TOKYO, Mar 09 (Pulse News Wire) – Shindengen Electric Manufacturing CO.,LTD. (6844.T) implemented a career support program aimed at employees aged 50 and older with more than 10 years of service.
As part of the initiative, the company offered special severance packages and reemployment assistance programs to approximately 50 eligible employees. The program resulted in 46 applications during its public solicitation period from January 27 to February 26, 2026.
In connection with the program, the company expects to record a special loss of approximately ¥600 million in its fiscal year ending March 20, 2026. Additionally, the company anticipates cost savings of around ¥400 million in the subsequent fiscal year.
The impact on the current fiscal year's earnings forecast is still being assessed, and any necessary adjustments will be disclosed promptly.
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