Contents of this filing
In addition to the existing plan, a performance-linked restricted stock (PSURS) compensation plan will be introduced. The annual cap on directors’ compensation is expected to change from no more than ¥300 million to no more than ¥400 million, the annual cap on stock-based compensation and other compensation under the existing and PSURS plans combined from no more than ¥100 million to no more than ¥200 million, and the aggregate number of shares issued or disposed of from no more than 20,000 shares per year to no more than 100,000 shares per year. Each change is subject to shareholder approval.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Changes this time | In addition to the existing plan, a performance-linked restricted stock (PSURS) compensation plan will be introduced. The annual cap on directors’ compensation is expected to change from no more than ¥300 million to no more than ¥400 million, the annual cap on stock-based compensation and other compensation under the existing and PSURS plans combined from no more than ¥100 million to no more than ¥200 million, and the aggregate number of shares issued or disposed of from no more than 20,000 shares per year to no more than 100,000 shares per year. Each change is subject to shareholder approval. |
Items this document does not state (7)
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 provide incentives for the sustained enhancement of corporate and shareholder value, share value with shareholders, and strengthen motivation for creating value over the medium to long term. In light of changes in the management environment and rising market compensation levels, the weighting of performance-linked stock-based compensation and the payout rate cap will be raised to strengthen commitment to performance targets.