www.nippn.co.jp/ir/ir_news/detail/__icsFiles/afieldfile/2023/05/23/20230523.pdf

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株式会社ニップン 業績連動型株式報酬制度の導入に関するお知らせ

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https://www.nippn.co.jp/ir/ir_news/detail/__icsFiles/afieldfile/2023/05/23/20230523.pdf

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This document announces that Nippon Flour Mills Co., Ltd. has resolved to introduce a performance-linked stock compensation system. The board of directors decided to present this proposal at the shareholders' meeting scheduled for June 29, 2023, aiming to enhance the linkage between directors' compensation and the company's performance and stock value. The system is designed to share both the benefits of stock price increases and the risks of declines with shareholders, contributing to long-term performance improvement. The trust will acquire company shares and provide directors with shares or cash equivalent upon their retirement. The trust period is set to begin in August 2023, with compensation granted at the time of retirement.