DIAMOND ELECTRIC HOLDINGS Co.,Ltd. [6699.T]
TOKYO, May 28 (Pulse News Wire) – Diamond Electric Holdings CO.,LTD. (6699.T) announced today that its board of directors approved amendments to its equity-based compensation plan for directors and executive officers effective fiscal year 2026 onwards.
The changes will be presented for shareholder approval at the upcoming annual general meeting scheduled for June 26. Under the amended plan, the company aims to enhance alignment between executive remuneration and performance metrics, ensuring executives share both upside gains and downside risks with shareholders. The revised structure introduces long-term value creation indicators alongside short-term targets to boost commitment to achieving higher stock prices and corporate value.
Key modifications include altering the method for calculating the number of shares allocated based on role-specific points and adjusting the performance coefficient range. Performance indicators will shift from operating profit and return on equity (ROE) in fiscal to incorporate total shareholder return (TSR) and return on capital (ROC) starting in fiscal 2030. In addition, similar adjustments are planned for the company's existing performance-linked incentive programs targeting senior employees within major group companies, contingent upon shareholder endorsement at the AGM.
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