Komori
Governance5805SWCC CorporationIron & Steel, Nonferrous Metals

Notice Regarding the Introduction of a Performance-Linked Stock Compensation Plan for Directors

In addition to the existing restricted stock compensation without performance conditions, the Company will establish a performance-linked share compensation plan under which the number of shares granted will vary according to the achievement rate of targets such as TSR (total shareholder return). A proposal to introduce the plan will be submitted to the annual general meeting of shareholders scheduled for 25 June 2026.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
250
¥ million (annual cap)
Wording
Definitive
How definitive the wording is.

Governance structure

Committee2
Nomination and Compensation Committee (composed solely of independent outside directors)proportion of outside members: 100%
Changes this time

The Board of Directors resolved to introduce a performance-linked share compensation plan in addition to the existing non-performance-linked share compensation plan and to submit the proposal to the general meeting of shareholders.

Governance structure
ItemDetails
CommitteeNomination and Compensation Committee (composed solely of independent outside directors), proportion of outside members: 100%
Changes this timeThe Board of Directors resolved to introduce a performance-linked share compensation plan in addition to the existing non-performance-linked share compensation plan and to submit the proposal to the general meeting of shareholders.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy 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 promote the sharing of value between directors and shareholders and provide appropriate incentives for the sustained enhancement of corporate value over the medium to long term. The plan is also intended to strengthen the linkage between the compensation structure and medium- to long-term corporate value.

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.
Notice Regarding the Introduction of a Performance-Linked Stock Compensation Plan for Directors | SWCC Corporation (5805) timely disclosure | Komori