Governance structure
The share-based compensation plan will be partially revised. The company’s contribution cap will be ¥3.3 billion per fiscal year, the cap on the number of shares acquired by the trust will be 1,000,000 shares per fiscal year, and the timing of the delivery and other provision of shares and other instruments will be changed from after at least two years have elapsed from the first day of the relevant fiscal year to after at least three years have elapsed. Subject to approval at this General Meeting of Shareholders, the plan will cover directors only and will not include executive officers or others.
| Item | Details |
|---|---|
| Committee | Compensation Committee (outside members: a majority) |
| Changes this time | The share-based compensation plan will be partially revised. The company’s contribution cap will be ¥3.3 billion per fiscal year, the cap on the number of shares acquired by the trust will be 1,000,000 shares per fiscal year, and the timing of the delivery and other provision of shares and other instruments will be changed from after at least two years have elapsed from the first day of the relevant fiscal year to after at least three years have elapsed. Subject to approval at this General Meeting of Shareholders, the plan will cover directors only and will not include executive officers or others. |
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.Against a backdrop of increasing overseas sales, the revisions are intended to secure outstanding personnel with knowledge of and management experience in global markets in order to grow the business in global markets and continue enhancing corporate value, and to establish compensation that is competitive with that offered by global companies. Extending the delivery period is intended to further increase the eligible directors’ motivation to contribute to the enhancement of corporate value over the medium to long term.