Kokuyo Co., Ltd.
Notice Regarding Introduction of Performance-Linked Stock Compensation Plan for Executive Officers and Executive Members
Kokuyo Co., Ltd. announced on 2026-02-13 the introduction of a stock compensation plan linked to medium-term management plan performance targets and stock price indicators for executive officers and executive members.
Key Figures
- Initial Performance Evaluation Period for Performance-Linked Stock Compensation I: 2026-01-01 to 2027-12-31
- Initial Performance Evaluation Period for Performance-Linked Stock Compensation II: 2026-04-01 to 2029-03-31
- Ratio of Stock Delivery and Cash Payment: In principle, 50% each
AI要約
Purpose and Overview of the Plan Introduction
Kokuyo Co., Ltd. will introduce a performance-linked stock compensation plan for executive officers and executive members based on the 4th Medium-Term Management Plan. This is intended to achieve medium- to long-term profit growth and enhance corporate value by setting consolidated ROE, consolidated EBITDA, and relative TSR as evaluation indicators. Stock and cash will be granted according to the degree of achievement of performance targets and stock price indicators to strengthen the link between compensation and performance.
Compensation Structure and Governance Enhancement
The compensation consists of Performance-Linked Stock Compensation I (linked to performance targets) and II (linked to stock price indicators), with transfer restrictions placed on delivered shares. Delivery will be made through either new share issuance or disposal of treasury stock. Furthermore, a clawback clause will be introduced to address misconduct and enhance compensation governance. The timing of delivery will be decided by the Compensation Committee or the Board of Directors.
