Niterra Co. to extend, revise performance-linked stock plan

Niterra Co., Ltd. [TSE:5334] announced plans to extend and partially revise its performance-linked stock remuneration system for directors and corporate officers, subject to shareholder approval at the upcoming 125th Ordinary General Meeting on June 25, 2025. The revisions aim to strengthen the link between executive compensation and company value, incentivizing contributions to long-term performance and aligning interests with shareholders. The company intends to increase the proportion of performance-linked remuneration and refine performance indicators to better reflect medium-term management plan targets and human capital management efforts, fostering sustainable growth and stock price appreciation. The system utilizes a Board Incentive Plan Trust (BIP Trust) structure, where shares are acquired through the trust using company contributions and granted to eligible directors and officers based on their position and achievement of performance targets. The applicable period will be five fiscal years, starting March 31, 2026. The company will contribute a total of JPY 3.4 billion to the trust, with a maximum of 800,000 shares granted.