OKI announced on the 29th the results of the special retirement support program it unveiled in July, disclosing that 668 employees applied on a consolidated basis and that the total cost of special retirement payments is expected to reach about 10 billion yen. The special loss will be recorded in the second-quarter results for the fiscal year ending March 2027. The program was open to full-time employees of OKI and its group companies who were at least 55 years old as of October 31, 2026 and had 10 or more years of service, as well as to people rehired after mandatory retirement, and applications were accepted from August 17 to September 25. The retirement date is October 31, and payments will consist of the usual retirement allowance plus a special supplement, with re-employment support services offered to those who request them. Of the applicants, 369 were at OKI itself. The company will not revise its consolidated earnings forecast for the full fiscal year ending March 2027.
OKI Electric Industry Company, LimitedOKI will book a ~10 billion yen special loss in Q2 FY2027 from 668 early-retirement applicants, a one-off restructuring charge.
