TOKYO, May 22 (Pulse News Wire) – TDSE Inc. (7046.T) announced today that its board of directors approved the introduction of a performance share plan aimed at aligning executive compensation with long-term shareholder value.
The plan, known as the Performance Share program, will be presented for shareholders' approval at the annual general meeting scheduled for June 29, 2026. Under this scheme, directors will receive equity grants contingent upon achieving key financial targets outlined in the mid-term business plan SHIFT2028. The total monetary compensation related to the Performance Share program will be capped at ¥60 million per three-year fiscal period, equivalent to ¥20 million annually.
Additionally, directors will contribute their entire cash-based compensation towards acquiring shares of the company, subject to vesting conditions tied to performance metrics. The number of shares granted will vary based on the achievement of predefined financial goals, with a cap of 45,000 shares shares per three-year period, or approximately 15,000 shares shares per fiscal year. This initiative complements existing equity incentive programs introduced since 2021, which also require directors to hold restricted stock units until certain conditions are met.
The Performance Share program will operate independently, offering additional incentives linked specifically to the attainment of strategic objectives set forth in the company's mid-term plans.
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