Kitoku Shinryo Co., Ltd.
Notice of Voluntary Reduction of Part of Directors’ Remuneration
In light of a downward revision to the full-year earnings forecast for the fiscal year ending December 2026, the monthly remuneration of the Representative Director and President and the Chairman of the Board will be voluntarily reduced by 20%, and other directors (excluding outside directors) will voluntarily reduce their monthly remuneration by 10%. The period is three months from November 2026 through January 2027. The total amount including remuneration for executive officers is subject to the reduction. No performance-linked compensation will be paid.
Key Figures
- Details of Voluntary Reduction: Representative Director and President, Chairman of the Board monthly remuneration 20%, Other directors monthly remuneration 10%
- Voluntary Reduction Period: 3 months from November 2026 to January 2027
- Performance-linked Compensation: None
AI要約
Key Points
The monthly remuneration of the Representative Director and President and the Chairman of the Board will be reduced by 20%, and the monthly remuneration of other directors (excluding outside directors) will be reduced by 10% on a voluntary basis. The period is three months from November 2026 through January 2027. This measure is intended to clarify management responsibility and demonstrate efforts toward earnings recovery in light of the downward revision to the earnings forecast.
Impact and Outlook
This voluntary reduction aims to clarify management responsibility and prevent recurrence, but the specific financial impact is unknown. No performance-linked compensation will be paid. Attention will focus on future earnings recovery, and on any additional cost-cutting measures or changes in capital policy.
Kitoku Shinryo Co., Ltd.
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