd., Nippon Paint Surf Chemicals Co., Ltd., Nippon Paint Marine Coatings Co., Ltd., Nippon Paint Materials Co., Ltd.
*2: AS Paint Co., Ltd., Nippon Paint Anti-Corrosive Coatings Co., Ltd., Nippe Home Products Co., Ltd. AS Resin Co., Ltd., NPA MFG Co., Ltd., NPA Engineering and Maintenance Co., Ltd., and Nikko Techno Co., Ltd..