TOKYO, May 20 (Pulse News Wire) – Meiwa Corporation (8103.T) announced today that its board of directors approved amendments to its equity-based compensation plan for executives, which will be presented for shareholder approval at the annual general meeting scheduled for June 26, 2026. The changes aim to enhance the alignment of executive remuneration with long-term performance goals outlined in the company's mid-term business plan "PI2028." Under the revised plan, the proportion of stock-based incentives within executive compensation packages will increase, reflecting the company’s commitment to boosting medium-to-long term profitability and enterprise value.
Additionally, the company plans to introduce similar incentive schemes for key subsidiaries' executives, subject to their respective shareholders’ meetings approving the proposals. The amended plan includes provisions for extending the trust arrangement until August 2029, contingent upon shareholder approval. The trust will allocate shares based on performance metrics such as Return on Equity (ROE) and relative Total Shareholder Return (TSR).
Executives who meet eligibility criteria will receive shares or cash payouts equivalent to the market value of those shares, depending on their accumulated points during the three-year cycle. Furthermore, the company expects to contribute up to ¥3 billion per fiscal year towards the trust fund, with a cap of 3 million shares available for distribution annually. Any remaining shares or dividends at the end of the trust period will either be used to extend the program or transferredto Meiwa Corporation for disposal through board resolution.
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