Shikoku Electric Power Company, Incorporated
Announcing Partial Revision of Stock Compensation System | May 19, 2026
Shikoku Electric Power is scheduled to resolve to revise part of its stock compensation system, aiming to enhance the linkage between director compensation and share value, and to increase the points grant limit.
Key Figures
- Annual points grant limit: 72,000 points
- Amount allocated to trust: 210 million yen (as of the end of March 2020) and an additional 69 million yen (November 2022)
- Trust period: from August 21, 2019, until end (ongoing)
AI要約
Background and Purpose of the System Revision
Shikoku Electric Power plans to resolve to partially revise its stock compensation system in order to strengthen the linkage between director compensation and share value. This revision will increase the proportion of stock-based remuneration and raise the points grant limit, thereby promoting corporate value enhancement and mid- to long-term performance improvement. The review includes increasing the points cap and introducing monetary payments, which will reinforce the reward linkage for officers.
Overview of the System and Eligible Participants
The new system is based on the Director Stock Compensation Regulations and targets directors (excluding outside directors) and executive officers with authority. Shares are acquired through a trust, and upon retirement, recipients receive shares or cash based on points accumulated. The annual points grant limit is set at 72,000 points, and the trust period for share acquisition will continue until the end of the trust. The system's trust period may end due to reasons such as delisting or regulations being abolished.
Shikoku Electric Power Company, Incorporated
Company overview · Stock price · Financial data · All IR
