TAIHEI DENGYO KAISHA,LTD. [1968.T]
TOKYO, May 14 (Pulse News Wire) – Taihei Dengyo Kaisha,ltd. (1968.T) has decided to continue its performance-based equity compensation plan for directors through fiscal year 2029.
The decision was made during a board meeting held. Under the program, which began in fiscal year 2017, directors' remuneration is linked to the company's operating profit and stock value. The trust period for the BIP Trust will be extended until August 31, 2029, ensuring the continuation of the scheme beyond the initial term.
The plan covers three fiscal years ending March 31, 2027, March 31, 2028, and March 31, 2029. This initiative aims to enhance long-term profitability and increase enterprise value by aligning executive compensation with company performance and stock price. Detailed information on the program can be found in the announcement published on May 12, 2017.
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