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TOMY CO LTD Announces Result of Early Retirement Program; Expects Extraordinary Losses for Q4 of FY 2013

Monday, 25 Mar 2013 02:15am EDT 

TOMY CO LTD announced the result of its early-retirement program, which was offered during the period from February 12, 2013 to March 19, 2013. 138 of its employees took the offer and will retire on March 20, 2013. As a result, the Company expects the extraordinary loss of JPY 1,020 million caused by retirement payment, and also expects the extraordinary loss of JPY 5,870 million for impairment loss on assets of subsidiary, and extraordinary loss of JPY 540 million for retirement payment by subsidiary and others, for the fourth quarter of fiscal year ending March 31, 2013.