Sumitomo Osaka Cement Co., Ltd.
Notice Regarding Partial Amendment and Continuation of the Stock Compensation Plan Adding Performance-Linked Elements
Added performance-linked elements to the stock compensation plan for directors, with an additional trust fund contribution capped at JPY 210 million. The trust period is scheduled to be extended through the end of August 2029.
Key Figures
- Trust Fund Cap: JPY 210 million (additional trust planned during the applicable period)
- Trust Period: August 26, 2020 – End of August 2029 (scheduled)
- Annual Point Cap per Fiscal Year: 23,000 points
AI要約
Regarding Partial Amendment and Continuation of the Stock Compensation Plan
Sumitomo Osaka Cement Co., Ltd. plans to propose at the 163rd Annual General Meeting of Shareholders scheduled for June 2026 a partial amendment and continuation of the stock compensation plan for directors utilizing a trust, adding performance-linked elements. The amended plan will adopt consolidated ROIC, energy-origin CO₂ emission intensity, employee engagement index, and ratio of female managers as performance-linked indicators to strengthen the linkage between director compensation and share price, aiming to enhance corporate value over the medium to long term.
Overview of the Trust and Future Operations
The trust period will be extended until the end of August 2029, with additional shares acquired up to a trust fund cap of JPY 210 million. Points granted to directors will be determined based on their position and achievement level of performance targets, with shares generally delivered upon retirement. Voting rights will not be exercised as per instructions from the trust administrator to maintain neutrality. At the trust’s termination, remaining shares will be acquired by the company free of charge and cancelled, and any residual funds will be donated to specified public interest corporations.
