TOKYO, May 15 (Pulse News Wire) – Marui Group CO.,LTD. (8252.T) extended its performance-based equity compensation plan through fiscal year 2029 during a board meeting held today.
The continuation of the program aims to enhance long-term performance and increase enterprise value while fostering a sense of contribution among executives and directors. Under the revised plan, which was approved at the 83rd ordinary shareholders' meeting in June 2019, the trust period will be extended beyond the initial term ending in August 2026. The company will now cover three consecutive fiscal years from March 31, 2027, to March 31, 2029.
Details on additional contributions and stock acquisition methods will be disclosed once finalized. The modified scheme includes adjustments based on key performance indicators such as ROE, EPS growth rate, TSR, and ESG metrics. Points accumulated annually according to executive positions will determine the number of shares awarded, multiplied by a performance coefficient ranging from 0 to 110%.
Each point corresponds to one common share of Marui Group, subject to adjustments due to events like stock splits or consolidations.
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