TOKYO, May 14 (Pulse News Wire) – NIFCO INC. (7988.T) decided to continue and amend its performance-linked share-based compensation program for directors and executive officers at a board meeting held.
The amendments will be submitted for approval at the company's 74th annual shareholders' meeting scheduled for June 24, 2026. Under the amended program, external directors will now also be eligible for non-performance linked fixed-point shares. The trust fund (BIPT) supporting the program will extend its term until August 2029. Additionally, the number of points granted annually per director will decrease from 1,000 to 800, while the total limit for external directors remains unchanged at 4,000 points.
The revised program includes changes in performance metrics, introducing employee engagement alongside existing indicators such as operating profit margin, return on equity, and total shareholder return. Shares delivered through the program will remain subject to vesting restrictions until the recipient’s retirement. Furthermore, the company plans to adjust the trust fund contributions based on the new three-year rolling mid-term business plan, which emphasizes long-term commitment. Trust funds will be allocated within the limits approved by shareholders, with adjustments made according to the duration of extended trust periods.
In another development, the company confirmed that shares previously awarded under the old scheme for fiscal years 2024 and 2025 will still be distributed post-fiscal years 2026 and 2027 respectively, adhering to the previous stipulations.
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