TOKYO, May 19 (Pulse News Wire) – Nichirei Corporation (2871.T) plans to revise its director compensation and equity award system. At today's board meeting, the company decided to propose amendments to the upcoming Ordinary General Meeting of Shareholders scheduled for June 24, 2026.
The revisions aim to reflect changes in the operating environment and rising market standards since the last adjustment in 2019. Under the proposed changes, basic remuneration would increase to up to ¥3.5 billion annually (with external directors receiving up to ¥1.2 billion). Performance-linked bonuses would rise to up to ¥1.6 billion annually.
Additionally, stock awards would be capped at ¥1.5 billion annually, representing a significant shift from previous limits. For the revised equity-based compensation, the issuance or disposal of restricted shares will follow either cashless share issuance or conversion of monetary claims into shares based on board resolutions. These adjustments align with industry benchmarks and consider future operational conditions, ensuring fair treatment for directors while reinforcing the company’s long-term strategic goals.
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