DAIKI ALUMINIUM INDUSTRY CO.,LTD. [5702.T]
TOKYO, May 14 (Pulse News Wire) – Daiki Aluminium Industry CO.,LTD. (5702.T) resolved to introduce a performance-based equity compensation plan called “Board Benefit Trust” (BBT) during its board meeting held today.
The proposal will be presented at the 99th Annual General Meeting scheduled for June 19, 2026. Under the new plan, directors and appointed executive officers will receive shares or cash equivalent to the market value of shares based on points awarded according to their roles and performance achievements. Points are capped at 10,000 per fiscal year, with a total cap of 30,000 points for directors annually.
Directors who meet the beneficiary criteria upon retirement will receive shares or cash payments based on accumulated points. The trust fund will initially allocate approximately ¥200 million to purchase shares, with additional funding to be determined annually within the three-year initial target period ending March 31, 2029. Shares acquired through the trust will not exercise voting rights to ensure impartiality in corporate governance.
Dividends received will be used to cover acquisition costs and trustee fees.
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