Nagoya Railroad Executives to Return Bonuses Amid Development Plan Review

TOKYO, Jun 25 (Pulse News Wire) – Nagoya Railroad Co., Ltd. (9048.NG) announced that executives will return portions of their fixed monthly compensation due to ongoing reviews of the development plan for the Nagoya Station area redevelopment project initiated last December.

The company stated that the decision was made in recognition of the concerns raised by stakeholders affected by recent delays and adjustments to the schedule. Specifically, the chairman will return one month's fixed monthly compensation of 30%, while the president and CEO will return 30%.

Additionally, the executive vice presidents responsible for the Nagoya Station redevelopment project will return 20% and 20%, respectively. The bonuses are scheduled to be returned to the company during June 2026.