TOKYO, May 28 (Pulse News Wire) – Neuromagic CO.,LTD. (251A.T) announced today that its board of directors approved changes to the performance-based compensation system for executives.
The adjustments aim to enhance long-term corporate value while ensuring stronger financial stability. Under the revised system, compensation will now be based on pre-tax income before bonuses rather than consolidated operating profit. Key modifications include setting a threshold for pre-tax income before bonuses at ¥45 million and capping total payouts at ¥10.9 million.
Individual payments will be calculated by multiplying the excess amount over the base figure of ¥45 million by coefficients ranging from 0.02 to 0.40 depending on executive roles. Payments will be made within one month following a special board meeting held after the annual shareholders' meeting. Executives who join during the fiscal year will receive prorated payments based on their months of service, while those who leave early due to resignation or death will also receive pro-rated amounts.
However, executives dismissed for misconduct will not be eligible for compensation under this scheme.
🟡 Confidence: Standard AI-translated content.