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January 28, 2003
Torii Pharmaceutical Co., Ltd.
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| The Results of Limited-Period Voluntary Early Retirement Program |
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| Torii Pharmaceutical Co., Ltd. today announced the results of
the Company's limited-period voluntary early retirement program, announced
on October 24, 2002, with details as follows. |
| 1. |
Results |
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Number of employees who applied for early retirement: 53
(Reference)
| Outline of the limited-period voluntary early retirement
program: |
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Subjects: |
Persons who are 50 years old or older, but not older than 58
years, in the period from April 2002 to March 2003, and whose lengths of service
at Torii have been 15 years or longer |
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Total number of subjects: |
about 230 |
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Period of application: |
from December 16, 2002 to January 17, 2003 |
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Date of retirement: |
March 31, 2003 |
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Maximum number of candidates: |
Not set |
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| 2. |
Effect on Profit and Loss |
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In view of the results of the applications for candidates
for early retirement, loss of approx. 740 million yen is expected as a special
loss to incur in fiscal 2003.
This was not included in the estimate for March 2003 (announced on November 6,
2002, as the Interim Settlement) |
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