Fuji Media : ［Delayed]Notice Regarding Recording of Extraordinary Loss Associated with the Call to Apply for “Next Career Support Voluntary Retirement Program”
February 07, 2022 at 01:08 am EST
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February 3, 2022
(Translation)
Company name: Fuji Media Holdings, Inc.
Representative: Osamu Kanemitsu, President (Code No. 4676, 1st section of Tokyo Stock Exchange) Person to contact: Noriyuki Kawashima
Executive Vice President
Telephone:
+81-3-3570-8000 (key)
Notice Regarding Recording of Extraordinary Loss Associated with the Call to
Apply for "Next Career Support Voluntary Retirement Program" at a
Consolidated Subsidiary of the Company
Fuji Media Holdings, Inc. (the "Company") announces the recording of extraordinary loss and its impact on the Company's financial results, as shown below, which are associated with the call for voluntary retirement at Fuji Television Network, Inc., a consolidated subsidiary of the Company, through the "Next Career Support Voluntary Retirement Program" announced in the Notice Regarding "Next Career Support Voluntary Retirement Program" at a Consolidated Subsidiary of the Company on November 25, 2021.
1. Overview of the call for voluntary retirement
(1) Eligible company:
Fuji Television Network, Inc.
Eligible applicants:Employees who are 50 years of age or older and have worked for Fuji Television Network, Inc. for 10 years or more
(3)
Period of application:
From January 5, 2022 to January 31, 2022
(4)
Date of the retirement:
March 31, 2022
(5)
Benefit of the application:
Special
addition is added to the severance pay, also cordial
support
for career change or starting business is provided to
those who wish to receive said support
2. Recording of extraordinary loss
In accordance with the result of this call for voluntary retirement, an extraordinary loss of approximately ¥9.0 billion will be recorded in the consolidated financial results for the fiscal year ending March 31, 2022.
3. Impact on the Company's financial results
The forecasts of consolidated financial results for the fiscal year ending March 31, 2022, presented in the Flash Report [Japanese GAAP] (Consolidated Basis) Results for the nine months ended December 31, 2021 released today, incorporate the extraordinary loss stated above.
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Fuji Media Holdings Inc. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 06:07:03 UTC.
Fuji Media Holdings Inc is a Japan-based company engaged in the core broadcasting business, the media and content business, and the urban development and tourism business. The Company operates in two business segments. The Media and Content segment is engaged in the production of broadcast programs, movies, anime, games and events, the sale of video and music software, the publication of music, magazines and newspapers, as well as television broadcasting, radio broadcasting, mail order sales and advertising business. The Urban Development and Tourism segment engages in the rental and sale of residences, offices and logistics facilities, the operation of hotels and marine leisure facilities, as well as events and interior decoration and building management business. The Company also engages in movable property leasing and product sales, software development, and restaurants and shops business.
Fuji Media : ［Delayed]Notice Regarding Recording of Extraordinary Loss Associated with the Call to Apply for “Next Career Support Voluntary Retirement Program”
FUJI MEDIA HOLDINGS, INC. 
