TANABE CONSULTING GROUP CO.,LTD. [9644.T]
TOKYO, May 19 (Pulse News Wire) – Tanabe Consulting Group CO.,LTD. (9644.T) announced today that its board of directors resolved to amend its restricted share compensation plan.
The amendment will be presented to shareholders at the company's 64th annual general meeting scheduled for late June 2026. Under the revised plan, the restricted share holding period for eligible directors will be extended until their departure from director positions at the company or its subsidiaries. Originally set for five years, the period will now cover the tenure of the directors. The total monetary compensation associated with the restricted shares remains within the upper limit of ¥148.9 million per annum, with ¥14.89 million allocated for outside directors.
Each fiscal year, up to 1,000 restricted shares will be allotted to eligible directors. The amendments aim to enhance long-term contributions towards the company’s stock price growth and strategic objectives outlined in the “TCG Future Vision” mid-term management plan covering 2021 to 2026. By retaining restricted shares until retirement, directors are expected to foster sustained corporate value enhancement and align interests with shareholders over an extended period. Shareholder approval at the upcoming annual general meeting is conditional for the implementation of these changes.
Additional details of the initial plan introduced in 2021 can be found in the May 19, 2021 press release titled "Introduction of Restricted Share Compensation System.".
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