Governance structure
The restricted stock compensation plan will be amended to allow performance-based conditions to be attached. The annual maximum compensation amount will change from ¥200 million to ¥500 million, and the annual maximum number of shares will change from 90,000 shares to 150,000 shares. The plan will also allow shares to be granted without requiring monetary payment or the provision of monetary claims as property contributed in kind.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Committee (proportion of outside members: Not disclosed) |
| Changes this time | The restricted stock compensation plan will be amended to allow performance-based conditions to be attached. The annual maximum compensation amount will change from ¥200 million to ¥500 million, and the annual maximum number of shares will change from 90,000 shares to 150,000 shares. The plan will also allow shares to be granted without requiring monetary payment or the provision of monetary claims as property contributed in kind. |
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 provide the eligible directors with incentives to achieve sustained growth in corporate value and further strengthen management's commitment to achieving performance targets. The revisions are also intended to promote greater value sharing with shareholders.