Komori
Governance8012NAGASE & CO.,LTD.Trading & Wholesale

Notice Regarding Changes to the Executive Compensation System

In line with the launch of the new medium-term management plan, the executive compensation system for directors, excluding outside directors and Audit & Supervisory Board members, was reviewed. The performance-linked compensation metrics and formulas, as well as the compensation mix, were changed to clarify the linkage to consolidated operating profit, operating profit of the businesses under their responsibility, ROE, TSR and sustainability.

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Governance structure

Committee1
Executive Compensation Committee
Percentage of outside members More than half
Changes this time

In connection with the launch of the new medium-term management plan, the evaluation metrics, formulas, compensation mix and other aspects of the executive compensation system for directors, excluding outside directors and Audit & Supervisory Board members, were reviewed.

Governance structure
ItemDetails
CommitteeName Executive Compensation Committee / Percentage of outside members More than half
Changes this timeIn connection with the launch of the new medium-term management plan, the evaluation metrics, formulas, compensation mix and other aspects of the executive compensation system for directors, excluding outside directors and Audit & Supervisory Board members, were reviewed.
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 review the performance metrics, formulas and other aspects in connection with the launch of the new medium-term management plan and establish a system design aligned with the executive compensation policy.

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 Changes to the Executive Compensation System | NAGASE & CO.,LTD. (8012) timely disclosure | Komori