Tokai Kisen Co., Ltd.
Notice Regarding Voluntary Reduction of Executive Compensation
Announcement of voluntary reduction of executive compensation. Representative Director and President Junichi Yamazaki will resign effective 2026-10-31; reductions will begin in October 2026. Reduction rates are set by position at 80%, 30%, 20%, 10%, etc., for periods up to two months.
Key Figures
- Junichi Yamazaki Representative Director and President: 80% of monthly compensation to be returned
- Yoshinori Kurasaki Senior Managing Director: 30% of monthly compensation to be returned
- Keisuke Takesaki Director: 20% of monthly compensation to be returned
- Osamu Fujima Full-time Auditor: 10% of monthly compensation to be returned
- Hiroyuki Nozaki Full-time Auditor: 10% of monthly compensation to be returned
- Eiichi Wakabayashi Outside Director: 10% of monthly compensation to be returned
- Kazuhide Sakurai Outside Director: 10% of monthly compensation to be returned
- Hideo Numai Outside Director: 10% of monthly compensation to be returned
- Hideto Udagawa Full-time Auditor: 10% of monthly compensation to be returned
- Resignation Date: 2026-10-31
AI要約
Overview
This announcement states that, in light of an administrative disposition by the Kanto Transport Bureau of the Ministry of Land, Infrastructure, Transport and Tourism, the company has decided on a voluntary reduction of executive compensation to clarify management responsibility. Representative Director and President Junichi Yamazaki will resign effective 2026-10-31, and reductions will begin in October 2026. Reduction rates are set by position, with up to 80% of monthly compensation subject to reduction.
Impact and Future
The voluntary reduction of executive compensation is part of efforts to strengthen corporate governance and may lead to reviews of the future management structure and internal controls. Attention will focus on successor arrangements and actions by the executive team following the resignation date.
Tokai Kisen Co., Ltd.
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