#ExecutiveCompensation

NSK Ltd. has revised its executive compensation system and plans to notify details after finalizing the performance-linked evaluation indicators based on the medium-term management plan.

From fiscal 2026, the compensation structure for executive officers will be revised by reducing the fixed compensation ratio by 5% and uniformly increasing the equity compensation ratio to 30%. A TSR-linked equity compensation will also be newly introduced to aim for long-term corporate value enhancement.

Revised the performance-linked stock compensation plan for directors and others, setting the compensation composition ratio at 60% base salary, 25% short-term incentives, and 15% mid-to-long-term incentives. Adopted ROIC, relative TSR, and ESG indicators as performance-linked metrics.

Itochu Corporation will continue the Executive Compensation BIP Trust beyond fiscal 2026, with a trust fund cap of 8 billion yen and an upper limit of 4.5 million points, targeting two business years until the end of March 2028.

Yamatane Co., Ltd. revised its executive compensation system at the Board of Directors meeting held on March 17, 2026, and plans to submit a proposal to the shareholders meeting on June 23, 2026. The revision includes an increase in the ratio of performance-linked compensation and the introduction of a new performance-linked restricted stock compensation system.

Introduces a performance-linked restricted stock compensation plan with an annual limit of 200 million yen and plans to issue up to 200,000 common shares annually. Approval will be sought at the General Meeting of Shareholders on March 27, 2026.

The upper limit for monetary compensation claims under the restricted stock compensation system will be raised from 30 million yen to 100 million yen per year, the cap on total shares will be newly set at up to 80,000 shares per year, and outside directors will be included as grant recipients. This revision will be proposed at the shareholders meeting...

Septeni Holdings Co., Ltd. plans to extend the trust period of its performance-linked stock compensation plan for directors until May 2029, with an upper limit on trust funds of 2,469 million yen and a maximum of 6.87 million points granted. The revision will also add outside directors as eligible recipients and is scheduled for approval at the March 2026 shareholders...

Announced investigation results on a malicious third-party fund outflow incident at our U.S. subsidiary and decided to voluntarily return part of executive compensation for two months from February to March 2026.

The new director compensation system maintains fixed compensation at 300 million yen, changes the KPI for performance-linked compensation to net income attributable to owners of parent, making it variable, abolishes stock option-type equity compensation, and introduces a restricted stock compensation system. Total compensation is estimated to decrease approximately 63% compared to the current system.