Governance structure
Company with Three Statutory CommitteesThe share-based compensation plan and the trust will continue, and the trust period is expected to be extended through the end of July 2029. An additional ¥1,584.42 million is expected to be placed in the trust, and an additional 345,600 shares are expected to be acquired.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with Three Statutory Committees |
| Committee | Compensation committee (percentage of outside members: not disclosed) |
| Changes this time | The share-based compensation plan and the trust will continue, and the trust period is expected to be extended through the end of July 2029. An additional ¥1,584.42 million is expected to be placed in the trust, and an additional 345,600 shares are expected to be acquired. |
Items this document does not state (5)
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 strongly motivate directors to oversee management and executive officers to perform their duties, and to enhance their motivation to increase corporate value over the medium to long term. The additional trust amount was calculated by adding trust fees and expenses to the current compensation amounts for directors and executive officers. The number of additional shares to be acquired was set with reference to the current share price and the composition of the officers, at the level required if the Company achieves its overall performance targets at the maximum level.