Notice of Executive Compensation Self-Resignation | June 2026

Self-Resignation of Executive Compensation

Nagoya Railway has decided that relevant officers will forgo 30% or 20% of their monthly fixed compensation in June 2026 due to schedule changes stemming from the review of the redevelopment plan last year. This measure demonstrates responsibility towards stakeholders' concerns and inconveniences, reflecting management's sense of accountability. The amount of compensation to be resigned varies according to the position, with the Chairman of the Board and President forfeiting 30%, and other officers 20%.

Future Response and Corporate Stance

This executive compensation self-resignation underscores management’s commitment regarding the reexamination of the Nagoya Station Area redevelopment plan, indicating sincere communication with shareholders and stakeholders. Moving forward, the company will continue to respond appropriately based on the progress and review outcomes of the plan, aiming to restore trust and achieve sustainable growth.