TOKYO, Apr 22 (Pulse News Wire) – Yonex CO.,LTD. (7906.T) announced changes to its director compensation structure at a board meeting held.
The revised basic annual compensation for directors will be up to ¥250 million (including ¥50 million for outside directors). Additionally, the company plans to introduce a performance-linked restricted stock unit (PSU) program for non-outsider directors, subject to shareholder approval at the upcoming Annual General Meeting scheduled for June 24, 2026. Under the PSU program, directors will receive ordinary shares based on pre-determined performance targets set during a defined evaluation period. The total value of PSUs granted annually will be capped at ¥60 million (combined physical delivery and free issuance methods), with a cap on the number of shares issued at 30,000 per year.
Shareholders' approval is also sought for amendments to the existing restricted stock award (RS) program, which now includes outside directors and allows for additional issuance methods. Current directors consist of seven members, three of whom are outside directors. With the proposed changes, the board size could increase to eight members, four of whom would be outside directors, pending shareholder approval. The company intends to implement similar programs for executive officers who are not concurrently serving as directors.
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