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May 29, 2002 |
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| Company Name : |
Anritsu Corporation |
President and
Representative Director: |
Akira Shiomi |
| Code Number : |
6754 |
| Media Contact: |
Hirokazu Hashimoto
General Manager of Accounting Dept.
(Phone: (03) 3473-7429) |
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Results of Implementation of Early Retirement
Program
The results of the implementation of the early retirement program
announced on March 12, 2002 are as follows.
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| 1. |
Overview and Results of Early Retirement Program |
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| (1) Eligibility: |
Regular employees aged from 45 to 59,
with at least 10 years of service |
| (2) Application period: |
May 13, 2002 to May 24, 2002 |
| (3) Retirement date: |
June 30, 2002 (Retirees receiving paid
leave for transfer preparation (up to 6 months) at the end of the
applicable period) |
| (4) Applicants: |
312 (including 57 employees dispatched
to other companies) |
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(Reference) Number of Employees as of
March 31, 2002 |
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Consolidated |
5,220 |
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Nonconsolidated |
2,607 (excluding 334 employees dispatched to other
companies) |
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| 2. |
Effect on Earnings |
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As a result of implementing the early retirement program, the
Company expects to post an extraordinary loss of approximately 3.9
billion yen in the first half of the fiscal year due to special severance
payments to the participants in the program.
The decrease in the number of employees resulting from implementation of
the program will reduce personnel expenses by an estimated 2.0 billion yen
on a consolidated basis and 1.5 billion yen on a nonconsolidated basis.
Accordingly, the results forecast for the year ending March 2003, which
was released with the announcement of results on April 25, 2002, is
being revised in line with the "Revised Forecasts for Fiscal Year 2002"
issued simultaneously with this news release. |
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| Notes: |
| 1. |
The business forecast above is based on currently available
information. Actual results may vary substantially from the projections
above due to known and unknown risks, changes relating to uncertainties,
and other factors. |
| 2. |
This release contains "Material Information" as
specified under Article 166 of the Securities and Exchange Law of Japan.
If you read the contents of this release, you or any other person with
whom you share the acquired information will be deemed the primary
recipients of corporate insider information and will be prohibited from
purchasing, selling or making other transactions of shares or securities
of Anritsu Corporation until 12 hours has elapsed from the time when
this press release was issued (approximately 4:00 a.m. on May 30, 2002,
Japan time). |
