TOKYO, Mar 23 (Pulse News Wire) – Regal Corporation (7938.T) today disclosed the results of its voluntary retirement program and the shutdown of operations at a subsidiary. As previously announced on February 17, 2026, the company offered voluntary retirement to eligible employees aged 50 and above and those below 63 who were rehired, resulting in 47 applicants out of the targeted 50 positions.
The retirement date for these employees is set for April 30, 2026, with additional support services such as special retirement benefits and career transition assistance provided. Additionally, the company confirmed the closure of its subsidiary in Chiyodashuuzu Kabushiki Kaisha, affecting all 63 employees currently working there. Their retirement date is scheduled for March 20, 2026, with similar support measures in place.
The total estimated costs associated with these actions, including special retirement payments and career transition expenses, amount to approximately ¥618 million. These expenses will be recognized as extraordinary losses in the consolidated financial statements for the fiscal year ending March 31, 2026. Regal Corporation had previously revised its annual earnings forecast on February 9, 2026, which now includes these anticipated expenses.
The company continues to monitor the situation closely and remains committed to managing its workforce efficiently while providing necessary support to affected employees.
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