On the 15th, Daikoku Electric (6430) announced a revision of the executive compensation system and the introduction of restricted stock compensation with transfer restrictions. This system aims to provide incentives for sustainability in the company's value creation for directors and to further promote value with shareholders. According to this system, the total amount of money owed to the target directors is up to 160 million yen per year, and the total number of common stocks newly issued or disposed of by the company is up to 40,000 shares per year. Transfer to a third party, setting up collateral and other disposals are prohibited for a certain period of time, and the company will acquire the shares free of charge if certain conditions arise. In addition, if the proposal regarding this system is approved at the general meeting of shareholders, the company plans to introduce the same restricted stock compensation system for executive officers who do not concurrently serve as directors of the company and directors of subsidiaries.

This system aims to provide incentives for sustainability in the company's value creation for directors and to further promote value with shareholders.

Under this system, the total amount of money owed to the target directors is up to 160 million yen per year, and the total number of common stocks newly issued or disposed of by the company is up to 40,000 shares per year. Transfer to a third party, setting up collateral and other disposals are prohibited for a certain period of time, and the company will acquire the shares free of charge if certain conditions arise.

In addition, if the proposal regarding this system is approved at the general meeting of shareholders, the company plans to introduce the same restricted stock compensation system for executive officers who do not concurrently serve as directors of the company and directors of subsidiaries.