Komori
Governance6834SEIKOH GIKEN Co.,Ltd.Electrical Equipment and Precision Instruments

Notice Regarding Partial Changes to the Performance-Linked Stock Compensation Plan for Directors (excluding Outside Directors and Directors Serving as Audit and Supervisory Committee Members)

For the performance-linked stock compensation plan for directors, the trust period will be changed from the current three-year terms to a structure under which an extension of up to five years may be set each time, and the upper limit on funds for acquiring shares will be increased to ¥2.1 billion for the extension period in question. The proposed changes will be submitted to the shareholders’ meeting scheduled for 19 June 2026.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
21
¥100 million (upper limit on additional acquisition funds during the extension period in question)
Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Changes this time

For the performance-linked stock compensation plan, the method of extending the trust period will be changed from extensions every three years to a method under which a period of up to five years is set each time, and the upper limit on funds for acquiring shares during the extension period in question will be changed from ¥200 million to ¥2.1 billion.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Changes this timeFor the performance-linked stock compensation plan, the method of extending the trust period will be changed from extensions every three years to a method under which a period of up to five years is set each time, and the upper limit on funds for acquiring shares during the extension period in question will be changed from ¥200 million to ¥2.1 billion.
Items this document does not state (6)
Number of directorsNumber 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.

Due to the rise in the share price since the 44th Annual General Meeting of Shareholders, the previous funding limit is no longer sufficient to acquire the shares required under the plan. In addition, to provide appropriate incentives to directors, it is necessary to determine the trust period flexibly in light of fluid factors such as performance forecasts.

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 Partial Changes to the Performance-Linked Stock Compensation Plan for Directors (excluding Outside Directors and Directors Serving as Audit and Supervisory Committee Members) | SEIKOH GIKEN Co.,Ltd. (6834) timely disclosure | Komori