Worth reading
50Recurring
Scored from 1 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
200
Payout ratio cap (%)Wording
Conditional
How definitive the wording is.Governance structure
Number of directors5 in total, including 2 outside directors
Changes this time
Regarding the PSU plan, (1) the service period ratio will be removed from the calculation formula, and (2) the payout ratio range will be changed from 0%–100% to 0%–200%. All other provisions approved at the 2021 general meeting of shareholders will remain unchanged.
| Item | Details |
|---|---|
| Number of directors | 5 in total, including 2 outside directors |
| Changes this time | Regarding the PSU plan, (1) the service period ratio will be removed from the calculation formula, and (2) the payout ratio range will be changed from 0%–100% to 0%–200%. All other provisions approved at the 2021 general meeting of shareholders will remain unchanged. |
Items this document does not state (6)
Corporate Governance StructureNumber of independent officersCommitteePolicy 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 further strengthen directors’ incentives to improve performance and increase corporate value over the medium to long term. The Company also determined that the revisions are reasonable in terms of motivating directors to achieve performance targets and contributing to the enhancement of corporate value over the medium to long term.
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.