TOKYO, May 26 (Pulse News Wire) – Dainichi CO.,LTD. (5951.T) announced plans to amend director compensation and introduce a restricted share plan at its upcoming annual shareholders' meeting scheduled for June 25, 2026.
The board resolved to increase the annual compensation limit for directors (excluding audit committee members) to up to ¥300 million, reflecting changes in economic conditions and increased responsibilities. Additionally, the company intends to seek shareholder approval for a new restricted stock award program aimed at incentivizing long-term value creation and aligning interests with stakeholders. Under this plan, eligible directors would receive monetary awards convertible into restricted shares, subject to vesting restrictions.
The total amount of such awards per annum would be capped at ¥300 million, with the number of ordinary shares issuable annually limited to 300,000. Shareholders will also vote on establishing separate remuneration frameworks for the revised cash-based incentives and the new restricted share scheme. Detailed implementation timelines and distribution specifics will be determined post-audit committee consultation and subsequent board resolution.
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