TOKYO, Apr 27 (Pulse News Wire) – Amano Corporation (6436.T) resolved today to extend its equity compensation plan for directors and executive officers until March 2029. The board approved the continuation and partial revision of the scheme, which was introduced in fiscal 2017.
The trust agreement will be amended to extend the plan's duration by three years, ending in March 2029. Under the revised plan, the total amount contributed by participating companies will be capped at ¥1.200 billion (of which Amano’s share is 1,110 million yen). This adjustment aims to enhance the alignment between executive remuneration and company performance during the new mid-term business plan spanning from April 2026 to March 2029. Other aspects of the program remain unchanged.
The initial trust contract was established on August 2, 2017, with an original expiration date of August 31, 2026. However, due to recent amendments, the trust period will now run through August 31, 2029. Shares acquired under this scheme will be ordinary shares of Amano Corporation, obtained through open-market purchases scheduled between August 3, 2026, and August 31, 2026. Voting rights associated with these shares will not be exercised.
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