NOF Corporation
【Company Name】Revision of Stock Compensation System and Proposal at the General Meeting of Shareholders｜May 2026
Our company has resolved to partially revise its performance-linked stock compensation system and plans to submit the transfer to a Stock Ownership Trust (BBT-RS) for approval at the general meeting of shareholders. The system revision aims to enhance corporate value over the medium and long term.
Key Figures
- Points allocation limit: 54,000 points (per fiscal year)
- Trust fund amount: 180 million yen (set in August 2019)
- Upper limit of shares based on points: 162,000 shares
AI要約
Overview of the System Revision
Our company plans to propose at the general meeting of shareholders a partial revision of the performance-linked stock compensation system introduced in 2019, transitioning to a Stock Ownership Trust (BBT-RS). The new system aims to clarify the link between director compensation, corporate performance, and stock value, and to share the benefits and risks of stock price appreciation with shareholders. The details include the system structure, trust period, points allocation limits, and restrictions on stock transfer during service terms and voting rights exercisess.
Impact on Shareholders and Future Outlook
The system revision will improve transparency of executive stock compensation and strengthen long-term incentives, thereby promoting enhanced corporate value. After approval at the shareholders' meeting, the transition to the new system and points allocation will be implemented, with regulations on stock transfer restrictions and procedures at trust conclusion. This is expected to contribute to shareholder value enhancement and sustainable corporate growth.
Nitchu (Nippon Oil Corporation)
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