Directors’ compensation comprising fixed compensation, performance-linked compensation and retirement bonuses

「In addition to the Board of Directors, the company has established a voluntary Compensation Committee. The committee is chaired by an independent outside director and consists of the President and Representative Director and independent outside directors, with independent outside directors holding a majority. During the current fiscal year, the committee met 4 times, and all committee members attended.」

「非金銭報酬は、当社の企業価値の持続的な向上を図るインセンティブを付与するとともに株主の皆様との一層の価値共有を進めることを目的として、譲渡制限付株式を用いた株式報酬とし、対象取締役に対して年額40百万円以内の金銭報酬債権を支給すること及びこれらに基づき発行又は処分される普通株式の総数は年３万3,000株以内とする。」

「The company disposed of 4,940 treasury shares on 8 August 2025 as an allocation of restricted stock compensation resolved at a Board of Directors meeting held on 8 July 2025.」

「The performance-linked compensation is designed to be approximately 4% of the amount of ordinary profit for each fiscal year after deducting corporate income taxes and other taxes.」

「The company disposed of 6,310 treasury shares on 8 August 2024 as an allocation of restricted stock compensation resolved at a Board of Directors meeting held on 8 July 2024.」

「At a meeting of the Board of Directors held on 10 July 2023, the company resolved to dispose of treasury shares as restricted stock compensation. (1) Disposal date 8 August 2023 (2) Class and number of shares to be disposed of The company’s common shares: 6,710 shares (5) Recipients, number of recipients and number of shares disposed of The company’s directors (*): 3 people, 6,710 shares」

「The company’s performance-linked compensation is paid in cash and is calculated in accordance with internal regulations based on ordinary profit for each fiscal year.」

「To prepare for the payment of directors’ retirement bonuses, the company had recorded the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement bonuses. At the 66th Annual General Meeting of Shareholders held on 24 June 2022, it resolved to abolish the retirement bonus system for directors, excluding outside directors, and to make lump-sum payments for their periods of service. As a result, during the cumulative second quarter, the company reversed the entire provision for directors’ retirement bonuses and presented the ¥140.920 million previously recorded as the provision as long-term accounts payable under “Other” in non-current liabilities.」

「At a meeting of the Board of Directors held on 8 July 2022, the company resolved to dispose of treasury shares as restricted stock compensation and carried out the disposal as follows. (1) Disposal date 8 August 2022 (2) Class and number of shares to be disposed of The company’s common shares: 8,630 shares (5) Recipients, number of recipients and number of shares disposed of The company’s directors (*): 3 people, 8,630 shares」

「The company’s non-monetary compensation, excluding that for outside directors, consists of restricted stock. Within the total compensation approved by the General Meeting of Shareholders, the Board of Directors determines the amount based on a comprehensive consideration of factors including position, compensation levels at other companies and performance, and grants it at a specified time each year.」

「The company’s basic compensation consists of monthly fixed compensation, determined according to the responsibilities, experience and performance of each individual.” “The company’s performance-linked compensation is paid in cash and is calculated in accordance with internal regulations based on ordinary profit for each fiscal year.」

「To prepare for the payment of directors’ retirement bonuses, the company had recorded the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement bonuses. At the Annual General Meeting of Shareholders held on 26 June 2019, however, it resolved to abolish the retirement bonus system for outside directors and Audit & Supervisory Board Members and to make lump-sum payments for their periods of service. As a result, beginning in the first quarter of the consolidated accounting period, part of the provision for directors’ retirement bonuses was reversed, and the lump-sum payment amount was recorded under “Other” in non-current liabilities.」

「To prepare for the payment of directors’ retirement bonuses, the company had recorded the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement bonuses. At the Annual General Meeting of Shareholders held on 26 June 2019, however, it resolved to abolish the retirement bonus system for outside directors and Audit & Supervisory Board Members and to make lump-sum payments for their periods of service. As a result, beginning in the first quarter accounting period, part of the provision for directors’ retirement bonuses was reversed, and the lump-sum payment amount was recorded under “Other” in non-current liabilities.」

「To prepare for the payment of directors’ retirement bonuses, the company had recorded the amount payable at the end of the fiscal year under its internal rules as a provision for directors’ retirement bonuses. At the Annual General Meeting of Shareholders held on 26 June 2019, however, it resolved to abolish the retirement bonus system for outside directors and Audit & Supervisory Board Members and to make lump-sum payments for their periods of service.」

「The company’s directors’ compensation and other remuneration comprise fixed compensation, performance-linked compensation and retirement bonuses, and are paid within the annual compensation limit approved by the General Meeting of Shareholders.」