Governance structure
A proposal to revise the annual monetary compensation limit for directors from ¥150 million or less to ¥200 million or less will be submitted to the general meeting of shareholders. The annual limit for outside directors will be ¥20 million or less. Performance-linked share-based compensation will be provided separately from the monetary compensation limit.
| Item | Details |
|---|---|
| Number of directors | 5 in total, including 2 outside directors |
| Changes this time | A proposal to revise the annual monetary compensation limit for directors from ¥150 million or less to ¥200 million or less will be submitted to the general meeting of shareholders. The annual limit for outside directors will be ¥20 million or less. Performance-linked share-based compensation will be provided separately from the monetary compensation limit. |
Items this document does not state (6)
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.The company cites the fact that more than 10 years have passed since the compensation limit was established and that the business environment has changed, as well as the increased roles and responsibilities of directors resulting from the expansion of the business foundation and strengthening of the corporate governance framework. Other reasons include securing and retaining talented personnel, responding to performance-linked bonuses in a timely and flexible manner, and enhancing the management structure in preparation for medium-term business expansion.