TOKYO, Jun 26 (Pulse News Wire) – Smaregi,inc. (4431.T) decided to amend its performance share unit (PSU) compensation plan during a board meeting held today.
The changes will be presented for approval at the upcoming 21st Annual General Meeting scheduled for July 29, 2026. The amendment includes two key modifications to the existing PSU scheme. First, the role service period ratio will be removed from the calculation formula. Second, the payout rate range will be adjusted from 0% to 100% to 0% to 100%. The revised framework aims to enhance long-term incentives for directors, aligning their interests more closely with the company's growth objectives.
Under the current structure approved in the 2021 annual general meeting, the PSU payout was calculated based on a formula involving base delivery shares, payout rates, and service period ratios. The proposed amendments seek to simplify the criteria while maintaining alignment with performance metrics. Specifically, the payout rate will now be determined solely based on achievement levels within the updated range of 0% to 200%. Should the proposal pass, the amended PSU plan will apply to the fiscal year beginning May 1, 2026, through April 30, 2027. Additionally, the overall compensation framework and stock issuance limits related to PSUs will follow adjustments outlined in Proposal Number Three.
Other aspects such as distribution methods and restructuring provisions remain unchanged from the 2021 resolution.
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