Shima Seiki Mfg.,Ltd.
Notice on Continued Reduction of Executive Compensation
As of October 30, 2026, a resolution was passed to continue reductions in executive compensation through the second quarter of the fiscal year ending March 2027. Voluntary forfeiture of part of the compensation by directors serving on the Audit and Supervisory Committee will also continue. The applicable period is October 2026 to March 2027, and the continuation covers the period from October 2024 to September 2026.
Key Figures
- Reduction rates by position: Representative Director, President & CEO 40%, Director Senior Managing Executive Officer 30%, Director Managing Executive Officer 25%, Executive Officers 15%
- Voluntary forfeiture by directors who are Audit and Supervisory Committee members: 15% of compensation
- Applicable period: October 2026–March 2027 (continuation covers October 2024–September 2026)
AI要約
Overview
Shima Seiki Mfg.,Ltd. resolved to continue reductions in executive compensation in relation to the second quarter of the fiscal year ending March 2027. The monthly compensation of the Representative Director, President & CEO will be reduced by 40%, Senior Managing Executive Officer by 30%, Managing Executive Officer by 25%, and Executive Officers by 15%. Voluntary forfeiture of compensation by directors who are members of the Audit and Supervisory Committee will also continue. The applicable period is October 2026 through March 2027, and the continuation covers the period from October 2024 through September 2026.
Background and Impact
This measure aims to strengthen corporate governance and restrain management incentives linked to compensation, and is expected to contribute to shareholder returns and improvement in capital efficiency to some extent. Specific impacts on financial metrics are not stated in this document and remain unknown. Quantitative assessments of the impact are expected in future financial results announcements.
Shima Seiki Mfg.,Ltd.
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