MS&Consulting Co.,Ltd. [6555.T]
TOKYO, May 27 (Pulse News Wire) – Ms&consulting CO.,LTD. (6555.T) announced today that its board of directors, held, determined performance-based compensation limits for three executive officers.
The executives targeted for performance-based compensation are President and CEO Hideyasu Tsujii, Shigeru Shibuya, and Akihito Naganuma. The cap on their performance-based compensation is set at 10% of their combined annual base salary, equal to ¥6.6 million. The metric used for determining the performance-based compensation is the net profit attributable to shareholders for the fiscal year ending February 2027. The target figure for this metric is ¥220 million (previously forecasted as ¥220 million). If the target is exceeded, compensation is capped at 10% of each executive's annual base salary; otherwise, no performance-based compensation is paid.
Additionally, payment of the performance-based compensation is contingent upon surpassing the target after distribution. In previous fiscal years, the company's net profit attributable to shareholders was forecasted at ¥151 million and achieved at ¥173 million. The performance-based compensation will be paid within one month following the determination of the fiscal year-end results for February 2027. Furthermore, the total annual remuneration limit for executives was previously decided at a general meeting of shareholders on June 23, 2016, setting it at ¥300 million per annum, excluding personnel allowances. Another resolution was made at a regular shareholders’ meeting on May 22, 2020, capping the annual amount at ¥100 million for share-based compensation subject to vesting restrictions, separate from the aforementioned limit.
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