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Governance2810House Foods Group Inc.Food

Notice Regarding Partial Revisions to Performance-Linked Metrics Under the Executive Compensation System

“Status of structural reform” has been added to the performance metrics used to evaluate short-term incentives (bonuses) for executive directors, in addition to the existing EBITDA and ROIC metrics. The change will apply to bonuses based on performance for the fiscal year ending March 2027.

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Governance structure

Company with an Audit and Supervisory Committee
Committee1
Compensation Advisory Committee: outside members comprise a majority (the specific percentage is not disclosed)
Changes this time

“Status of structural reform” has been added to the performance-linked metrics for short-term incentives (bonuses). The change will apply when calculating short-term incentives based on performance for the fiscal year ending March 2027. There will be no change to the compensation system for directors who are Audit and Supervisory Committee members.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
CommitteeCompensation Advisory Committee: outside members comprise a majority (the specific percentage is not disclosed)
Changes this time“Status of structural reform” has been added to the performance-linked metrics for short-term incentives (bonuses). The change will apply when calculating short-term incentives based on performance for the fiscal year ending March 2027. There will be no change to the compensation system for directors who are Audit and Supervisory Committee members.
Items this document does not state (5)
Number of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To promote the steady implementation of “structural reforms to accelerate global growth and improve capital efficiency” and clarify the commitment of executive directors.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Partial Revisions to Performance-Linked Metrics Under the Executive Compensation System | House Foods Group Inc. (2810) timely disclosure | Komori