Otake Corporation
Notice regarding Executive Compensation Reduction
Following a special investigation, executive monthly compensation reduced by 30% for three months from October 2026, with similar reductions for other executives. Employees directly involved will be subject to strict disciplinary action.
Key Figures
- Executive compensation reduction: 30% of monthly remuneration for 3 months (Representative Director and CEO)【President and CEO Kineto Shunya】
- Executive compensation reduction: 30% of monthly remuneration for 3 months (Chairman of the Board Yoshiyuki Murai)【Chairman of the Board Yoshiyuki Murai】
- Executive compensation reduction: 20% of monthly remuneration for 2 months (Director Katsuma Yamada)【Director Katsuma Yamada】
AI要約
Overview of Executive Compensation Reduction
This is a notice published to disclose that, based on the Special Investigation Committee's findings and considering issues related to potential antitrust restrictions and revenue recognition, executive compensation will be reduced to clarify management responsibility. Compensation for six executives, including the President and Representative Director, will be reduced for three months or two months from October 2026 at specified rates.
Disciplinary Actions and Future Measures
It states that strict disciplinary actions have been taken against employees directly involved in the matter in accordance with internal regulations, implying a commitment to prevent recurrence and strengthen compliance. It also includes an apology to shareholders and investors, emphasizing the intention to clarify responsibility.
Otake Corporation
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