SAXA, Inc., the Tokyo Stock Exchange Standard-listed maker of business phone systems and networking gear, confirmed on August 24 that 138 employees signed up for its voluntary early-retirement scheme, well past the 120-person target the company set when it launched the program on June 5.
The offer, styled internally as a "Next Career Support Program," was open to staff and re-employed workers aged 50 to 64 (including anyone turning 50 by the end of the current fiscal year) at SAXA itself and at its subsidiary SAXA Techno Corporation. Applications ran from July 27 to August 7, the company finalized approvals on August 18 and 19, and the 138 departures take effect September 30, in principle. Those who take the package get enhanced severance on top of the standard payout, plus access to a re-employment support firm SAXA has contracted.
The cost is already on the books. SAXA recorded a ¥1.269bn extraordinary loss in the April-June quarter of its fiscal year to March 2027 to cover the extra severance and outplacement fees tied to the program. That figure reflects the plan as designed for 120 exits; it does not yet capture whatever additional expense comes from the 18-person overshoot. SAXA says those incremental costs are "currently being reviewed" and will be disclosed once finalized.
The filing does not spell out how the overshoot affects SAXA's broader cost-reduction targets under its stated business restructuring, only that the program itself has closed with more takers than the company budgeted for.