Fukuda Denshi Denki Introduces Retirement System and Senior Executive Posts

TOKYO, Jul 31 (Pulse News Wire) – Fukuda Denshi CO.,LTD. (6960.T) announced decisions made during its board meeting held on July 31, introducing a retirement system and senior executive positions, along with establishing four new director regulations.

The retirement system aims to promote planned generational succession among management personnel to ensure sustainable growth and strengthen corporate governance. Key points include: - A two-term tenure limit of five years per term for the president and chairman, with the second term for the chairman lacking representative rights. - Regular executives will retire at age 69, while vice presidents and executive directors will retire at age 74. - Senior executive roles will be established, featuring delegated contracts exempt from labor standards laws, subject to nomination and removal by the board of directors, and eligible for long-term incentives.

Additionally, the company introduced four new director regulations effective from June 3, 2026: 1. Director Regulations 2. Special Regulations for Director Hospitality Expenses Management 3. Special Regulations for Corporate Asset Utilization by Directors 4.

Welfare Facilities Usage Regulations These measures underscore Fukuda Denki's commitment to enhancing corporate governance and operational transparency.