Nichirei to Raise Director Pay Caps and Expand Stock Compensation Plan

Nichirei Corporation ( (JP:2871) ) has issued an announcement.

Nichirei Corporation has approved a comprehensive revision of its director remuneration framework, seeking shareholder approval to raise caps on basic pay, performance-linked bonuses and stock-based compensation. The move reflects a larger corporate scale, heightened director responsibilities and the goal of aligning pay more closely with performance and market levels in the food and logistics sectors.

The proposal lifts the annual cap on basic remuneration to ¥350 million, keeping outside directors at ¥100 million, and increases performance-linked bonuses to ¥200 million, while setting stock compensation for restricted shares at up to ¥150 million and 140,000 shares a year. Restricted shares for internal directors will be issued or disposed of either directly as non-cash remuneration or via monetary claims contributed in kind, aiming to strengthen governance, secure high-caliber leadership and support execution of the N-FIT2035 growth strategy.

The most recent analyst rating on (JP:2871) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Nichirei Corporation stock, see the JP:2871 Stock Forecast page.

More about Nichirei Corporation

Nichirei Corporation is a Japan-based group operating mainly in the food and logistics industries, with core businesses in processed foods and temperature-controlled distribution. Competing for talent and scale with other major food and logistics players, the company is pursuing its long-term management goal N-FIT2035 and integrating its food operations to enhance growth and group synergies.

Average Trading Volume: 1,204,178

Technical Sentiment Signal: Buy

Current Market Cap: Yen471B

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