Governance structure
The annual cap on directors’ basic compensation and bonuses will be revised to ¥430 million or less, including ¥30 million or less for outside directors, and restricted stock compensation will be revised to ¥50 million or less and 35.5 thousand shares or less per year. There will be no other changes to the compensation system.
| Item | Details |
|---|---|
| Committee | Compensation Advisory Committee, with a majority of independent outside directors and an independent outside director serving as chair |
| Changes this time | The annual cap on directors’ basic compensation and bonuses will be revised to ¥430 million or less, including ¥30 million or less for outside directors, and restricted stock compensation will be revised to ¥50 million or less and 35.5 thousand shares or less per year. There will be no other changes to the compensation system. |
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.To set compensation at a level that enables directors to maintain higher motivation, thereby promoting the enhancement of corporate value over the medium to long term and the sharing of value with shareholders. The Compensation Advisory Committee considered a compensation structure aligned with the Company’s business scale and operating environment, using compensation surveys and other information from external specialist organizations.